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Active
$349,000
/mo Edit
Commercial:  Business,Office,Retail
Built 1980
0.26 acres
Glencoe-Silver Lake schools
MLS# 6602993
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    Property Description

    Take a look at this 8000+ square foot building. This property is located in downtown Glencoe along State Highway 22. The property is currently 2 units. Any retail or service business would be a perfect fit for this property. The building was built in 1980 and is a concrete building, with a dock in the rear of the building. There is on street parking and about 5 stalls of off-street parking in the back. This property will have a new roof installed as part of the sale. Great property!!!

    Listing

    Contingency: None
    City: Glencoe
    County: McLeod
    State: MN
    Property Style: Business, Office, Retail
    Zip Code: 55336
    Subdivision Name: Town Of Franklin

    Interior

    Ceiling Height: 8-10
    Basement Details: Slab

    Exterior

    Stories: One
    Garage Spaces: 0
    Other Parking Spaces: 5
    Air Conditioning: Central Air
    Foundation Size: 8,229 ft2
    Foundation Dimensions: 85x97
    Handicap Accessible: Grab Bars In Bathroom, No Stairs Internal
    Road Responsibility: Public Maintained Road
    Heating System:
    • Forced Air
    • Outdoor Furnace
    Parking Features:
    • Gravel
    • Other
    • Parking Lot
    Shared Amenities: Dock
    Unit Amenities: Dock
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • State Road
    • Storm Sewer
    • Street Lights
    Exterior Material:
    • Block
    • Brick/Stone
    Roof Details:
    • Age 8 Years or Less
    • Flat
    • Rubber

    Lot & Land

    Acres: 0.26
    Geolocation: 44.768769, -94.152431
    Inclusions: Building
    Lot Dimensions: 86 x 132
    Zoning: Business/Commercial
    Lot Description: Irregular Lot

    Farm

    Topography: Level

    Schools

    School District: 2859
    District Phone: 320-864-2498

    Expenses

    Annual Caretaker Expense: $2,245
    Annual Insurance Expense: $1,524
    Annual Gross Expense: $25,503
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $9,438
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,438

    Income

    Annual Gross Income: $31,200

    Rent

    Annual Net Income: $5,697

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Commercial
    • Office
    • Professional Service
    • Professional/Office
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Common
    Water System: City Water/Connected

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    Listing provided by RMLS, courtesy of Priority One-Metrowest Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.