$555,000
$634,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
237 2nd AVE SW Cambridge, MN 55008
0.36 Acres Lot
Key Details
Sold Price $555,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision Original Townsite Cambridge
MLS Listing ID 6029714
Sold Date 11/24/21
Year Built 1887
Annual Tax Amount $12,114
Tax Year 2021
Contingent None
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 150x125
Property Description
Attention Investors! Original Isanti County Court House completely remodeled into commercial offices with distinction. Multiple office spaces with quality tenants and extended leases. Excellent investment opportunity with an 11.5% Cap Rate based on the current NOI and room for growth by filling vacancies. The elevator offers accessibility to the main floor and second floor, three new forced air furnaces and central A/C units were recently added, audio/video class 5 wiring throughout the building, 11' high ceilings, exterior sign marquee, 10 private parking spaces with adjacent city owned parking lot and ample on-street parking, and manicured lawn and shade trees. Fabulous downtown location in the growing city of Cambridge with easy access to dining, services, public transportation, and parks!
Location
State MN
County Isanti
Zoning Business/Commercial
Rooms
Basement Full, Walkout
Interior
Heating Forced Air, Hot Water
Cooling Central Air, Ductless Mini-Split
Fireplace No
Exterior
Parking Features Paved
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age Over 8 Years,Flat,Metal,Pitched,Rubber
Present Use Professional/Office,Professional Service
Building
Lot Description Corner Lot, Tree Coverage - Light
Foundation 5200
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Cambridge-Isanti
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