Great packaged deal in Hayfield, MN! This deal is for the commercial building and for both the parcels of land. The commercial property is roughly 5,000 sqft, is 3/4 rented out, and needs no work on neither the interior nor exterior. All of the walls on the interior are moving walls, so it can be remodeled to suit your future tenants' needs. The current leases are month to month, except for the higher-end, recently remodeled office, which has a lease that can be renewed on 1/1/2017. Rent roll Side/front office (which is currently vacant only because current owner has not looked to fill it): $1,500 Other front office (newly remodeled, higher-end office): $1,000 Back/right office: $1,000 Front/right office in corner: $350 Back offices (Currently tanning salon): $325 with reimbursement for electricity usage from the tanning beds. Once a month the meter is read, and they pay rent plus whatever kilowatt hours they use. Total current potential rent = $4,175 Costs Utilities (electric and gas): $250 Water: $30 Internet: (fiber optic ultra high-speed internet that services whole building): $200 Total average monthly costs = $480
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.