16991 198th AVE NW, Big Lake, MN 55309
16991 198th AVE NW, Big Lake, MN 55309
16991 198th AVE NW, Big Lake, MN 55309
33
$725,000
$750,000
3.3%
Est.Price: ?

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1.23 Acres Lot

16991 198th AVE NW Big Lake, MN 55309

Est. payment /mo
SOLD DATE : 06/16/2022

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Key Details

Sold Price $725,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Big Lake Marketplace Second Ad

MLS Listing ID 6184277

Sold Date 06/16/22

Year Built 2007

Annual Tax Amount $13,264

Tax Year 2022

Contingent None

Lot Size 1.230 Acres

Lot Dimensions 199 x 275

Property Description

Park Dental Net-Lease Investment. The tenant, has been in this location for 5 years and just renewed for another 3 years showing commitment to this location and market. +/- 3.5 years remaining on the lease with a 12/31/2025 expiration. Tenant has (2) additional 3 year options to renew. Seller built the property in 2007 with excellent detail and construction quality, and sold their Dental Practice to Park Dental at the end of 2017. Strong tenancy with -52 Park Dental locations throughout MN. Tenant pays Base Rent, CAM, Property Insurance, and 90% of the Property Taxes. The Site also offers the ability to expand with another shovel-ready 3,100-4,000 SF building on the south side- utilities, curbs, and parking already in place for the potential expansion. This would allow tenant to expland in the future if needed with growth or add another building for additional income with another Tenant. Strong market + Internet & COVID proof tenancy. Excellent affordable pricing at only $750,000

Location

State MN

County Sherburne

Zoning Business/Commercial

Rooms

Basement None

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Parking Features Asphalt, Paved, Open

Utilities Available Heating Common

Roof Type Asphalt,Pitched

Present Use Professional/Office,Commercial,Office,Professional Service

Building

Lot Description Irregular Lot

Story One

Foundation 2967

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

Structure Type Fiber Cement,Shake Siding

Schools

School District Big Lake

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Listed by Mark Hulsey • RE/MAX Results

NEARBY SCHOOLS & BUSINESSES

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Anne Anderson

Anne Anderson

Agent License ID: 20614676

+1(651) 428-6529

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