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31503 125 1/2 Street
Princeton, MN 55371

$499,000

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Listing Details

  • $499,000
  • MLS# 7065559
  • Type Commercial - Business
  • Status Active
  • 0.690 acres
    Lot Size
  • 2002
    Year Built
  • Princeton
    Local Schools

Listed By

Agency Name: Edina Realty, Inc.
Agency Phone: 763-241-0155

Shown By

Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333

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Home Value Estimate


Description

Great opportunity to own this commercial building on prime Princeton location. Perfect for owners shop and office in front and rent out the rest of the building for storage. Large 112x42 two story building currently being used as a storage facility offers: 2 - 41 deep units with 12x16 overhead doors, 1 - 24 deep unit with 10x14 overhead door and attached office space, 12 - 20x10 units with 9x7 overhead doors. Upper level offers 5 - 10x18 units all with windows and electric. 11 new 8x20 containers added to the property in 2020. New roof installed 2022. *Potential cap rate of 11.1% with rent increase and units to market rate.*

Features

  • Heating: None
  • Taxes: $4,574
  • Water: Well
  • Year Built: 2002

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