For Sale: Loretto MLS# 6481318
Active
$1,699,000
Commercial: Industrial/Warehouse
Built 1987
1.89 acres
Delano schools
MLS# 6481318
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Property Description
Check out this industrial investment opportunity! This building has in-place income, multiple tenants, 88% occupied with some room to continue to grow the NOI. It's nicely situated near downtown Loretto, MN with access to highway 55 and 19 and it's walking distance to multiple restaurants. See the brochure for more information. Financials are available upon request.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,699,000
Property Type:
Commercial
City:
Loretto
Garage Spaces:
4
County:
Hennepin
Year Built:
1987
State:
MN
Property Style:
Industrial/Warehouse
Zip Code:
55357
Subdivision Name:
Auditors Sub 232
Exterior
Garage Spaces:
4
Other Parking Spaces:
30
Foundation Size:
24,140 ft2
Handicap Accessible:
Partially Wheelchair, Wheelchair Ramp(s)
Heating System:
Forced Air
Parking Features:
Open
Exterior Material:
- Aluminum Siding
- Brick/Stone
- Metal Siding
- Wood Siding
Lot & Land
Acres:
1.89
Geolocation:
45.055283, -93.638412
Inclusions:
Building, Land, Leases
Lot Dimensions:
353 x 200
Zoning:
Industrial
Schools
School District:
879
District Phone:
763-972-3365
Expenses
Annual Gross Expense:
$99,742
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$27,358
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$27,358
Income
Annual Gross Income:
$192,041
Rent
Annual Net Income:
$106,471
Units
Total Units:
8
Miscellaneous
Current Use:
- Industrial
- Manufacturing
- Professional Service
- Storage Facility
Fuel System:
Natural Gas
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
Shared System
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Listing provided by RMLS,
courtesy of Commercial Investors Group LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.