Homes for sale - 2535 Condon CT, Mendota Heights, MN 55120

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Wendy Hanson

wendy@wendyhansonhomes.com +1(612) 840-1531

$ 569,900

Est. payment | -/mo

0.38 Acres Lot

Save

$ 569,900

Est. payment | -/mo

Save

0.38 Acres Lot

Key Details

Property Type Commercial

Sub Type Office

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 6432139

Year Built 1977

Annual Tax Amount $3,582

Tax Year 2023

Contingent None

Lot Size 0.380 Acres

Acres 0.38

Lot Dimensions 20x12x92x143x113x141

Property Description

Great opportunity for an investor. 7.0+% Cap Rate on this Double Net Leased Property. This large lot at a cul-de-sac is a commercial building that is 100% occupied by the Bridge Autism Clinic who operates during daily normal business hours. They have more than 3 years left on their lease with annual increases. Tenant pays for all operating expenses except Taxes and Insurance. Has had many upgrades within the past few years. Great Unique Investment Opportunity!

Location

State MN

County Dakota

Zoning Business/Commercial

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building, Land

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Concrete, Parking Lot

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Present Use Commercial,Office,Other,Residential

Building

Foundation 1962

Sewer City Sewer - In Street, Mound Septic, Septic System Compliant - Yes

Water Well

Structure Type Wood Siding

Schools

School District West St. Paul-Mendota Hts.-Eagan

Listed by Thomas Gergen • Blackbridge Real Estate

2535 Condon CT Mendota Heights, MN 55120