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315 Jackson Avenue NW Elk River, MN $ 595,000
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$ 595,000 Get more info
315 Jackson Avenue NW
$ 595,000
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315 Jackson Avenue NW

Elk River, MN, 55330
$ 595,000
Bedrooms-- Baths--

Monthly Estimate*

$ 4,110

315 Jackson Avenue NW, Elk River, MN 55330 - Image 1
315 Jackson Avenue NW, Elk River, MN 55330 - Image 2
315 Jackson Avenue NW, Elk River, MN 55330 - Image 3
315 Jackson Avenue NW, Elk River, MN 55330 - Image 4
315 Jackson Avenue NW, Elk River, MN 55330 - Image 5
315 Jackson Avenue NW, Elk River, MN 55330 - Image 6

Commercial Property for sale in Elk River, MN

for $595,000. This building was built in 1900 on a lot size of 0.06.

EXCELLENT INVESTMENT WITH AN 8+ CAP RATE! SALE INCLUDES REAL ESTATE AND 3 LEASES, NEITHER BUSINESS IS FOR SALE-POMPEII PIZZERIA AND DIAMOND CITY BREAD. THERE IS A TWO BEDROOM APARTMENT UPSTAIRS ON A MONTH TO MONTH LEASE AT BELOW MARKET RATE. THE CURRENT RENT, NOT MARKET RENT, IS INCLUDED IN THE NUMBERS. NEW ROOF 2024

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Commercial Active

Price

$ 595,000

Property Type

Commercial

Taxes

$ 4,114

Style

Lot Size

0.06

Year Built

1900

Town/City

Elk River

County/Region

Sherburne

MLS | Web ID

7168926
Features
General
Sewer City Sewer/Connected
Heating Forced Air Outdoor Furnace
Utilities Electric Separate Heating Separate
Roof Age 8 Years or Less
Garage Spaces 0
Construction Materials Brick
Year Built 1900
Tax Year 2026
Current Use Residential Restaurant Retail
Gross Income 79254
Accessibility Other
County Sherburne
Net Operating Income 50000
Operating Expense 29254
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Village Elk River
Directions Downtown Elk River
City Elk River
High School District Elk River
Zoning Description Business/Commercial
Number Of Units Total 3
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 4114
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features More Parking Offsite for Fee
Lot Features Property Adjoins Public Land
Water Source City Water - In Street
Inclusions Building Leases
Lot Size Area 0.06
Lot Dimensions 30x92
Waterfront Y/N N
Foundation Area 1800
Road Frontage Type City Street
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Interior
Basement (Y/N) N
Fuel Natural Gas
Garage Square Feet 0
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Internal Only
Street Number 1 315
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* Excluded Features
List By
Bridge Realty, Llc

Broker

steven11pierce@gmail.com

Email

Affordability Calculator

$4,452
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,110
Monthly Property Taxes
$343
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
11/4/2026$595,000 Listed Price

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315 Jackson Avenue NW, Elk River, MN, 55330 is a Commercial Property for sale at $595,000 with a lot size of 0.06. 315 Jackson Avenue NW was built in 1900. The property's zip code is 55330 which is in Elk River, MN

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