Elbow Lake, MN 56531,611 Industrial Park BLVD
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Elbow Lake, MN 56531,611 Industrial Park BLVD
Elbow Lake, MN 56531,611 Industrial Park BLVD
Elbow Lake, MN 56531,611 Industrial Park BLVD
Elbow Lake, MN 56531,611 Industrial Park BLVD

$200,000

Est. payment /mo

$225,000

11.1%
Est.Price: ?

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611 Industrial Park BLVD Elbow Lake, MN 56531

1.05 Acres Lot

SOLD DATE : 04/28/2022

Key Details

Sold Price $200,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 6169177

Sold Date 04/28/22

Year Built 1978

Annual Tax Amount $3,808

Tax Year 2021

Contingent None

Lot Size 1.050 Acres

Acres 1.05

Lot Dimensions 216x214

Property Description

A great investment opportunity awaits in this 10,000+ square foot commercial space in the Elbow Lake Industrial Park. This property is currently leased by a state agency through November of 2024 with the likelihood of renewal for the foreseeable future and is offered at a cap rate of 9.7%. You'll appreciate the large entry with two private offices, kitchenette, 2 bathrooms, in addition to a variety of spaces throughout the office and warehouse complex, including over 2,000 additional square feet of storage on the second level of the primary building. Other perks include a large concrete pad surrounding the building, numerous overhead doors and points of access, a bi-fold door on the rear most recent addition, and headroom ranging from 11 - 16 feet.

Location

State MN

County Grant

Zoning Industrial

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Appliance Electric Water Heater

Exterior

Garage Concrete

Garage Spaces 3.0

Utilities Available Electric Common, Heating Common

Roof Type Metal

Present Use Other

Building

Story One

Foundation 8295

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

Structure Type Steel Siding

Schools

School District West Central Area

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Listed by Andrew Yaggie • eXp Realty

Michael Finstad

Broker Associate | License ID: #20414120

+1(612) 245-6470

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