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11024-11038 183rd Circle NW Elk River, MN $ 2,400,000
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$ 2,400,000 Get more info
11024-11038 183rd Circle NW
$ 2,400,000
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Adult Community
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11024-11038 183rd Circle NW

Elk River, MN, 55330
$ 2,400,000
Bedrooms16 Baths16.0 Sq 1,442

Monthly Estimate*

$ 16,576

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Commercial Property for sale in Elk River, MN

for $2,400,000 with 16 bedrooms and 16 full baths. This 1,442 square foot building was built in 2020 on a lot size of 1.78.

55+ 1-Level rental community built in 2020. Hard to find investment opportunity. Community consists of 4 twin homes (8 units). Each unit has a separate PID to provide for residential v.s commercial property tax rate and ease of forming association if owner wanted to sell units individually. Units boast a great floorplan and are well appointed. Very stable and loyal tenant base that have been taking great care of their respective units. Conveniently located on a quiet cul-de-sac and close to local shopping and the Hwy 101/169 corridor.

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Commercial Active

Price

$ 2,400,000

Bedrooms

16

Full Bath

16

Property Type

Commercial

Taxes

$ 30,528

Style

Lot Size

1.78

Year Built

2020

Town/City

Elk River

County/Region

Sherburne

MLS | Web ID

7037372
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Separate Heating Separate Hot Water Separate
Roof Age 8 Years or Less Asphalt Pitched
Appliances Air-To-Air Exchanger Dishwasher Disposal Dryer Electric Water Heater Microwave Range Refrigerator Stainless Steel Appliances Washer
Garage Spaces 2
Pool Features None
Year Built 2020
Tenant Pays All Utilities
Topography Level
Levels One
Tax Year 2026
Current Use Residential
Gross Income 210720
Accessibility No Stairs External No Stairs Internal
Additional Parcels Description 75009040110 75009040115 75009040120 75009040125 75009040130 75009040135 75009040145 75009040140
County Sherburne
Net Operating Income 157720
Operating Expense 53000
Insurance Expense 9530
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 7000
Subdivision Name Mulvaney Point Twin Homes
Possible Use Income Medical/Dental
Directions Hwy 169 to East on Main St (Cty Rd 12). Left on Line Ave. Right on 183rd Circle to cul-de-sac.
City Elk River
High School District Elk River
Zoning Description Residential-Single Family
Number Of Units Total 8
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 30528
Water Sewer Expense 1500
Additional Parcels Y/N Y
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s) Kitchen Center Island Primary Bedroom Walk-In Closet Main Floor Primary Bedroom Other Patio Paneled Doors In-Ground Sprinkler Washer/Dryer Hookup
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Interior
Basement None
Basement (Y/N) N
Total Bedrooms 16
Total Baths 16
Ceiling Height 8-10
Fuel Natural Gas
Garage Door Width 7
Garage Square Feet 450
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Exterior
Parking Features Attached Garage Asphalt Insulated Garage Paved Lot
Lot Features Tree Coverage - Medium
Water Source City Water/Connected
Inclusions Building Land Rental License
Lot Size Area 1.78
Building Area Total 1442
Lot Dimensions 211x302x391x339
Waterfront Y/N N
Foundation Area 1442
Road Frontage Type City Street Cul De Sac Paved Streets
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 11024
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* Excluded Features
List By
Acuity Group

Broker

dustin@acgproperty.com

Email

Affordability Calculator

$19,120
Per Month
87%
13%
0%
Monthly Principal & Interest
$16,576
Monthly Property Taxes
$2,544
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
708280 Elementary School
708820 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/31/2026$2,400,000 -4.00% Price Down
4/9/2026$2,500,000 -5.66% Price Down
3/16/2026$2,650,000 Listed Price

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11024-11038 183rd Circle NW, Elk River, MN, 55330 is a Commercial Property for sale at $2,400,000 with 1,442 sqft and a lot size of 1.78. 11024-11038 183rd Circle NW has 16 bedrooms, 16.0 baths, and was built in 2020. The property's zip code is 55330 which is in Elk River, MN

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