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Active
Listed
$2,850,000
/mo   Edit
MLS# 5244194
Commercial
Built 1952
0.71 acres
Robbinsdale schools
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    Description:   Available for sale is the Crystal Retail Center located in Crystal, MN, which is a multi-tenant retail investment property along Bass Lake Rd/Co. Road 10. The offering includes nearly the whole block which can be assembled for redevelopment, and sits just north of the proposed blue line light rail extension. As an investment, the Property currently is 98% occupied, has one vacant suite, and the 5 parcels (PID 0511821410121, 0511821410113, 0511821410116, 0511821410105 & 0511821410104) combine for a total of 27, 014 rentable square feet with tenant parking on the north side and free City of Crystal parking on west and east ends of the Center. The Property is less than 2 miles from I-694 and MN-100 and approximately 20 minutes from downtown Minneapolis. This property has strong rental history and its businesses have a loyal customer base.
    List Price: $2,850,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1952
    City: Crystal
    Zip Code: 55428

    Interior

    Building Fin Sq Ft: 27,014 ft²
    Basement Details: Partial, Slab

    Exterior

    Air Conditioning: Central
    Heating System: Forced Air
    Foundation Size: 27,014 ft²
    Handicap Accessible: No Stairs Internal, No Stairs External
    Exterior Material: Brick/Stone, Cement Board, Metal
    Garage Spaces: 0
    Other Parking Spaces: 6

    Lot

    Acres: 0.71
    Lot Description: City Bus (w/in 6 blks), Additional Land Available, Other
    Latitude: 45.05486500
    Longitude: -93.36136300
    Lot Size Dim.: 30521
    Dev/Complex Name: Kensey Manor
    Zoning: Business/Commercial

    Schools

    School District: 281 - Robbinsdale
    District Phone: 763-504-8000

    Expenses

    Total Annual Expenses: $90,264

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $41,796
    Assessment Pending: No
    Taxes w/ Assessments: $41,796

    Income

    Annual Gross Income: 340068.00

    Rent

    Annual Net Income: $249,804

    Unit

    Total Units: 19

    Miscellaneous

    Current Use: Retail, Business Service, Professional Service, Commercial
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Leases, Building, Land
    Sewer System: City Sewer/Connected
    Utilities: Heating Common, Hot Water Common, Electric Separate
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Jason
    Roaldson
    CrossCountry
    Jeff
    Zajac
    TruStone
    Brian
    Fulcher
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    Jason Roaldson
    Premier Loan Officer
    CrossCountry Mortgage NMLS#308253
    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.
    612.268.1503

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