$1,400,000
324 Lowell AVE NW Elk River, MN 55330
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,400,000
Est. payment /mo
UPDATED:
09/24/2024 03:54 PM
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
Subdivision Village Elk River
MLS Listing ID 6431730
Year Built 2022
Annual Tax Amount $4,444
Tax Year 2023
Contingent Other
Lot Dimensions 179x150x141x155
Property Description
6.79% Cap Rate. 2022 built Caribou Cabin with prime Hwy 10 frontage. Triple net lease with 8.5 years remaining of the initial 10-year term. 10% rent increase after year 5. Three additional 5-year options with 10% rent increases after the initial 10-year term.
Location
State MN
County Sherburne
Zoning Business/Commercial
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building, Land, Leases
Fireplace No
Exterior
Garage Parking Lot
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Roof Type Metal
Present Use Food Service
Parking Type Parking Lot
Building
Lot Description Corner Lot
Foundation 605
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone,Fiber Cement,Metal Siding,Wood Siding
Schools
School District Elk River
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Listed by Dustin Heggem • Acuity Group
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