Inver Grove Heights MN Commercial for Sale

ADDITIONAL INFORMATION

Located at the crossroads of Mendota Heights, Sunfish Lake, Inver Grove Heights and West Saint Paul business districts. This prime 1.2-acre location is just North of Interstate 494, Hwy 62, and South Robert Street intersection and just a little east of Interstate 35E. The property is easy to access from all directions, with traffic counts of approximately 9,000 vehicles daily on Mendota Road and 20,600 on Robert St. The space was formerly used as a veterinary clinic, with an additional building used for office space. The new owner has the opportunity to occupy either of the buildings and rent out the other building. The main building is 6,945 SF, and the additional smaller building has 2,880 SF. Both buildings are currently unoccupied - a great opportunity for an owner-operator.

ADDITIONAL INFORMATION

Value Add Multi-Tenant NNN Investment Long Term Tenants Current NOI $111,005.72 Stabilized NOI $152,265.40 Current CAP Rate 6.2 Stabilized CAP Rate 8.5 Current Occupancy 79.34% Professional Property Management In Place Excellent Condition Vacancy Easily Divided

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Endless possibilities in this commercial property close to Mississippi River and convenient access to I-494. Tons of open space with soaring 16-foot ceilings. 1 office space, 1 bathroom, and 1 kitchen. Two garage doors 12 feet wide x 14 feet high.