Active
324 Lowell Avenue NW
Elk River MN, 55330
$1,450,000
$2,396.69 per sqft
Active
605 sqft
Commercial
Built in 2022
6.55% Cap Rate. 2022 built Caribou Cabin with prime Hwy 10 frontage. Triple net lease with 9 years remaining of the initial 10-year term. 10% rent increase after year 5. Three additional 5-year options with 10% rent increases after the initial 10-year term.
6431730
MLSⓇ ID
September 12, 2023
Listed
April 12, 2024
Updated
Map
324 Lowell Avenue NW
Elk River MN, 55330
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Features
Corner Lot
Roof
Metal
Sewer
City Sewer/Connected
School Information
School District
Elk River
Other Property Details
Taxes
$4,444
Tax Frequency
Annually
Days on Market
210
Garage
No
Parking
Parking Lot
View
No
County
Sherburne
Water Source
City Water/Connected
Pool
No
Buyer Agency Compensation
3%
Listing History
Date | Event | Price |
|---|---|---|
4/9/2024 | Price Change | $1,450,000 -5% |
1/26/2024 | Price Change | $1,525,000 -5% |
11/29/2023 | Price Change | $1,600,000 -4% |
10/25/2023 | Price Change | $1,650,000 -6% |
Courtesy of Acuity Group
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 7:50 PM UTC, 4/12/2024
