Burnsville, MN 55337,11970 Portland AVE
Burnsville, MN 55337,11970 Portland AVE
Burnsville, MN 55337,11970 Portland AVE
Burnsville, MN 55337,11970 Portland AVE
Burnsville, MN 55337,11970 Portland AVE
Burnsville, MN 55337,11970 Portland AVE
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$430,000

$439,900

2.3%
Est.Price: ?

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Est. payment /mo

3,049 Sqft Lot


SOLD DATE : 09/06/2024

Key Details

Sold Price $430,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 6559714

Sold Date 09/06/24

Year Built 2002

Annual Tax Amount $9,524

Tax Year 2024

Contingent None

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions Common

Property Description

Exceptional opportunity, a ranch-style office condo divided into two units, each with separate entries,
perfect for business owners looking to own their own space instead of renting. This setup not only offers independence but also the potential to subsidize mortgage payments through rental income. For investors, this property is a dream come true, boasting a potential cap rate of over 13% based on current market rents. Strategically located with effortless access to major highways and transportation hubs, it ensures convenience for tenants and maximum visibility for businesses. Whether you're looking to secure your business's future or expand your investment portfolio, this property promises both stability and significant returns. Don't miss out on this prime opportunity – schedule your viewing today and take the next step towards owning a lucrative piece of real estate.

Location

State MN

County Dakota

Zoning Business/Commercial

Rooms

Basement Finished, Walkout

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Appliance None

Exterior

Parking Features Detached

Garage Spaces 1.0

Utilities Available Electric Separate, Heating Separate

Present Use Professional/Office,Office

Building

Foundation 1408

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone,Stucco

Schools

School District Burnsville-Eagan-Savage

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Listed by Nematullah JanetKhan • RE/MAX Advantage Plus

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