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$435,000
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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!
Full Property Details
Full Property Details for 203 Mississippi St
General
- Sold For: $435,000
- Taxes: $6,524 (2022)
- Status: Closed
- Type: Office
- Source: Wirex_Western_Wisconsin_Realtors_Association_WWRA
- MLS ID: 6466474
- Added to Site: 831 day(s) ago
Parking
- Total Spaces: 17
- Parking Features: Outside
Location
- Municipality: Fridley
- County: Out Of State
- Subdivision: Rice Creek Plaza South Add
- Driving Directions: From Interstate 694, head North on University Avenue. Turn right on Mississippi St NE, building is on the right.
School Information
- School District: Fridley
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Central Air, Forced Air
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
Structural Information
- Description/Design: 2 Story
- Exterior Const.: Brick/Stone, Aluminum/Steel, Wood
- Roof: Rubber/Membrane
- Year Built: 1960
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 88x65
- Lot Size Range: 0.0 to .499
- Zoning: Business/Commercial, Residential-Multi-Family
Financial Considerations
- Tax Amount: $6,524
- Tax Year: 2022
Listed by Ferndale Realty
Sold by National Realty Guild
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Schools
Schools serving 203 Mississippi St
School District:Fridley Public Schools
| Name | Grades | Distance |
|---|---|---|
Stevenson Elementary School 6080 East River Road, Fridley, MN 55432 | K-4 | 0.7 mi |
Fridley Middle School 6100 West Moore Lake Drive Northeast, Fridley, MN 55432 | 5-8 | 0.8 mi |
Fridley Senior High School 6000 West Moore Lake Drive Northeast, Fridley, MN 55432 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 203 Mississippi St
Date
Details
Price
Change
Source
4/03/2024
Sold
$435,000
0.02%
MLS
12/07/2023
Listed
$434,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
203 Mississippi Street, Fridley, MN 55432 (MLS# 6466474) is a Office property that was sold at $435,000 on April 03, 2024. Want to learn more about 203 Mississippi Street? Do you have questions about finding other Office real estate for sale in Fridley? You can browse all Fridley real estate or contact a Coldwell Banker agent to request more information.
