$185.38 Per Sq Foot $3,220 est/mo Sourced by Back At You

2535 Condon Court,Mendota Heights, MN 55120

Mendota Heights MN, 55120

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Description

Great opportunity for an investor. 7.0+% Cap Rate on this Double Net Leased Property. This large lot at a cul-de-sac is a commercial building that is 100% occupied by the Bridge Autism Clinic who operates during daily normal business hours. They have more than 3 years left on their lease with annual increases. Tenant pays for all operating expenses except Taxes and Insurance. Has had many upgrades within the past few years. Great Unique Investment Opportunity!

Details

MLS#6432139
Listing TypeFor Sale
StyleOffice Building
Sub-TypeResale
StatusActive
Year1977
Days On Site311
Listing Provided ByBlackbridge Real Estate | Thomas J. Gergen
Buying Commision2.00%

Features

SQ Feet3,236
Units1
ZoningBusiness/Commercial
Acreage0.38

Market Activity 55120

 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of July 19, 2024 at 9:47:07 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Listings Checked: 35 seconds ago
StateMN
CountyDakota
CityMendota Heights
Zip Code55120
School District197
Listing VS Median (in 55120)
Price:
$599,900
low | high
Med:
$637,400
43.748958159693% of Average
SqFt:
3,236
low | high
Med:
3,041
56.041409147095% of Average
$ / SqFt:
$185
low | high
Med:
$220
31.266674821932% of Average
On Site:
311
low | high
Med:
112.000000
100% of Average
Sourced by Back At You
Listing Updated: July 12, 2024 at 3:57:30 AM PDT