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Northlake Center III 14162 Commerce Ave NE

9,340 SF Office Building Prior Lake, MN 55372 $3,186,480 CAD ($341 CAD/SF) 4.50% Cap Rate

Office Space Minnesota Prior Lake 14162 Commerce Ave NE, Prior Lake, MN 55372

Investment Highlights

  • Corner of two county roads

Executive Summary

Great investment opportunity to own commercial / retail office space on Corner of County Roads 13 and 42. Currently, 80% rented with 5 total units. 2 other buildings also available in a 3 building package ($327,000 annual rent and approx. 3 acres)

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
9,340 SF
Building Class
C
Year Built
1997
Price
$3,186,480 CAD
Price Per SF
$341 CAD
Cap Rate
4.50%
NOI
$143,392 CAD
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,340 SF
Building FAR
0.26
Lot Size
0.82 AC
Zoning
B-1 - Commercial
Parking
20 Spaces (2.14 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage
1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25-445-001-0
  • 25-445-002-0
  • 25-194-003-0
  • 25-445-004-0
 Improvements Assessment $1,256,465 CAD
Land Assessment $1,688,879 CAD Total Assessment $2,945,344 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25-445-001-0
  • 25-445-002-0
  • 25-194-003-0
  • 25-445-004-0
Land Assessment
$1,688,879 CAD
Improvements Assessment
$1,256,465 CAD
Total Assessment
$2,945,344 CAD
(612) 269-8914

Contact

  • Listing ID: 33585496

  • Date on Market: 2024-10-21

  • Last Updated:

  • Address: 14162 Commerce Ave NE, Prior Lake, MN 55372

The Office Property at 14162 Commerce Ave NE, Prior Lake, MN 55372 is currently available for sale. Contact RE/MAX Advantage Plus for more information.

Office PROPERTIES IN NEARBY NEIGHBORHOODS

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Northlake Center III | 14162 Commerce Ave NE
(612) 269-8914 x

Northlake Center III | 14162 Commerce Ave NE

Lee Bernick

(612) 269-8914

(612) 269-8914

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