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
May 9, 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.
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Data last updated 10:19 AM UTC, 5/9/2024