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1st Floor - Unit 8
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Flex
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11,536 SF
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$2,400,000 USD
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Unit Size: 11,536 SF
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Condo Use: Flex
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Price: $2,400,000 USD
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Sale Type: Investment
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Price/SF: $208.04 USD
Description
55+ 1-Level rental community built in 2020. Hard to find investment opportunity. Community consists of 4 twin homes (8 units). Each unit has a separate PID to provide for residential v.s commercial property tax rate and ease of forming association if owner wanted to sell units individually. Units boast a great floorplan and are well appointed. Very stable and loyal tenant base that have been taking great care of their respective units. Conveniently located on a quiet cul-de-sac and close to local shopping and the Hwy 101/169 corridor.
Sale Notes
Positioned in Elk River's established commercial market, this commercial condominium presents an opportunity for businesses and investors seeking a well-located asset in a growing northwest Twin Cities community. The property's efficient design supports a range of operational uses, while its location provides convenient access to major roadways connecting users throughout the Minneapolis-St. Paul metropolitan area. Surrounded by a mix of commercial and industrial activity, the property offers functionality, accessibility, and long-term ownership potential for a variety of business needs.
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Dustin Heggem
Acuity Group