250 St John Street Loretto, MN ^$ 1,699,000

250 St John Street

^$ 1,699,000

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250 St John Street

Loretto, MN, 55357

^$ 1,699,000

Studio Baths0.0 Sq 24,140

Monthly Estimate*

^$ 11,868

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Studio

Commercial Property for sale in Loretto, MN

for $1,699,000. This 24,140 square foot building was built in 1987 on a lot size of 1.89.

Check out this industrial investment opportunity! This building has in-place income, multiple tenants, 88% occupied with some room to continue to grow the NOI. It's nicely situated near downtown Loretto, MN with access to highway 55 and 19 and it's walking distance to multiple restaurants. See the brochure for more information. Financials are available upon request.

Commercial Active

Price

^$ 1,699,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 27,358

Style

Industrial

Lot Size

1.89

Year Built

1987

Town/City

Loretto

County/Region

Hennepin

MLS | Web ID

6481318

Features

General

Sewer City Sewer/Connected City Sewer - In Street

Heating Forced Air

Utilities Electric Common Heating Common Hot Water Common

Garage Spaces 4

Construction Materials Aluminum Siding Brick/Stone Metal Siding Wood Siding

Year Built 1987

Property SubType Industrial

Tax Year 2023

Current Use Industrial Manufacturing Professional Service Storage Facility

Gross Income 192041

Accessibility Partially Wheelchair Wheelchair Ramp(s)

County Hennepin

Net Operating Income 106471

Property Type Commercial Sale

Contingency None

Subdivision Name Auditors Sub 232

Directions West on Hwy 55 south on Hwy 19 west on St. Peter St and drive to property

City Loretto

Buyer Agent Compensation 2.50

High School District Delano

Zoning Description Industrial

Total Units 8

Street Name St John

Land Lease Y/N N

Tax Annual Amount 27358

Additional Parcels Y/N N

Days on Market 14

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Open

Water Source Shared System

Inclusions Building Land Leases

Lot Size Area 1.89

Building Area Total 24140

Lot Dimensions 353x200

Lot Size Units Acres

Foundation Area 24140

Interior

Basement (Y/N) N

Street Suffix Street

Fuel Natural Gas

Internal Only

Street Number 1 250

* Excluded Features

List By

Commercial Investors Group Llc

Broker

james@cre-fund.com

Affordability Calculator

$14,148

Per Month

Monthly Principal & Interest: $11,868
Monthly Property Taxes: $2,280
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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Nearby

Trends
Schools

Commerical listings in Loretto, MN

Average List Price ^$1,274,500

Percent of Sale Price 25%

About Loretto, MN

580 Population

94% Since 2002

^$123,295 Median Income

42.34 Median Age

46% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

709437 Elementary School

708373 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/25/2024	$1,699,000		Listed Price

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250 St John Street, Loretto, MN, 55357 is a Commercial Property for sale at $1,699,000 with 24,140 sqft and a lot size of 1.89. 250 St John Street is a studio with 0.0 baths and was built in 1987. The property's zip code is 55357 which is in Loretto, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/30/2024.

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250 St John Street

Commercial Property for sale in Loretto, MN

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