1112 Lake Street
Minneapolis, MN 55407
MLS #4884833

Commercial
  • 0.11acres
$950,000
Est. P&I payment: $3628.36/mo
1112 Lake Street, Minneapolis, MN 55407
  • 1112 Lake Street, Minneapolis, MN 55407 Photo 1
  • 1112 Lake Street, Minneapolis, MN 55407 Photo 2
  • 1112 Lake Street, Minneapolis, MN 55407 Photo 3
  • 1112 Lake Street, Minneapolis, MN 55407 Photo 4
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Description for 1112 Lake Street, Minneapolis, MN 55407
Leases are month to month for the new owner to re-negotiate the terms, most of the tenant are solid and long term tenant. Multiple lots. The building have an open basement.
MLS #4884833
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My Notes for MLS #4884833

General Features

  • Acres: 0.11
  • Current Use: Business Service,​Professional Service
  • Foreclosure Status: No
  • Year Built: 1911
  • Sale Includes: Building,​Land
  • Total Number of Units: 11
  • Status: Active

Exterior Features

  • Exterior: Brick/Stone
  • Parking Characteristics: Attached Garage,​Uncovered/Open
  • Road Frontage: City
  • Lot Description: Corner Lot
  • Lot Dimensions: 45 x 114
  • Garage Stalls: 32

Interior Features

  • Building Finished Square: 8,052
  • Handicap Accessible: None
  • Basement: Full
  • Roof: Flat

Utilities Features

  • Air Conditioning: Central
  • Heating: Forced Air
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Electric Expense: 7,851
  • Annual Fuel Expense: 2,204
  • Annual Insurance Expense: 4,694
  • Annual Maintenance Expense: 4,200
  • Annual Gross Expense: 28,085.77
  • Annual Trash Expense: 1,828
  • Annual Water/Sewer Expense: 4,298
  • Tenant Expenses: Janitorial
  • Unit 1 Monthly Rent: 1,400
  • Unit 2 Monthly Rent: 1,200
  • Unit 3 Monthly Rent: 1,200
  • Unit 4 Monthly Rent: 1,000
  • Unit 5 Monthly Rent: 900
  • Unit 6 Monthly Rent: 900
  • Unit 7 Monthly Rent: 800
  • Annual Net Income: 74,014.23
  • Tax Amount: 26,629
  • Tax Year: 2016
  • Annual Gross Income: 117,000

Community Features

  • County: Hennepin
  • Municipality: Minneapolis
  • Postal City: Minneapolis (MN)
  • Neighborhood: Midtown Phillips

School Features

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Misc Features

  • Amenities - Unit: None
  • Foundation Size: 2,684
  • Zoning: Business/Commercial
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
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Directions to 1112 Lake Street, Minneapolis, MN 55407
LOT 012,013,014 BLOCK 001 ALLAN AND ANDERSON'S 2ND ADD TO MPLS
The listing information for 1112 Lake Street, Minneapolis, MN 55407 was graciously provided by our friends at the listing brokerage, Better Homes and Gardens Real Estate - All Seasons

Get Financing for 1112 Lake Street, Minneapolis, MN 55407

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
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P&I Payment $3628.36
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Last Updated 11/22/2017 at 3:11am
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