$435,000
$434,900
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203 Mississippi ST NE Fridley, MN 55432
6,969 Sqft Lot
Key Details
Sold Price $435,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Rice Creek Plaza South Add
MLS Listing ID 6466474
Year Built 1960
Annual Tax Amount $6,524
Tax Year 2022
Lot Size 6,969 Sqft
Property Description
Prime investment opportunity in Fridley, Minnesota! This versatile multi-use building, conveniently zoned R3 Multi-Use Dwelling, houses three commercial rental units. Embrace the potential to own, occupy, or invest with a lucrative 10% cap rate. Alternatively, make this your business hub while renting out surplus units to optimize returns. The upper level exudes professionalism with a welcoming lobby, five private offices, a modern galley kitchen, restroom, conference room and storage. Downstairs, two rental units brim with amenities. The building boasts 3 bathrooms, including one on garden level with a shower. Recent upgrades include a 2018 full remodel, HVAC replacements in the last four years, and a plethora of new windows in 2023. Notably, the rear parking lot was renovated in 2020. Positioned on the bustling County Road 6/Mississippi Street NE, this high traffic location ensures excellent visibility for your business success!
Location
State MN
County Anoka
Zoning Business/Commercial,Residential-Multi-Family
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features Open
Utilities Available Electric Common, Heating Separate
Roof Type Rubber
Building
Story Two
Foundation 1950
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone,Metal Siding,Wood Siding
Schools
School District Fridley
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