Fridley, MN 55432,203 Mississippi ST NE
Fridley, MN 55432,203 Mississippi ST NE
Fridley, MN 55432,203 Mississippi ST NE
Fridley, MN 55432,203 Mississippi ST NE
Fridley, MN 55432,203 Mississippi ST NE
Fridley, MN 55432,203 Mississippi ST NE
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$435,000

$434,900

Est.Price: ?

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Est. payment /mo

6,969 Sqft Lot


SOLD DATE : 04/03/2024

Key Details

Sold Price $435,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Subdivision Rice Creek Plaza South Add

MLS Listing ID 6466474

Sold Date 04/03/24

Year Built 1960

Annual Tax Amount $6,524

Tax Year 2022

Contingent None

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 88x65

Property Description

Prime investment opportunity in Fridley, Minnesota! This versatile multi-use building, conveniently zoned R3 Multi-Use Dwelling, houses three commercial rental units. Embrace the potential to own, occupy, or invest with a lucrative 10% cap rate. Alternatively, make this your business hub while renting out surplus units to optimize returns. The upper level exudes professionalism with a welcoming lobby, five private offices, a modern galley kitchen, restroom, conference room and storage. Downstairs, two rental units brim with amenities. The building boasts 3 bathrooms, including one on garden level with a shower. Recent upgrades include a 2018 full remodel, HVAC replacements in the last four years, and a plethora of new windows in 2023. Notably, the rear parking lot was renovated in 2020. Positioned on the bustling County Road 6/Mississippi Street NE, this high traffic location ensures excellent visibility for your business success!

Location

State MN

County Anoka

Zoning Business/Commercial,Residential-Multi-Family

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Parking Features Open

Utilities Available Electric Common, Heating Separate

Roof Type Rubber

Present Use Professional/Office,Beauty/Barber Shop,Office,Other,Professional Service,Residential

Building

Story Two

Foundation 1950

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick/Stone,Metal Siding,Wood Siding

Schools

School District Fridley

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Listed by Dustin Dodge • Ferndale Realty

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