6,528 SF above ground, 9,792 SF including lower level. Approximately $68,000 in place NOI/8.6% Cap Rate. (3) lower level suites available at $300 each creating potential fully occupied Cap Rate of 9.9%. C-1 Central Commercial District zoning. Great multi-tenant office building investment opportunity. Excellent downtown Elk River location. Seller is replacing the main roof, and all the asphalt shingled mansard roof spring 2020. Two above ground levels, and one lower level. Common areas include 2 stairwells, elevator, and 6 restrooms. Well maintained building with brick front, architectural mansard roof, and arched window openings. Well maintained HVAC. The parking lot is in good shape, and has ample parking with approximately 32 spots. On street parking available as well. Building signage included for tenants.
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Century 21 Vista Inc. are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Century 21 Vista Inc. is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Century 21 Vista Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.
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Listing information last updated on May 26th, 2020 at 12:20am CDT.
Listing information last updated on May 21st, 2020 at 2:47pm CDT.