For Sale: Apple Valley MLS# 7000725
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Property Description
Positioned for immediate cash flow with built-in upside, this commercial retail and office building presents a compelling acquisition in a high-traffic, high-demand Apple Valley location, featuring 13 individual retail/office suites with 27 surface parking stalls that provide strong visibility, accessibility, and functionality for a wide range of tenants; situated on a flat, commercially zoned 0.52-acre lot, the property benefits from a newer concrete driveway and recently updated parking area, helping minimize near-term capital expenditures, while detailed floorplans are included in the listing photos to clearly outline suite layouts and dimensions; from an investment standpoint, the numbers tell a strong story with current total rental income of $7, 300 per month, below-market rents across existing tenants, and multiple vacant units, creating a clear value-add opportunity through lease-up and rent optimization in one of Apple Valley’s most active commercial corridors.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$960,000
Property Type:
Commercial
City:
Apple Valley
Garage Spaces:
0
County:
Dakota
Year Built:
1979
State:
MN
Property Style:
Other
Zip Code:
55124
Subdivision Name:
Valley Comm Park 2nd
Interior
Basement Details:
- Full
- Walkout
Exterior
Stories:
Three Or More
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
2,344 ft2
Handicap Accessible:
Other, Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Concrete
- Open
- Parking Lot
- Paved Lot
- Unassigned
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Lot & Land
Acres:
0.521
Geolocation:
44.7389507931, -93.2206350877
Inclusions:
Building, Land, Leases
Lot Dimensions:
197 x 115
Zoning:
Business/Commercial
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
946
District Phone:
6514237700
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,220
Annual Fuel Expense:
$2,460
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
$280
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$19,866
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$19,866
Income
Annual Gross Income:
$87,600
Rent
Annual Net Income:
$61,014
Units
Total Units:
10
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Commercial
- Office
- Other
- Professional Service
- Professional/Office
- Retail
- Vacant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.