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216 S Washington Street

Redwood Falls, MN 56283
  • $349,900
  • STATUS: Active
  • ON SITE: 311 Days
  • ID#: 5706235
UPDATED: 211 min ago
$349,900
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,640
    SQFT
  • $75
    $/SQFT
Type:
Commercial
Built:
1888
County:

School Ratings & Info

School District:
Listing courtesy of Minnesota Lands And Homes Real Estate.

Description

Downtown Redwood Falls commercial investment property. Two buildings included with common wall. There are two Leases in effect with long term tenants. Based on the list price the 2019 Cap Rate was 8% and the projected Cap Rate for 2020 is 8.7%. The last 6 years of cash flow is on file for review with a bank pre-approval letter and a signed commercial confidentiality and non-disclosure agreement.

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IDX data © 2021 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pomerleau Team are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pomerleau Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pomerleau Team, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2021-12-06T00:22:09.87.

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216 S Washington Street Redwood Falls, MN 56283

  • Price: $349,900
  • Status: Active
  • On Site: 311 Days
  • Updated: 211 min ago
  • ID#: 5706235
0
Beds
0
Baths
0
½ Baths
0.12
Acres
4,640
SQFT
$75
$/SQFT
1888
Built
County:
Redwood
School District:
2897 - Redwood Area Schools
Property Description
Downtown Redwood Falls commercial investment property. Two buildings included with common wall. There are two Leases in effect with long term tenants. Based on the list price the 2019 Cap Rate was 8% and the projected Cap Rate for 2020 is 8.7%. The last 6 years of cash flow is on file for review with a bank pre-approval letter and a signed commercial confidentiality and non-disclosure agreement.
Exterior Features

Construction Materials Brick/StoneStucco Foundation Area 4640 Lot Size Dimensions Irregular Parking Features On-Street Parking Only Parking Open 0 Road Frontage Type City StreetSidewalks Waterfront YN No

Interior Features

Basement Stone/RockUnfinished Cooling Central Air Heating Forced Air Sq Ft Finished Building 4640

Property Features

Accessibility Features No Stairs External Additional Parcels YN Yes Assessment Pending No Contingency None Current Use Professional/OfficeProfessional ServiceCommercial Foreclosure Status No Fuel Natural Gas Inclusions BuildingLandLeases Land Lease Amount 0 Lease Amount Type Monthly Lease Type Single Net Lender Owned No Owner Pays TaxesInsuranceWaterElectricityFuelRepairsTrash Collection Postal City Redwood Falls Potential Short Sale No Property Sub Type Business Rental License YN No Sewer City Sewer/Connected Tax Annual Amount 3400 Tax With Assessments 3620.00 Tax Year 2020 Unit Type Efficiencies1 Bedroom2 Bedroom3 Bedroom1 Room2 Room3 Room4 Room5 Room6 Room7 Room Utilities Heating CommonElectric CommonHot Water Common Water Source City Water/Connected Zoning Description Business/Commercial

© 2021 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Minnesota Lands And Homes Real Estate. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2021 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than The Pomerleau Team are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The Pomerleau Team is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of The Pomerleau Team, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2021-12-06T00:22:09.87.

Click here for Digital Millennium Copyright Act
 
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The Pomerleau Team
11671 Fountains Drive, Suite 200
Maple Grove MN, 55369
Listing courtesy of Minnesota Lands And Homes Real Estate.