For Sale: Loretto MLS# 6767466
Active
NEW!
$1,200,000
Commercial: Other
Built 1980
1.73 acres
Delano schools
MLS# 6767466
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Property Description
Great opportunity for an owner-occupant or an investor. 95% leased and located in downtown Loretto, near shopping and restaurants.
This property offers solid income with no delinquencies, is easy to manage, and still has room to grow. Current tenants include long-term occupants such as the City of Loretto and the Loretto Fire Department.
Highlights:
90% leased with reliable, long-term tenants
Prime downtown location near amenities
Flexible warehouse and office space
Easy to manage with growth potential
Brand new HVAC units in 2025
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,200,000
Property Type:
Commercial
City:
Loretto
Garage Spaces:
0
County:
Hennepin
Year Built:
1980
State:
MN
Property Style:
Other
Zip Code:
55357
Subdivision Name:
Hillview West Add
Interior
Refrigerators:
One
Basement Details:
Full
Exterior
Garage Spaces:
0
Other Parking Spaces:
92
Air Conditioning:
Central Air, Zoned
Foundation Size:
10,212 ft2
Handicap Accessible:
Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Paved
Shared Amenities:
Concrete Floors & Walls
Road Frontage:
City Street
Exterior Material:
- Aluminum Siding
- Brick/Stone
Roof Details:
Flat
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
1.73
Geolocation:
45.055533, -93.634643
Inclusions:
Building, Land
Lot Dimensions:
264 x 292
Zoning:
Business/Commercial
Lot Description:
Some Trees
Schools
School District:
879
District Phone:
763-972-3365
Expenses
Annual Electric Expense:
$15,449
Annual Fuel Expense:
$9,655
Annual Insurance Expense:
$3,720
Annual Maintenance Expense:
$7,994
Annual Gross Expense:
$114,122
Annual Trash Expense:
$5,692
Annual Water/Sewer Expense:
$3,050
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$34,744
Lender-owned:
Not disclosed
Assessment Pending:
No
Taxes w/ Assessments:
None
Income
Annual Gross Income:
$196,217
Rent
Annual Net Income:
$82,095
Units
Total Units:
1
Miscellaneous
Current Use:
- Professional Service
- Professional/Office
- Warehouse
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Bullseye Properties & Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.