Wonderful opportunity to own a well constructed fully leased Medical Office building in White Bear Lake -Easy access and great visibility - 2 of the 3 tenants are National credit. Building structure is sound enough to build an third story to add more value and tenants. Great 1031 option.
MLS ID: 6636412
Directions: 35E to W CR 96 - South on Centerville to prop
MLS #: 6636412
Listing courtesy of: Leader Real Estate Group, Inc.
Price: $3,999,000
Type: Commercial
Contingency: None
Foreclosure: No
Zoning: Business/Commercial
Current Use: Office, Professional Service
Total Units: 3
Annual Gross Income: $383,424
Net Operating Income: $236,794
Annual Gross Expense: $146,630
Annual Electric Expense: $13,000
Annual Insurance Expense: $9,400
Annual Maintenance Expense: $23,400
Annual Annual Expense: $3,600
Annual Water/Sewer Expense: $4,500
Parking Features: Parking Lot
Other Parking Spaces: 110
Owner Occupied: No
Construction Materials: Brick/Stone
AccessibilityFeatures: Fully Wheelchair
Roof: Age Over 8 Years, Flat
Heating: Forced Air
Cooling: Central Air
Style: Office
Year Built: 1986
Foundation Area: 7,366
Sewer: City Sewer/Connected
Water Source: City Water/Connected
Utilities: Electric Separate, Heating Separate, Hot Water Separate
Complex/Dev/Sub Name: Section 21 Town 30 Range 22
Lot Dimensions: Ir
District: White Bear Lake
District Number: 624
District Phone: 651-407-7500
County: Ramsey
Survey Range: 22
Survey Section: 21
Survey Township: 30
Tax Year: 2024
Tax Amount: $81,496
Assessment Pending: No
Taxes w/Assessments: $81,496
This listing was last updated by Leader Real Estate Group, Inc. on 12/3/2024 at 8:35 pm.
Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.
Records last updated at 12/22/2024 12:45 am.
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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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