For Sale: Minneapolis MLS# 6659848
Active
NEW!
$2,100,000
Commercial: Other
Built 1965
0.15 acres
Minneapolis schools
MLS# 6659848
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Property Description
This is a medical-office, single tenant, triple-net lease property - in Linden Hills.
Tenant is a dermatology group with 7 metro locations.
Tenant pays all expenses. Tenant also pays 4% management fee - $7, 500 in 2024.
Newly renovated. Award-winning build-out design by Mohagen Hansen Architects. Completed 2022.
Lease term remaining is 6-years, plus 5-year extension option. 2% annual rent increase. Tenant is
vested - paid $950, 000 on total $1.2 million bid-out.
Ideal real estate investment in Linden Hills. Net income without operating headaches.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,100,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1965
State:
MN
Property Style:
Other
Zip Code:
55410
Neighborhood/Area:
Linden Hills
Subdivision Name:
First Div Of Remington Park
Interior
Basement Details:
Full
Exterior
Garage Spaces:
0
Other Parking Spaces:
8
Air Conditioning:
Central Air, Zoned
Foundation Size:
2,200 ft2
Handicap Accessible:
Doors 36"+, Accessible Elevator Installed, Partially Wheelchair
Heating System:
- Forced Air
- Zoned
Parking Features:
- Asphalt
- Guest Parking
- Paved
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.15
Geolocation:
44.924821, -93.314112
Inclusions:
Building, Leases
Lot Dimensions:
Irregular rectangle
Zoning:
- Business/Commercial
- Other
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$56,989
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$56,989
Income
Annual Gross Income:
$120,420
Units
Total Units:
1
Miscellaneous
Current Use:
- Commercial
- Office
- Retail
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
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 Keller Williams Realty Integrity Lakes.
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.