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127 Central Ave 7,068 SF 100% Leased Office Building Long Prairie, MN 56347 $390,558 CAD ($55.26 CAD/SF) 8.80% Cap Rate
Executive Summary
PRIME INVESTMENT OPPORTUNITY!
Well-Maintained Multi-Use Building with strong rental history. Property has 11-Spacious Rental Rooms on upper levels and main floor level Rented to a Non-Profit Organization. The property is located in the Vibrant Downtown of Long Praire, Mn which is also the County Seat. An excellent opportunity for investors seeking consistent cash flow.
Well-Maintained Multi-Use Building with strong rental history. Property has 11-Spacious Rental Rooms on upper levels and main floor level Rented to a Non-Profit Organization. The property is located in the Vibrant Downtown of Long Praire, Mn which is also the County Seat. An excellent opportunity for investors seeking consistent cash flow.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
7,068 SF
Building Class
C
Year Built
1930
Price
$390,558 CAD
Price Per SF
$55.26 CAD
Cap Rate
8.80%
NOI
$34,386 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,356 SF
Building FAR
1.08
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
Commercial
Amenities
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 36-0032500 | Improvements Assessment | $199,682 CAD |
| Land Assessment | $12,498 CAD | Total Assessment | $212,179 CAD |
Property Taxes
Parcel Number
36-0032500
Land Assessment
$12,498 CAD
Improvements Assessment
$199,682 CAD
Total Assessment
$212,179 CAD
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127 Central Ave
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