$320,000

2424 E 117th Street, Burnsville, MN 55337

  • 2,688 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2001
  • Property Lot Size Icon1,742sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $119/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Great investment opportunity, easy to manage. A chiropractic clinic has been located in this location since the building was constructed in 2001. The previous owners of the clinic sold the business to the current owners who have leased the past 3 years and have signed a new 2 year lease. This is both a great cash on cash investment with a return over 9% and a high cap rate over 10%. The HOA is well run and the reserve fund is in great shape. A majority of the units are owner occupied, and the buildings and grounds are well maintained. If you are looking for a real estate investment that is very easy to manage with a nice return this is it.

Listing Status:
Pending
Listing Office:
Re/Max Advantage Plus : 952-898-5800
MLS ID:
6801894
  • Appliances: Gas Water Heater
  • Basement: Daylight/Lookout WindowsDrain TiledFinishedStorage SpaceSump BasketSump Pump
  • A/C: Central AirZoned
  • Heating: Forced Air
  • Parking: Guest ParkingParking LotPaved
  • Roofing: Age Over 8 Years
  • General: One
  • Road/Access: City StreetCurbsPaved StreetsStreet LightsStorm Sewer
  • HOA Amenities: In-Ground Sprinkler System
  • Originating MLS: northstar
  • School District: Burnsville-Eagan-Savage
  • County: Dakota
  • Topography: Level
  • Zoning: 021781501120
  • Current Use: Professional/OfficeProfessional Service
  • Utilities: Electric SeparateHeating SeparateHot Water Separate
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected
  • Source: northstar

This listing courtesy of Re/Max Advantage Plus

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

William Byrne Elementary School

11608 River Hills Dr, Burnsville, MN, 55337

Grades KG-5

0.26 miles away

B

Burnsville Area Learning Center

200 W Burnsville Pkwy, Burnsville, MN, 55337

Grades 6-12

2.47 miles away

B

Burnsville High School

600 Highway 13 E, Burnsville, MN, 55337

Grades 9-12

1.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.