10 E Veterans Memorial Hwy - Showroom FOR SALE


Kasson, MN 55944
$390,000 USD
507-251-3940
10 E Veterans Memorial Hwy, Kasson, MN for Sale
$390,000 USD
Showroom - FOR SALE
1/19
null | 9.23% Cap Rate

10 E Veterans Memorial Hwy
Kasson, MN 55944


HIGHLIGHTS

  • Very Good Visibility from new roundabout at MN Hwy 57 and Dodge Co. 34
  • Adjacent to US Post office, across the street from Bremer bank to the west & 2 other banks within walking distance.
  • Traffic count about 12,000 to 14,000 cars per day. Confirmed on MNDOT traffic study web site.
  • Many other businesses within walking distance.

OVERVIEW

1/3 of the building is recently renovated, the remaining 2/3 of the building is under renovation Building size approximately 3,500 sq ft. steel insulated, about ¼ of building with long trench floor drains. that ¼ also has in-floor-heat tubes stubbed in but slab floor heating boiler has been removed. Ceiling height 9 ft., insulated commercial overhead door. Forced air heat & air conditioning, includes men's & women's handicapped accessible restrooms. Women's restrooms has shower. Currently has 2 offices with windows, refinished walls & floors in those offices & a finished conference room/ office: Office #1 ~ 12 x 10 Office #2 ~ 21 x 12 Conference room #1 ~ 16x 12 Showroom floor #1 ~ 20 x 16 Dry detail area #1 ~ 27 x 20 Wet detail area #1 ~ 42 x 20 Storage area #1 ~ 26 x 14 Storage/entry #1 ~ 19 x 13 Mens room ~ 15 x 7 Womens room ~ 10 x 7 Utility room ~ 15 x 6 Kitchenette area ~ 14 x 6 The large rooms are easily re-configurable as there are no load bearing walls inside the structure. Current & Future plans: Continue renovation as tenants are added. Open multiple businesses, lease office, retail, commercial, storage, or warehouse space. Patch, refinish & paint walls. Replace suspended & missing ceilings where necessary in the larger rooms. Refinish existing divider doors between existing rooms. Improvements being made to parking lot & interior floors. 1500 SF of refinished interior floors. Installed carpet in the offices & conference room. Continuous improvements & maintenance to facility. High-efficiency furnace. LED lighting. Building is owner occupied & has 5 tenants leasing offices with staggered 1 year leases. Investment opportunity with positive cash flow. Great office spaces for auto dealership, auto repair, or general retail.

FOR SALE DETAILS

PRICE

$390,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

9.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Davidsons Developments Corp. office bldg

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Auto Dealership, Storefront, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

9.25 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.24

LAND SF

10,454

ZONING

Commercial

APN/PARCEL ID

24.100.5540

ASK ABOUT THIS PROPERTY

Dave DrippsDave DrippsMore Info
507-251-3940

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Dave DrippsDave DrippsMore Info
507-251-3940

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.