18 3rd Avenue SE

    Norwood Young America, MN 55397
    • $628,000
    • STATUS: Active
    • ON SITE: 99 days
    • ID#: 5321188
    Foreclosure
    UPDATED: 31 min ago
    $628,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,546
      SQFT
    • $43
      $/SQFT
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    School District:
    Listing courtesy of Coldwell Banker Burnet.

    Description

    The Feed Mill Building, with its amazing lake views, is a fantastic business opportunity. This 14,816 sf building will work for one or multiple tenants. Use a portion of this building for your business and lease the rest. As you will see on the attached projected pro-forma, based on a $5.00-$7.50 per sf lease (13,544 sf rentable), 10.5% Cap rate and 21% Cash on Cash return. The building is in great condition. The Feed Mill Building could be turn-key for an owner-occupied that would like to open an event center or restaurant with entertainment, which it is currently zoned for. Zoned C-3; specialized service, retail and office and its existing commercial kitchen just passed Health Department inspection. The back deck has beautiful views of Young America lake. The former owner put many high-end touches into this building. The floor plan flow is truly unique. As the population of the region has grown, so has the variety of industries, services, and businesses located in the ar

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    IDX data © 2020 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 FindLKMTKAHomes.com Team 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. FindLKMTKAHomes.com Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of FindLKMTKAHomes.com Team, 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 2020-01-20T15:08:11.86.

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    www.findlkmtkahomes.com/homes/99904552

    18 3rd Avenue SE Norwood Young America, MN 55397

    • Price: $628,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: 5321188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    14,546
    SQFT
    $43
    $/SQFT
    1900
    Built
    County:
    Carver
    Area:
    Norwood Young America
    School District:
    108 - Central
    Property Description
    The Feed Mill Building, with its amazing lake views, is a fantastic business opportunity. This 14,816 sf building will work for one or multiple tenants. Use a portion of this building for your business and lease the rest. As you will see on the attached projected pro-forma, based on a $5.00-$7.50 per sf lease (13,544 sf rentable), 10.5% Cap rate and 21% Cash on Cash return. The building is in great condition. The Feed Mill Building could be turn-key for an owner-occupied that would like to open an event center or restaurant with entertainment, which it is currently zoned for. Zoned C-3; specialized service, retail and office and its existing commercial kitchen just passed Health Department inspection. The back deck has beautiful views of Young America lake. The former owner put many high-end touches into this building. The floor plan flow is truly unique. As the population of the region has grown, so has the variety of industries, services, and businesses located in the ar
    Exterior Features

    Exterior WoodCedar Foundation Size 5002 Garage Description Uncovered/OpenDriveway - Gravel Garage Stalls 0 Lake Acres 75.51000 Lake Bottom Sand Lake Chain No Lake Depth 6 Lake Or Water Front Lake View Lot Description Irregular Lot Lot Size Dimensions 153X132 Other Parking Spaces 25 Road Frontage City Roof Asphalt ShinglesMetal Water Front Name Young America Lake Waterfront Present No

    Interior Features

    Amenities Unit DeckPatioNatural WoodworkVaulted Ceiling(S)Hardwood Floors Cooling Description Ductless Mini-Split Fuel Natural Gas Heating Description Ductless Mini-Split Shared Rooms Amusement/Party Rm

    Property Features

    Agent Owner No Assessment Pending No Commercial Style OtherRetail/Shopping CenterOffice Contingency None Current Use RestaurantTavern/LoungeRetailEvent Space Foreclosure Status No Gross Income 0.00 Handicap Access Wheelchair Ramp Lender Owned Yes Owner Occupied N Potential Short Sale No Sale Includes BuildingLand Sewer City Sewer/Connected Tax With Assessments 10790.00 Tax Year 2019 Taxes 10790 Utilities Heating Common Water City Water/Connected Zoning Business/Commercial

    © 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
    Listing courtesy of Coldwell Banker Burnet. 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 © 2020 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 FindLKMTKAHomes.com Team 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. FindLKMTKAHomes.com Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of FindLKMTKAHomes.com Team, 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 2020-01-20T15:08:11.86.

    Click here for Digital Millennium Copyright Act
     
    FindLKMTKAHomes.com Team
    215 Walker Avenue South
    Wayzata MN, 55391
    Listing courtesy of Coldwell Banker Burnet.