Mendota Heights, MN 55120 2535 Condon Court
$569,900
Pending
20 more
Presented By: Blackbridge Real Estate
SQFT • 3,236
Home Details
Great opportunity for an investor. 7.0+% Cap Rate on this Double Net Leased Property. This large lot at a cul-de-sac is a commercial building that is 100% occupied by the Bridge Autism Clinic who operates during daily normal business hours. They have more than 3 years left on their lease with annual increases. Tenant pays for all operating expenses except Taxes and Insurance. Has had many upgrades within the past few years. Great Unique Investment Opportunity!
Presented By: Blackbridge Real Estate
Interior Features for 2535 Condon Court
Other Interior Features
Basement (Y/N)No
FuelNatural Gas
General for 2535 Condon Court
AccessibilityNone
Additional Parcels Y/NNo
AppliancesRange, Refrigerator
CityMendota Heights
Construction MaterialsWood Siding
ContingencyNone
CoolingCentral Air
CountyDakota
Current UseCommercial, Office, Other, Residential
DirectionsDODD RD TO MENDOTA RD-SO.ON CONDON COURT
Electric Expense
Fuel Expense
Garage Spaces
Gross Income59535
HeatingForced Air
High School DistrictWest St. Paul-Mendota Hts.-Eagan
Insurance Expense870
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income47733
NumberOfUnitsTotal1
Operating Expense10802
PostalCityMendota Heights
Property SubtypeOffice
Property TypeCommercial Sale
SewerCity Sewer - In Street, Mound Septic, Septic System Compliant - Yes
Standard StatusPending
Tax Annual Amount3582
Tax Year2023
Tenant PaysAll Utilities
Trash Expense0
UtilitiesElectric Separate, Heating Separate, Hot Water Separate
Water Sewer Expense0
Year Built1977
Zoning DescriptionBusiness/Commercial
Exterior for 2535 Condon Court
Building Area Total3236
Foundation Area1962
InclusionsBuilding, Land
Lot Dimensions20x12x92x143x113x141
Lot Size Area0.38
Parking FeaturesConcrete, Parking Lot
Water SourceWell
Additional Details
Price History
Patty Zuzek
Broker MN and WI