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PRICE $549,900 dsIDX morgage calculator
SIZE n/a
LOT SIZE 19,602 sqft

Affordable commercial investment opportunity in Princeton, MN. The Creamery Professional Building is a stand-alone, brick corner building converted many years ago into office space. This building is fully leased on both the main & upper levels with 2 separate tenants from the same organization, M Health-Fairview Health Services. The main level (5,596 SF) tenant has been in the building for nearly 25 years & is leased through 2/28/2022. The upper level (3,630 SF) tenant for 9 years & is leased through 5/31/2022. Tenants pay operating costs & Landlord pays taxes. Property is zoned B-1 Central Business. Parking lot (resurfaced 2017) has 26 space & 11 curbside spaces + additional free street parking. Roof was replaced 2012, tuckpointing 2011, & HVAC systems replaced 2016. Exterior painting completed 2020. This building has been meticulously cared for& family owned for decades. No elevator or sprinkler system are required in this building. Interior of building is free of asbestos.

TRACT Damons Add YEAR BUILT 1923
COMMUNITY Damons Add COUNTY Mille Lacs
STATUS Active PROPERTY TYPE(S) Commercial

SCHOOLS
School District Princeton


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA Damons Add
CONSTRUCTION Brick/Stone
HEAT Forced Air, Fuel - Natural Gas
LOT 0.45 acre(s)
LOT DIMENSIONS 148x132x148x133
PARKING Open,Paved,Unassigned, Parking Open - 37
SEWER City Sewer/Connected
SUBDIVISION Damons Add
TAXES 9848
UTILITIES Heating Common,Electric Common,Hot Water Common
WATER City Water/Connected
ZONING Business/Commercial
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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*Estimate only
Listed with RE/MAX Results
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