Cambridge, MN 55008,237 2nd AVE SW
Cambridge, MN 55008,237 2nd AVE SW
Cambridge, MN 55008,237 2nd AVE SW
6
$555,000
$634,000
12.5%
Est.Price: ?

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0.36 Acres Lot

237 2nd AVE SW Cambridge, MN 55008

Est. payment /mo
SOLD DATE : 11/24/2021

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Key Details

Sold Price $555,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Subdivision Original Townsite Cambridge

MLS Listing ID 6029714

Sold Date 11/24/21

Year Built 1887

Annual Tax Amount $12,114

Tax Year 2021

Contingent None

Lot Size 0.360 Acres

Acres 0.36

Lot Dimensions 150x125

Property Description

Attention Investors! Original Isanti County Court House completely remodeled into commercial offices with distinction. Multiple office spaces with quality tenants and extended leases. Excellent investment opportunity with an 11.5% Cap Rate based on the current NOI and room for growth by filling vacancies. The elevator offers accessibility to the main floor and second floor, three new forced air furnaces and central A/C units were recently added, audio/video class 5 wiring throughout the building, 11' high ceilings, exterior sign marquee, 10 private parking spaces with adjacent city owned parking lot and ample on-street parking, and manicured lawn and shade trees. Fabulous downtown location in the growing city of Cambridge with easy access to dining, services, public transportation, and parks!

Location

State MN

County Isanti

Zoning Business/Commercial

Rooms

Basement Full, Walkout

Interior

Heating Forced Air, Hot Water

Cooling Central Air, Ductless Mini-Split

Fireplace No

Exterior

Garage Paved

Utilities Available Electric Common, Heating Common, Hot Water Common

Roof Type Age Over 8 Years,Flat,Metal,Pitched,Rubber

Present Use Professional/Office,Professional Service

Parking Type Paved

Building

Lot Description Corner Lot, Tree Coverage - Light

Foundation 5200

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone

Schools

School District Cambridge-Isanti

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Listed by Carrie Gibbs • Century 21 Moline Realty Inc

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Nicole Biczkowski

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