404-536 Whiskey Rd NW - Storefront Retail/Office CONDO FOR SALE


Isanti, MN 55040
$299,900 USD
763-245-6431
404-536 Whiskey Rd NW, Isanti, MN for Sale
$299,900 USD
Storefront Retail/Office CONDO - FOR SALE
1/31
null | Request Cap Rate

404-536 Whiskey Rd NW
Isanti, MN 55040


HIGHLIGHTS

  • Units K and L are currently a combined office space.

OVERVIEW

Agent/Buyer to verify all information, zoning rules and restrictions, measurements, details, CIC rules and restrictions, etc. The sale includes two units (units K & L) within the Rum River Business Condominiums - currently leased by three companies operating within the same square footage and sharing common areas (bathrooms, copy room, break area, conference room, reception). Units could be remodeled to have two separate units, end unit has a drive through option and concrete outdoor patio. The Property is beautifully finished, has been well maintained, and creative ownership options exist. For investment buyers, the current cap rate is over 12%. Existing long-term tenants desire to continue to occupy the property, however if the buyer intends to owner occupy, the existing lease agreements will accommodate. Landlord currently pays CIC dues, property taxes, and nominal fee to the City of Isanti for city services. Inquire with the listing broker, Carrie Gibbs, for more details. Financials and existing leases are available with signed NDA to qualified buyers only. New roof 2022. New parking lot June 2025. CIC Association maintained and dues cover the following: All grounds maintenance, lawn care, snow removal, trash, water/sewer, outside electric, all exterior repairs, insurance, fire suppression system, and management fees. Note that fractional ownership applies to the entire building's common elements and is explained in the CIC documents.

FOR SALE DETAILS

PRICE

$299,900 USD

PRICE/SF

$122 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Rum River Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

14,400 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

3.36 AC

LAND SF

146,362 SF

ZONING

B1

APN/PARCEL ID

16.108.0010,16.108.0020,16.108.0030,16.108.0040,16.108.0050,16.108.0070,16.108.0080,16.108.0090,16.108.0100,16.108.0110,16.108.0120

ASK ABOUT THIS PROPERTY

Carrie Moline GibbsCentury 21 Moline Realty, Inc.More Info
763-245-6431

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Carrie Moline GibbsCentury 21 Moline Realty, Inc.More Info
763-245-6431

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