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Listing 6 out of 1,237
Sold for $3,350,000 Sold

1405 Lilac Drive N
Golden Valley, MN 55422

39 units |

lot: 2.49 acres
Commercial: Commercial - MLS# 5000320
Property Photo

Sold

Sold for $3,350,000 on Apr 11, 2019

Description

Outstanding investment opportunity with value add potential. Building is approximately 32,500 SF with 93% occupancy and a diverse tenant mix. Major tenants include SMARCA (Sheet Metal, Air Conditioning, Mechanical and Roofing Contractors) of Minnesota and Behavior Health Providers, which is a leading nonprofit behavioral health care organization and a wholly-owned entity of Fairview Health Services, one of the leading healthcare providers in Minnesota.

Features

  • Property Type: Commercial
  • Sub Type: Commercial
  • Listing Status: Sold
  • Listing Price: $3,490,000
  • County/Area: Hennepin County
  • Zip Code: 55422
  • Year Built: 1986
  • School District: 281 - Robbinsdale
  • Units: 39 units
  • Lot Size: 2.49 acres
  • Annual Gross Income: 550000.00
  • Annual Net Income: 358632.00
  • Building Finished Square: 32500
  • Exterior: Vinyl, Brick/Stone, Block
  • Foundation Size: 22000
  • Fuel: Natural Gas, Electric
  • Heating: Forced Air, Baseboard
  • Lot Dimensions: 2.49 acres
  • MLS ID: RMLS
  • Other Parking Spaces: 130
  • Parking Characteristics: Uncovered/Open, Unassigned
  • Postal City: Golden Valley (Mn)
  • Sale Includes: Building, Land, Leases
  • Sewer: City Sewer/Connected
  • Water: City Water/Connected
  • Zoning: Business/Commercial
  • Sold Price: 3350000
  • Sold Date: 2019-04-11 00:00:00
Courtesy of Standard Commercial

Contact






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RE/MAX Elite 4037 W Broadway #204,
Robbinsdale, MN 55422
Office: 763-208-4212  sales@mnelite.com

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