MN > Elk River > Village Elk River
Elk River, MN 55330,324 Lowell AVE NW
Elk River, MN 55330,324 Lowell AVE NW
Elk River, MN 55330,324 Lowell AVE NW
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$1,400,000
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324 Lowell AVE NW Elk River, MN 55330

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Team Steady

Team Steady

+1(952) 607-7436

UPDATED:

09/24/2024 03:54 PM

Key Details

Property Type Commercial

Listing Status Contingent

Purchase Type For Sale

Subdivision Village Elk River

MLS Listing ID 6431730

Year Built 2022

Annual Tax Amount $4,444

Tax Year 2023

Contingent Other

Lot Dimensions 179x150x141x155

Property Description

6.79% Cap Rate. 2022 built Caribou Cabin with prime Hwy 10 frontage. Triple net lease with 8.5 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.

Location

State MN

County Sherburne

Zoning Business/Commercial

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building, Land, Leases

Fireplace No

Exterior

Garage Parking Lot

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Roof Type Metal

Present Use Food Service

Parking Type Parking Lot

Building

Lot Description Corner Lot

Foundation 605

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone,Fiber Cement,Metal Siding,Wood Siding

Schools

School District Elk River

Listed by Dustin Heggem • Acuity Group

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+1(952) 607-7436

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324 Lowell AVE NW

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