Skip To Content

324 Lowell Avenue NW

Elk River, MN 55330
  • $1,450,000
  • STATUS: Active
  • ON SITE: 217 Days
  • ID#: 6431730
Price Reduced
$1,450,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 605
    SQFT
  • $2,397
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2022
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of Acuity Group.

Description

6.55% Cap Rate. 2022 built Caribou Cabin with prime Hwy 10 frontage. Triple net lease with 9 years remaining of the initial 10-year term. 10% rent increase after year 5. Three additional 5-year options with 10% rent increases after the initial 10-year term.

Monthly Payment Calculator



IDX data © 2024 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 2024-04-17T23:47:23.207.

Click here for Digital Millennium Copyright Act
www.theduddingstongroup.com/homes/143353477
Print Image

324 Lowell Avenue NW Elk River, MN 55330

  • Price: $1,450,000
  • Status: Active
  • On Site: 217 Days
  • ID#: 6431730
0
Beds
0
Baths
0
½ Baths
N/A
Acres
605
SQFT
$2,397
$/SQFT
2022
Built
Neighborhood:
Village Elk River
County:
Sherburne
School District:
728 - Elk River
Property Description
6.55% Cap Rate. 2022 built Caribou Cabin with prime Hwy 10 frontage. Triple net lease with 9 years remaining of the initial 10-year term. 10% rent increase after year 5. Three additional 5-year options with 10% rent increases after the initial 10-year term.
Exterior Features

Construction Materials Brick/StoneFiber CementMetal SidingWood Siding Foundation Area 605 Lot Features Corner Lot Lot Size Dimensions 179x150x141x155 Parking Features Parking Lot Parking Open 19 Road Frontage Type City StreetPaved Streets Roof Metal

Interior Features

Cooling Central Air Heating Forced Air

Property Features

Accessibility Features No Stairs Internal Additional Parcels YN No Assessment Pending No Contingency None Current Use Food Service Expenses 0.0000 Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Gross Income 95000 Inclusions BuildingLandLeases Land Lease YN No Lender Owned No Net Operating Income 95000 Operating Expense 0 Postal City Elk River Potential Short Sale No Rental License YN No Road Responsibility Public Maintained Road Sewer City Sewer/Connected Tax Annual Amount 4444 Tax With Assessments 4444.0000 Tax Year 2023 Tenant Pays All UtilitiesInsuranceGrounds CareRepairsOtherSnow RemovalTaxesWater Utilities Electric SeparateHeating SeparateHot Water Separate Water Source City Water/Connected Zoning Description Business/Commercial

NorthstarMLS] logo © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Acuity Group: . 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 © 2024 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 2024-04-17T23:47:23.207.

Click here for Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/northstar/1280_boomver_3_6431730-2.jpg https://bt-photos.global.ssl.fastly.net/northstar/1280_boomver_3_6431730-2.jpg https://bt-photos.global.ssl.fastly.net/northstar/1280_boomver_3_6431730-2.jpg
Logo
The Duddingston Group | Keller Williams Premier Realty
264 West Seventh Street
Saint Paul MN, 55102
NorthstarMLS] logo Listing courtesy of Acuity Group.