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Northlake Center III 14162 Commerce Ave NE

9,340 SF 100% Leased Office Building Prior Lake, MN 55372 £1,721,390 (£184/SF) 4.50% Net Initial Yield

Investment Highlights

  • corner of 2 county roads

Executive Summary

Great investment opportuniity to own commercial / retail office space on Corner of Couty Rds 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 or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
9,340 SF
Building Class
C
Year Built
1997
Price
£1,721,390
Price Per SF
£184
Net Initial Yield
4.50%
NOI
£77,463
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
9,340 SF
Building FAR
0.26
Land Acres
0.82 AC
Zoning
B-1 - Commercial
Parking
20 Spaces (2.14 Spaces per 1,000 SF Leased)

Amenities

  • Bus Route
  • 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 £682,296
Land Assessment £917,110 Total Assessment £1,599,406

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25-445-001-0
  • 25-445-002-0
  • 25-194-003-0
  • 25-445-004-0
Land Assessment
£917,110
Improvements Assessment
£682,296
Total Assessment
£1,599,406
(612) 269-8914

  • Listing ID: 33585496

  • Date on Market: 21/10/2024

  • 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 NEIGHBOURHOODS

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© 2024 CoStar Group

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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