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120 S Rum River Drive

Princeton, MN 55371
  • $1,800,000
  • STATUS: Active
  • ON SITE: 171 Days
  • ID#: 6179060
UPDATED: 20 min ago
$1,800,000
  • 0
    BEDS
  • 1.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 43,000
    SQFT
  • $42
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1981
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Coldwell Banker Commercial.

Description

Multi-tenant strip center in Princeton, MN. High traffic location on Rum River Drive, the primary thoroughfare running between Highways 95 and 169. Great location in the heart of Princetons central business district. Building consists of approximately 43,000 total square feet. There is an excellent mix of 14 national, regional and local tenants occupying space in the building. Diverse blend of tenants, consisting of Napa Auto Parts, H&R Block, Centracare, Dominos, and many more. Property is currently approximately 75% occupied. There is a vacant section of the building (approx. 9,500 SF) that the seller recently had plans drawn up to split up the space and lease to smaller tenants. Excellent value add opportunity to purchase this property at very low price per square foot ($41/SF), add capital for property enhancements, and increase leasing efforts to improve occupancy and boost property performance/net operating income.

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IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Duddingston Group | Keller Williams Premier Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Duddingston Group | Keller Williams Premier Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Duddingston Group | Keller Williams Premier Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-10-03T10:22:32.09.

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120 S Rum River Drive Princeton, MN 55371

  • Price: $1,800,000
  • Status: Active
  • On Site: 171 Days
  • Updated: 20 min ago
  • ID#: 6179060
0
Beds
0
Baths
0
½ Baths
1.31
Acres
43,000
SQFT
$42
$/SQFT
1981
Built
Neighborhood:
Damons Add
County:
Mille Lacs
School District:
477 - Princeton
Property Description
Multi-tenant strip center in Princeton, MN. High traffic location on Rum River Drive, the primary thoroughfare running between Highways 95 and 169. Great location in the heart of Princetons central business district. Building consists of approximately 43,000 total square feet. There is an excellent mix of 14 national, regional and local tenants occupying space in the building. Diverse blend of tenants, consisting of Napa Auto Parts, H&R Block, Centracare, Dominos, and many more. Property is currently approximately 75% occupied. There is a vacant section of the building (approx. 9,500 SF) that the seller recently had plans drawn up to split up the space and lease to smaller tenants. Excellent value add opportunity to purchase this property at very low price per square foot ($41/SF), add capital for property enhancements, and increase leasing efforts to improve occupancy and boost property performance/net operating income.
Exterior Features

Construction Materials Brick/Stone Foundation Area 43000 Lot Size Dimensions 165 X 345 Parking Features OtherPaved Parking Open 150

Interior Features

Heating Forced Air

Property Features

Accessibility Features No Stairs ExternalNo Stairs Internal Additional Parcels YN No Assessment Pending No Contingency None Current Use AutomotiveCommercialOfficeOtherProfessional ServiceRestaurantRetail Foreclosure Status No Fuel Natural Gas Inclusions BuildingLeases Land Lease Amount 0 Lender Owned No Postal City Princeton Potential Short Sale No Property Sub Type Retail Rental License YN No Sewer City Sewer/Connected Tax Annual Amount 21186 Tax With Assessments 21186.0000 Tax Year 2021 Utilities Electric SeparateHeating Separate Water Source City Water/Connected Zoning Description Business/Commercial

NorthstarMLS] logo © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Coldwell Banker Commercial: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Duddingston Group | Keller Williams Premier Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Duddingston Group | Keller Williams Premier Realty is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Duddingston Group | Keller Williams Premier Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-10-03T10:22:32.09.

Click here for Digital Millennium Copyright Act
 
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The Duddingston Group | Keller Williams Premier Realty
264 West Seventh Street
Saint Paul MN, 55102
NorthstarMLS] logo Listing courtesy of Coldwell Banker Commercial.