31503 125 1/2 ST, Princeton, MN 55371
31503 125 1/2 ST, Princeton, MN 55371
31503 125 1/2 ST, Princeton, MN 55371
31503 125 1/2 ST, Princeton, MN 55371
31503 125 1/2 ST, Princeton, MN 55371
31503 125 1/2 ST, Princeton, MN 55371
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Joe Mack

Joe Mack

+1(952) 484-7071
$ 499,000
Est. payment | /mo

0.69 Acres Lot

Save
$ 499,000
Est. payment | /mo
Save

0.69 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Georgetown First Add

MLS Listing ID 7065559

Year Built 2002

Annual Tax Amount $4,574

Tax Year 2025

Contingent None

Lot Size 0.690 Acres

Lot Dimensions 29997

Property 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.*

Location

State MN

County Sherburne

Zoning Business/Commercial,Industrial

Interior

Heating None

Inclusions Building, Fixture/Equipment, Land, Leases, Other

Fireplace No

Exterior

Parking Features Attached Garage, Asphalt, Multiple Garages, Parking Lot, RV Access/Parking, Secured, Storage, Open, Units Vary

Utilities Available Electric Separate, Hot Water Separate

Present Use Storage Facility

Building

Foundation 4704

Sewer Private Sewer, Tank with Drainage Field

Water Well

New Construction false

Schools

School District Princeton

Listed by Jared Hansen • Edina Realty, Inc.
Nearby Locations
Joe Mack

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(952) 484-7071

joe@mnrealestateteam.com

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31503 125 1/2 ST