324 Lowell Avenue Nw, Elk River

$1,450,000

Photo Gallery
0 Bed
0 Bath
0 Acre
0 Garage

6.55% Cap Rate. 2022 built Caribou Cabin with prime Hwy 10 frontage. Triple net lease with 9 years remaining of the initial 10-year term. 10% rent increase after year 5. Three additional 5-year options with 10% rent increases after the initial 10-year term.

Essential Information
MLS® #6431730
Price$1,450,000
Bathrooms0.00
Acres0.00
Year Built2022
TypeCommercial Sale
StatusActive
Community Information
Address324 Lowell Avenue Nw
SubdivisionVillage Elk River
CityElk River
CountySherburne
StateMN
Zip Code55330
Amenities
GaragesParking Lot
Interior
HeatingForced Air
CoolingCentral Air
Exterior
Lot DescriptionCorner Lot
RoofMetal
Construction

Brick/Stone, Fiber Cement, Metal Siding, Wood Siding

School Information
DistrictElk River
Additional Information
Days on Market233
ZoningBusiness/Commercial
Listing Details
OfficeAcuity Group
Property History
Price Reduced from $1,525,000 to $1,450,000
Price Reduced from $1,600,000 to $1,525,000
Price Reduced from $1,650,000 to $1,600,000
Price Reduced from $1,750,000 to $1,650,000
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Listing information last updated on May 1st, 2024 at 9:28pm CDT.