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Northlake Center III 14162 Commerce Ave NE

9,340 SF Office Building Prior Lake, MN 55372 $2,200,000 ($236/SF) 4.50% Cap Rate

Office Space Minnesota Prior Lake 14162 Commerce Ave NE, Prior Lake, MN 55372

Investment Highlights

  • Corner of two county roads

Executive Summary

Great investment opportunity to own commercial / retail office space on Corner of County Roads 13 and 42. Currently, 80% rented with 5 total units. 2 other buildings also available in a 3 building package ($327,000 annual rent and approx. 3 acres)

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
9,340 SF
Building Class
C
Year Built
1997
Price
$2,200,000
Price Per SF
$236
Cap Rate
4.50%
NOI
$99,000
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,340 SF
Building FAR
0.26
Lot Size
0.82 AC
Zoning
B-1 - Commercial
Parking
20 Spaces (2.14 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage
1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25-445-001-0
  • 25-445-002-0
  • 25-194-003-0
  • 25-445-004-0
 Improvements Assessment $872,000
Land Assessment $1,172,100 Total Assessment $2,044,100

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25-445-001-0
  • 25-445-002-0
  • 25-194-003-0
  • 25-445-004-0
Land Assessment
$1,172,100
Improvements Assessment
$872,000
Total Assessment
$2,044,100
(612) 269-8914

Contact

  • Listing ID: 33585496

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 14162 Commerce Ave NE, Prior Lake, MN 55372

More public record information on 14162 Commerce Ave NE, Prior Lake, MN 55372

The Office Property at 14162 Commerce Ave NE, Prior Lake, MN 55372 is currently available for sale. Contact RE/MAX Advantage Plus for more information.

Office PROPERTIES IN NEARBY NEIGHBORHOODS

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Northlake Center III | 14162 Commerce Ave NE
(612) 269-8914 x

Northlake Center III | 14162 Commerce Ave NE

Lee Bernick

(612) 269-8914

(612) 269-8914

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