Pending: Alexandria MLS# 7058350
Pending
$825,000
Commercial: 1 Story
Built 2018
4.15 acres
Alexandria schools
MLS# 7058350
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
High visibility storage business with large units and excellent occupancy! Located in the heart of lakes country and within a mile of the Alexandria Chain of Lakes, you couldn't ask for a better spot to operate. This offering includes 40 units that are currently leased out plus 3 additional parcels/pads to significantly increase your unit count and NOI. Over the years, occupancy rate has ran nearly 100% with a waiting list when a unit becomes available. As part of a small association, the common area is maintained for ease of management. Always liked the idea of passive income or maybe you are ready to expand your portfolio? Here is a great opportunity ready for you today. Ever wonder why storage businesses very seldom come up for sale?...
Listing
Listing Status:
Pending
Contingency:
None
List Price:
$825,000
Property Type:
Commercial
City:
Alexandria
Garage Spaces:
40
County:
Douglas
Year Built:
2018
State:
MN
Property Style:
1 Story
Zip Code:
56308
Subdivision Name:
Longboat Commons
Exterior
Stories:
One
Garage Spaces:
40
Foundation Size:
14,108 ft2
Handicap Accessible:
No Stairs External, No Stairs Internal
Road Responsibility:
Association Maintained Road, Public Maintained Road
Heating System:
None
Parking Features:
Gravel
Road Frontage:
- Paved Streets
- Unpaved Streets
Roof Details:
Metal
Lot & Land
Acres:
4.15
Geolocation:
45.931983, -95.31873
Inclusions:
Building, Business, Land, Leases
Lot Dimensions:
Multiple
Addl Parcels:
Multiple
Zoning:
Other
Lot Description:
Additional Land Available
Farm
Topography:
Level
Schools
School District:
206
District Phone:
3207622141
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,318
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,318
Income
Annual Gross Income:
$79,500
Rent
Annual Net Income:
$52,684
Units
Total Units:
43
Miscellaneous
Current Use:
Storage Facility
Fuel System:
Other
Owner Occupied:
No
Sewer System:
None
Available Utilities:
Electric Separate
Water System:
None
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
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.