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Active
Listed
$499,900
/mo   Edit
MLS# 5643697
Commercial
Built 1982
0.64 acres
Owatonna schools
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    Description:   Fully Occupied and ready for new ownership! This building has 4 spacious units each featuring 4 bedrooms, 1 bathroom, living room, lots of storage. In addition, there are 5 separate office spaces, conference room, common restrooms, commercial kitchen, laundry room, and utility room. This space has so much potential to continue as a rental or expand as a business opportunity.
    List Price: $499,900
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1982
    City: Owatonna
    County: Steele
    State: MN
    Zip Code: 55060

    Interior

    Building Fin Sq Ft: 6,660 ft²
    Total Ranges: Five
    Total Refrigerators: Four

    Exterior

    Air Conditioning: Window
    Heating System: Baseboard
    Foundation Size: 6,660 ft²
    Shared Amenities: Patio
    Unit Amenities: Patio, Ceiling Fan(s)
    Handicap Accessible: No Stairs Internal, No Stairs External, Roll-In Shower, Grab Bars In Bathroom
    Exterior Material: Wood
    Garage Spaces: 1
    Other Parking Spaces: 8
    Roof Details: Asphalt Shingles

    Lot

    Acres: 0.64
    Latitude: 44.09131400
    Longitude: -93.23511800
    Lot Size Dim.: 199x141
    Dev/Complex Name: Alden
    Zoning: Business/Commercial

    Schools

    School District: 761 - Owatonna
    District Phone: 507-444-8610

    Expenses

    Annual Electric Expense: $5,300
    Annual Fuel Expense: $2,250
    Annual Insurance Expense: $3,360
    Annual Maintenance Expense: $5,300
    Annual Repair Expense: $2,400
    Annual Gross Expense: $29,204
    Total Annual Expenses: $29,204
    Annual Trash Expense: $1,200
    Annual Water/Sewer Expense: $2,000
    Owner Expenses: Taxes, Insurance, Water/Sewer, Electric, Fuel, Maintenance/Repair, Janitorial, Trash, Snow, Lawn
    Tenant Expenses: Cable T.V.

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $8,552
    Assessment Pending: No
    Taxes w/ Assessments: $8,552

    Income

    Annual Gross Income: $72,000

    Unit

    Total Units: 4

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building
    Sewer System: City Sewer/Connected
    Utilities: Heating Common, Electric Common, Hot Water Common
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jeff
    Zajac
    TruStone
    Jason
    Roaldson
    CrossCountry
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of Coldwell Banker Home Connectio.
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