Sold

16991 198th Avenue NW

Big Lake MN, 55309

$725,000


$244.35 per sqft

Sold

2,967 sqft

Commercial

Built in 2007

Park Dental Net-Lease Investment. The tenant, has been in this location for 5 years and just renewed for another 3 years showing commitment to this location and market. +/- 3.5 years remaining on the lease with a 12/31/2025 expiration. Tenant has (2) additional 3 year options to renew. Seller built the property in 2007 with excellent detail and construction quality, and sold their Dental Practice to Park Dental at the end of 2017. Strong tenancy with -52 Park Dental locations throughout MN. Tenant pays Base Rent, CAM, Property Insurance, and 90% of the Property Taxes. The Site also offers the ability to expand with another shovel-ready 3,100-4,000 SF building on the south side- utilities, curbs, and parking already in place for the potential expansion. This would allow tenant to expland in the future if needed with growth or add another building for additional income with another Tenant. Strong market + Internet & COVID proof tenancy. Excellent affordable pricing at only $750,000

6184277

MLS ID

April 20, 2022

Listed

February 10, 2024

Updated

Map

16991 198th Avenue NW
Big Lake MN, 55309

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

1.23 Acres


Lot Features

Irregular Lot


Roof

Asphalt, Pitched


Sewer

City Sewer/Connected

School Information

School District

Big Lake

Other Property Details

Taxes

$13,264


Tax Frequency

Annually


Days on Market

16


Garage

No


Parking

Asphalt, Paved, Open


View

No


County

Sherburne


Water Source

City Water/Connected


Pool

No


Buyer Agency Compensation

2.5%

 

Courtesy of RE/MAX Results

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Connie Stegora shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 5:16 AM UTC, 2/10/2024

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