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Synergy Dance | Revelation Fitness 109 Elm St

15,150 SF 100% Leased Retail Building Farmington, MN 55024 $2,450,000 ($162/SF) 8.22% Cap Rate

Mixed Use Properties Minnesota Farmington 109 Elm St, Farmington, MN 55024

Investment Highlights

  • Synergy Dance Center been a tenant since 2010 and its team has more than 30 years of industry experience
  • Adjacent to Great Oaks Academy (K-6), with 430+ students generating consistent traffic and visibility and a 10K sq ft Regional Post Office
  • New housing developments in Farmington include single-family homes, multi-family homes, townhouses, and an apartment complex.
  • Revelations Fitness is a new fitness center catering to people recovering from surgery, with injuries or seeking a new fitness environment.
  • Average household income: $141,004

Attachments

Farmington Center - CoStar MP

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,150 SF
Building Class
B
Year Built
2005
Price
$2,450,000
Price Per SF
$162
Cap Rate
8.22%
NOI
$201,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.67 AC
Zoning
R-4
Parking
100 Spaces (6.6 Spaces per 1,000 SF Leased)
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Nearby Major Retailers

Old National Bank
Anytime Fitness

PROPERTY TAXES

Parcel Number 14-25831-01-020 Improvements Assessment $1,028,200
Land Assessment $345,000 Total Assessment $1,373,200

PROPERTY TAXES

Parcel Number
14-25831-01-020
Land Assessment
$345,000
Improvements Assessment
$1,028,200
Total Assessment
$1,373,200
(612) 332-6600

Contacts

  • Listing ID: 34006068

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 109 Elm St, Farmington, MN 55024

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Synergy Dance | Revelation Fitness | 109 Elm St
(612) 332-6600 x

Synergy Dance | Revelation Fitness | 109 Elm St

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Keith Sturm

(612) 332-6600

(612) 332-6600

Amanda Leathers

(612) 436-0045

(612) 436-0045

Deborah Vannelli

(612) 376-4475

(612) 376-4475

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