Active
11972 Portland Avenue
Burnsville MN, 55337
$529,900
$136.26 per sqft
Active
3,889 sqft
Commercial
Built in 2002
Exceptional opportunity, a ranch-style office condo divided into two units, each with separate entries, perfect for business owners looking to own their own space instead of renting. This setup not only offers independence but also the potential to subsidize mortgage payments through rental income. For investors, this property is a dream come true, boasting a potential cap rate of over 13% based on current market rents. Strategically located with effortless access to major highways and transportation hubs, it ensures convenience for tenants and maximum visibility for businesses. Whether you're looking to secure your business's future or expand your investment portfolio, this property promises both stability and significant returns. Don't miss out on this prime opportunity - schedule your viewing today and take the next step towards owning a lucrative piece of real estate.
6601815
MLSⓇ ID
September 16, 2024
Listed
November 22, 2024
Updated
Map
11972 Portland Avenue
Burnsville MN, 55337
Interior Features
Appliances
None
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.06 Acres
Sewer
City Sewer - In Street
School Information
School District
Burnsville-Eagan-Savage
Other Property Details
Taxes
$12,600
Tax Frequency
Annually
Association Amenities
Fire Sprinkler System
Garage
Yes
Garage Spaces
1
Parking
Detached
View
No
County
Dakota
Water Source
City Water/Connected
Pool
No
Courtesy of RE/MAX Advantage Plus
If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Maggie Trenary shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 7:21 AM UTC, 11/22/2024