$549,900

110 6th Avenue S

Princeton MN, 55371

Description

Affordable commercial investment opportunity in Princeton, MN. The Creamery Professional Building is a stand-alone, brick corner building converted many years ago into office space. This building is fully leased on both the main & upper levels with 2 separate tenants from the same organization, M Health-Fairview Health Services. The main level (5,596 SF) tenant has been in the building for nearly 25 years & is leased through 2/28/2022. The upper level (3,630 SF) tenant for 9 years & is leased through 5/31/2022. Tenants pay operating costs & Landlord pays taxes. Property is zoned B-1 Central Business. Parking lot (resurfaced 2017) has 26 space & 11 curbside spaces + additional free street parking. Roof was replaced 2012, tuckpointing 2011, & HVAC systems replaced 2016. Exterior painting completed 2020. This building has been meticulously cared for& family owned for decades. No elevator or sprinkler system are required in this building. Interior of building is free of asbestos.

Details

MLS#5658144
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1923
Days On Site15

Features

Market Activity 55371

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Area Information
StateMN
CountyMille Lacs
CityPrinceton
Zip Code55371
Listing VS Median (in 55371)
Price:
$549,900
low | high
Med:
$259,900
100% of Average
On Site:
15
low | high
Med:
146
10.27397260274% of Average
Listing Updated: 09/23/2020
Results Commercial LogoMLS Number: 5658144
Listing Provided By:
Results Commercial  of  RE MAX Results

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