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$499,000

0 Beds 0 Baths 0 SQFT 0.69 Acres
Type: Commercial

31503 125 1/2 Street
Princeton, MN 55371

MLS#: 7065559
Robert Barrientos
Robert Barrientos
The Real Estate Advantage
Realtor
Office: 651.272.4688
Presented by: Edina Realty, Inc.

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.*

 

Interior Features

Other Interior Features

Basement (Y/N)No
FuelElectric
Garage Square Feet0

General

AccessibilityDoors 36 +, Hallways 42 +
Additional Parcels Y/NNo
CityPrinceton
ContingencyNone
CountySherburne
Current UseStorage Facility
DirectionsSouth on 125th St, turn Right on 316 Ave, that will curve south and turn into 125 1/2 St NW. Property will be on the Left (East) side of road.
Garage Spaces0
HeatingNone
High School DistrictPrinceton
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total43
PostalCityPrinceton
Property TypeCommercial Sale
SewerPrivate Sewer, Tank with Drainage Field
Standard StatusActive
Subdivision NameGeorgetown First Add
Tax Annual Amount$4,574
Tax Year2025
UtilitiesElectric Separate, Hot Water Separate
Year Built2002
Zoning DescriptionBusiness/Commercial, Industrial

Exterior

Foundation Area4,704 sqft
InclusionsBuilding, Fixture/Equipment, Land, Leases, Other
Lot Dimensions29997
Lot Size Area0 sqft
Parking FeaturesAttached Garage, Asphalt, Multiple Garages, Parking Lot, RV Access/Parking, Secured, Storage, Open, Units Vary
Water SourceWell
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$499,000

0 Beds 0 Baths 0 SQFT 0.69 Acres
Type: Commercial

31503 125 1/2 Street
Princeton, MN 55371

MLS#: 7065559
Robert Barrientos
Robert Barrientos
The Real Estate Advantage
Realtor
Office: 651.272.4688

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