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Key Details
Sold Price $310,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Cliff Cove Town Office Park
MLS Listing ID 6801894
Year Built 2001
Annual Tax Amount $6,976
Tax Year 2025
Lot Size 1,829 Sqft
Property Description
Great investment opportunity, easy to manage. A chiropractic clinic has been located in this location since the building was constructed in 2001. The previous owners of the clinic sold the business to the current owners who have leased the past 3 years and have signed a new 2 year lease.
This is both a great cash on cash investment with a return over 9% and a high cap rate over 10%. The HOA is well run and the reserve fund is in great shape. A majority of the units are owner occupied, and the buildings and grounds are well maintained.
If you are looking for a real estate investment that is very easy to manage with a nice return this is it.
Location
State MN
County Dakota
Zoning Business/Commercial
Rooms
Kitchen Other
Interior
Heating Forced Air
Cooling Central Air, Zoned
Flooring Carpet, Tile
Exterior
Parking Features Guest Parking, Parking Lot, Paved Lot
Fence None
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Roof Type Age Over 8 Years
Building
Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light
Story One
Foundation 1344
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Block,Frame
New Construction false
Schools
School District Burnsville-Eagan-Savage
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