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6368 Elm St 4,003 SF 100% Leased Office Building North Branch, MN 55056 $680,605 CAD ($170.02 CAD/SF) 5.72% Cap Rate
Investment Highlights
- 1 block off main street and Hwy 61
- High traffic area for full rental property or layout supports live onsite owner in one of the 2 rental units
- Zoned residental and Commercial
Executive Summary
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$60,513
|
$27.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$60,513
|
$27.34
|
| Taxes |
$6,218
|
$2.81
|
| Operating Expenses |
$15,353
|
$6.94
|
| Total Expenses |
$21,570
|
$9.75
|
| Net Operating Income |
$38,943
|
$17.60
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $60,513 |
| Annual Per SF | $27.34 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $60,513 |
| Annual Per SF | $27.34 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,218 |
| Annual Per SF | $2.81 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,353 |
| Annual Per SF | $6.94 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $21,570 |
| Annual Per SF | $9.75 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $38,943 |
| Annual Per SF | $17.60 |
Property Facts
Amenities
- Signage
About 6368 ELM ST , NORTH BRANCH, MN 55056
6356 house has dual rental units. Built in 1915 the main and 2nd floor unit is a 2123 sqft 3 bedroom 2 bath unit with wood buring fireplace, deck and 2nd floor deck off the master bedroom. The basement apartment is 650 sqft with a studio bedroom, full kitchen and full bathroom. This unit has a shared laundry room in the basement. Currently both units are 100% occupied and generating 3,000 in montly income. The house has 3 parking spots. 6368 is a 1,230 commercial property with a large retail common area the length of the building, 2 offices, 2 storage rooms and 1/2 bathroom with forced air heat and air conditioning. The unit is currently 100% occupied as a photopgraphy studio but has also been a chiropratic clinic and law office over the past 30 years. The property had new flooring put in 2022 and a new roof in 2017 and half the roof was replaced in 2022 to repair damage from tree limbs. Rent is currently 1300/mo but has been as high as 1500/mo. The parking lot is asphalt and has 12 parking spots.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Melissa J Collins Photography Studio
- -
- 1,230 SF
- -
- Dec 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Melissa J Collins Photography Studio | - | 1,230 SF | - | Dec 2026 |
Property Taxes
| Parcel Number | 16-00260-00 | Total Assessment | $384,370 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Annual Taxes | $6,218 CAD ($1.55 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2025 |
Property Taxes
Presented by
Imm Holdings
6368 Elm St
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