12310 Business Park Blvd N - Flex FOR SALE


Champlin, MN 55316- Dayton/Champlin
$500,000 USD
651-698-2481
12310 Business Park Blvd N, Champlin, MN for Sale
$500,000 USD
Flex - FOR SALE
1/24
null | 4.37% Cap Rate

12310 Business Park Blvd N
Champlin, MN 55316
Dayton/Champlin


OVERVIEW

Mixed use property for sale, great potential with three scenarios. Scenario 1 - buyer lives in the home and uses the garages for their shop or business. Buyer would then run a business out of the large 1080 sq ft garage space, like a car repair shop or landscaping, construction, or small industrial. This way the buyer will only need to buy one property instead of two to run their business. Scenario 2 - Buyer runs a small business out of the home like real estate or insurance agency and rents out the garage and back of lot for extra $1200-1600 per month. Scenario 3 - buyer wants to level all building and put up a commercial building Zoned C-2 by City of Champlin. Added a PDF file Champlin Code Ordinances for new buildings in documents. Buyer and buyers agent to verify all measurements.. This location over looking highway 169 makes this a very valuable lot . Buyer and buyers agent to verify proposed commercial plans to the City of Champlin. Property is zoned C-2 Commercial General Business by City of Champlin. Seller has confirmed all rents of the home and garages and lot in back are month to month rentals thus can be cancelled with one month notice. Currently monthly rents are $1200 for home; $500 for lot storage; $450 for one garage stall. There are two other garage stalls that can still be rented as well as three truck park spots for about $700 more in rent

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$478 USD /SF

CAP RATE

4.37%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

UTILITIES

Heating - Electric

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92

LAND SF

40,075

ZONING

Mixed-Use Commercial

APN/PARCEL ID

30-120-21-12-0016

ASK ABOUT THIS PROPERTY

Adam BradleyColdwell Banker Realty BurnetMore Info
651-698-2481

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Adam BradleyColdwell Banker Realty BurnetMore Info
651-698-2481

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