$180,000
$175,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 09/09/2020
Key Details
Sold Price $180,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Coles Of Pequot
MLS Listing ID 5625499
Sold Date 09/09/20
Year Built 2000
Annual Tax Amount $5,185
Tax Year 2020
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60x100
Property Description
Excellent opportunity to invest in the Pequot Professional Center located along Main Street (CR 11) in Pequot Lakes. Approximately 2,664 square feet is leased by three tenants leaving 888 square feet available for a new tenant. Priced at an approximate 12% cap rate with the opportunity to increase cash flow by leasing the vacant unit.
Location
State MN
County Crow Wing
Zoning Business/Commercial
Rooms
Basement Partial, Storage Space, Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Garage On-Street Parking Only, Other, Open
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Roof Type Asphalt
Present Use Professional/Office, Commercial, Office, Professional Service
Parking Type On-Street Parking Only, Other, Open
Building
Lot Description Corner Lot
Story One
Foundation 3552
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Log Siding
Schools
School District Pequot Lakes
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Get More Information