Sandstone, MN 55072,54366 County Hwy 61
See all 31 photos
Sandstone, MN 55072,54366 County Hwy 61
Sandstone, MN 55072,54366 County Hwy 61
Sandstone, MN 55072,54366 County Hwy 61
Sandstone, MN 55072,54366 County Hwy 61

$430,000

Est. payment /mo

$429,000

0.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

54366 County Hwy 61 Sandstone, MN 55072

SOLD DATE : 11/30/2023

Key Details

Sold Price $430,000

Property Type Commercial

Sub Type Industrial,Office,Other,Warehouse

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 6449869

Sold Date 11/30/23

Year Built 2002

Tax Year 2023

Contingent None

Lot Dimensions 686x485x677x386

Property Description

Investment Property for sale. Excellent cap rate.
Strong Credit Tenant (BNSF) for your investor's portfolio.
Taxes are TED as this is currently a city building.
See encroachment agreement in supplements for the septic system.
$38,500 annual income on a NNN Lease with 3% annual increases in base rent.

5 Year Lease term until June 30th, 2026.
Landlord and Tenant may agree to extend for another 5 years if desired by both parties at a new rate at any time during the current term. The option is not mandatory to the Landlord.
The property boasts a total of 7,200 Square feet with 3 offices, a generous conference room/common space, 2 bathrooms, ample storage, and a large shop. 1-14 foot garage door and 3 - 13 foot garage doors. Generous parking, concrete aprons and an additional large lean to storage building. Property located just off interstate 35.
Buyers agent to verify all measurements.

Location

State MN

County Pine

Zoning Business/Commercial

Rooms

Basement None

Interior

Heating Radiant Floor, Radiant

Cooling Wall Unit(s)

Fireplace No

Exterior

Parking Features Attached Garage, Covered, Gravel, Concrete, Floor Drain, Garage Door Opener, Guest Parking, Heated Garage, Insulated Garage, Multiple Garages, Other, More Parking Onsite for Fee, Shared Garage/Stall, Open

Garage Spaces 4.0

Utilities Available Electric Common, Heating Common, Hot Water Common

Present Use Commercial,Industrial,Office,Other,Storage Facility,Warehouse

Building

Foundation 7200

Sewer Mound Septic, Private Sewer

Water Drilled, Private, Well

Structure Type Metal Siding

Schools

School District East Central

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Loreal Lindstrom • Realty Group LLC

Michael Finstad

Broker Associate | License ID: #20414120

+1(612) 245-6470

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.