2424 E 117th ST new Save Request In-Person Tour Request Virtual Tour
Burnsville,MN 55337
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Cliff Cove Town Office Park
MLS Listing ID 6801894
Year Built 2001
Annual Tax Amount $6,976
Tax Year 2025
Contingent None
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 28x66
Property Sub-Type Office
Property Description
Great investment opportunity, easy to manage. A chiropractic clinic has been located in this location since the building was constructed in 2001. The previous owners of the clinic sold the business to the current owners who have leased the past 3 years and have signed a new 2 year lease.
This is both a great cash on cash investment with a return over 9% and a high cap rate over 10%. The HOA is well run and the reserve fund is in great shape. A majority of the units are owner occupied, and the buildings and grounds are well maintained.
If you are looking for a real estate investment that is very easy to manage with a nice return this is it.
Location
State MN
County Dakota
Zoning Business/Commercial
Rooms
Basement Daylight/Lookout Windows,Drain Tiled,Finished,Storage Space,Sump Basket,Sump Pump
Kitchen Other
Interior
Heating Forced Air
Cooling Central Air,Zoned
Inclusions Building
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Guest Parking,Parking Lot,Paved
Utilities Available Electric Separate,Heating Separate,Hot Water Separate
Roof Type Age Over 8 Years
Present Use Professional/Office,Professional Service
Building
Lot Description Public Transit (w/in 6 blks),Some Trees
Story One
Foundation 1344
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Brick Veneer,Fiber Board
Schools
School District Burnsville-Eagan-Savage