For Sale: Burnsville MLS# 6657283
Active
$499,999
Commercial: Office
Built 2006
Burnsville-Eagan-Savage schools
MLS# 6657283
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Property Description
Investment Opportunity in a Prime Commercial Location
Presenting a fully leased commercial property featuring 17 offices and 4, 000 square feet of versatile space. Currently cash flowing through short-term rentals, this asset offers a robust 7.4% cap rate, making it an ideal choice for both owner-occupants and savvy investors. Don't miss the chance to secure a property with immediate income potential and growth opportunities. Schedule your viewing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$499,999
Property Type:
Commercial
City:
Burnsville
Garage Spaces:
0
County:
Dakota
Year Built:
2006
State:
MN
Property Style:
Office
Zip Code:
55306
Subdivision Name:
Earley Lake Office Park Two
Interior
Ceiling Height:
11-15
Appliances Included:
- Microwave
- Refrigerator
Basement Details:
- Finished
- Full
- Walkout
Exterior
Garage Spaces:
0
Other Parking Spaces:
170
Air Conditioning:
Central Air
Foundation Size:
1,472 ft2
Handicap Accessible:
Doors 36"+, Grab Bars In Bathroom, Hallways 42"+, Accessible for Hearing-Impairment, Wheelchair Ramp(s)
Road Responsibility:
Association Maintained Road
Heating System:
Forced Air
Parking Features:
Parking Lot
Exterior Material:
Vinyl Siding
Lot & Land
Geolocation:
44.736103, -93.299313
Inclusions:
Building, Leases
Lot Dimensions:
1
Addl Parcels:
022255101403
Zoning:
Business/Commercial
Schools
School District:
191
District Phone:
952-707-2000
Expenses
Annual Gross Expense:
$25,430
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,948
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,948
Income
Annual Gross Income:
$64,000
Rent
Annual Net Income:
$38,570
Units
Total Units:
16
Unit Number:
1509
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Office
- Professional Service
- Professional/Office
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Common
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Tompkins Investments LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.