Fridley, MN 55432,203 Mississippi ST NE
Fridley, MN 55432,203 Mississippi ST NE
Fridley, MN 55432,203 Mississippi ST NE
23
$435,000
$434,900
Est.Price: ?

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6,969 Sqft Lot

203 Mississippi ST NE Fridley, MN 55432

Est. payment /mo
SOLD DATE : 04/03/2024

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Key Details

Sold Price $435,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Subdivision Rice Creek Plaza South Add

MLS Listing ID 6466474

Sold Date 04/03/24

Year Built 1960

Annual Tax Amount $6,524

Tax Year 2022

Contingent None

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 88x65

Property Description

Prime investment opportunity in Fridley, Minnesota! This versatile multi-use building, conveniently zoned R3 Multi-Use Dwelling, houses three commercial rental units. Embrace the potential to own, occupy, or invest with a lucrative 10% cap rate. Alternatively, make this your business hub while renting out surplus units to optimize returns. The upper level exudes professionalism with a welcoming lobby, five private offices, a modern galley kitchen, restroom, conference room and storage. Downstairs, two rental units brim with amenities. The building boasts 3 bathrooms, including one on garden level with a shower. Recent upgrades include a 2018 full remodel, HVAC replacements in the last four years, and a plethora of new windows in 2023. Notably, the rear parking lot was renovated in 2020. Positioned on the bustling County Road 6/Mississippi Street NE, this high traffic location ensures excellent visibility for your business success!

Location

State MN

County Anoka

Zoning Business/Commercial,Residential-Multi-Family

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Parking Features Open

Utilities Available Electric Common, Heating Separate

Roof Type Rubber

Present Use Professional/Office,Beauty/Barber Shop,Office,Other,Professional Service,Residential

Building

Story Two

Foundation 1950

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick/Stone,Metal Siding,Wood Siding

Schools

School District Fridley

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Listed by Dustin Dodge • Ferndale Realty

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agent

Nawaf Aljaleeli

+1(651) 460-0685

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