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2535 Condon Court Mendota Heights, MN $ 599,900
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$ 599,900 Get more info
2535 Condon Court
$ 599,900
Back to search
Share Save

2535 Condon Court

Mendota Heights, MN, 55120
$ 599,900
Baths0.0 Sq 3,236

Monthly Estimate*

$ 4,190

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Studio

Commercial Property for sale in Mendota Heights, MN

for $599,900. This 3,236 square foot building was built in 1977 on a lot size of 0.38.

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!

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Commercial Active

Price

$ 599,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,582

Style

Office

Lot Size

0.38

Year Built

1977

Town/City

Mendota Heights

County/Region

Dakota

MLS | Web ID

6432139
Features
General
Sewer City Sewer - In Street Mound Septic Septic System Compliant - Yes
Heating Forced Air
Cooling Central Air
Utilities Electric Separate Heating Separate Hot Water Separate
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Wood Siding
Year Built 1977
Tenant Pays All Utilities
Property SubType Office
Tax Year 2023
Current Use Commercial Office Other Residential
Gross Income 59535
Accessibility None
County Dakota
Net Operating Income 47733
Operating Expense 10802
Insurance Expense 870
Property Type Commercial Sale
Contingency None
Directions DODD RD TO MENDOTA RD-SO.ON CONDON COURT
City Mendota Heights
Buyer Agent Compensation 2.50
High School District West St. Paul-Mendota Hts.-Eagan
Zoning Description Business/Commercial
Total Units 1
Street Name Condon
Land Lease Y/N N
Tax Annual Amount 3582
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 226
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Concrete Parking Lot
Water Source Well
Inclusions Building Land
Lot Size Area 0.38
Building Area Total 3236
Lot Dimensions 20x12x92x143x113x141
Lot Size Units Acres
Foundation Area 1962
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Interior
Basement (Y/N) N
Street Suffix Court
Fuel Natural Gas
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Internal Only
Street Number 1 2535
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* Excluded Features
List By
Blackbridge Real Estate

Broker

tom@blackbridgemn.com

Email

Affordability Calculator

$4,489
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,190
Monthly Property Taxes
$299
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3065274 Elementary School
3065314 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/30/2024$599,900 -3.23% Price Down
9/12/2023$619,900 Listed Price

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2535 Condon Court, Mendota Heights, MN, 55120 is a Commercial Property for sale at $599,900 with 3,236 sqft and a lot size of 0.38. 2535 Condon Court is a studio with 0.0 baths and was built in 1977. The property's zip code is 55120 which is in Mendota Heights, MN

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