11038 183rd Cir NW - Apartments CONDO FOR SALE


Elk River, MN 55330- Clemens & Munsinger Gardens
$2,400,000 USD
612-242-1653
11038 183rd Cir NW, Elk River, MN for Sale
$2,400,000 USD
Apartments CONDO - FOR SALE
1/39
null | 6.57% Cap Rate

11038 183rd Cir NW
Elk River, MN 55330
Clemens & Munsinger Gardens


HIGHLIGHTS

  • Individual PIDs
  • 2020 Built with solid Tenant Base
  • Located within an established business park setting.
  • Positioned within the growing Elk River market.

OVERVIEW

Positioned in Elk River's established commercial market, this commercial condominium presents an opportunity for businesses and investors seeking a well-located asset in a growing northwest Twin Cities community. The property's efficient design supports a range of operational uses, while its location provides convenient access to major roadways connecting users throughout the Minneapolis-St. Paul metropolitan area. Surrounded by a mix of commercial and industrial activity, the property offers functionality, accessibility, and long-term ownership potential for a variety of business needs.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

6.57%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

55+ 1 Level Rental Community

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

11,540 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

Residential

APN/PARCEL ID

75-904-0105,75-904-0110,75-904-0115,75-904-0120,75-904-0125,75-904-0130,75-904-0135,75-904-0140,75-904-0145

ASK ABOUT THIS PROPERTY

Dustin HeggemAcuity GroupMore Info
612-242-1653

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Dustin HeggemAcuity GroupMore Info
612-242-1653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.