$50,000
Lancaster, MN 56735
MLS# 5749204
Status: Closed
1 / 2
Property Description
Great business opportunity! This solid block and brick building has been and is currently leased by the US Postal Service. The USPS lease runs through August 1, 2022 but the USPS has the option to extend the lease through August 1, 2027. The property owner is responsible for building maintenance, taxes and insurance on the structure. The USPS pays for the utility expenses, fuel, lawn care and snow removal.
Details
Maps
Documents
None
Allow Auto Valuation: Yes
Allow Consumer Comment: Yes
MLSID: RMLS
Contract Information
Status: Closed
Off Market Date: 2021-05-21
Current Price: $50,000
Closed Date: 2021-07-02
Sales Close Price: 50000
Original List Price: 59900
Contingency: None
ListPrice: 59900
List Date: 2021-04-29
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: NWMAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 2
Year Built: 1962
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 768
For Sale or Lease: For Sale
Acres: 0.08
Lot Dimensions: 25x130
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: ORIG LANCASTER LOT-013 BLOCK-003
Map Page: 999
Municipality: Lancaster
Rental License?: No
School District Phone: 218-762-5400
Map Coordinate Source: King's Street Atlas
House Number: 113
Street Name: Central
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Lancaster
County: Kittson
State: MN
Zip Code: 56735
Zip Plus 4: 3336
Property ID Number: 380024200
Complex/Dev/Subdivision: Orig Lancaster
Tax Year: 2020
Tax Amount: 161
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Great business opportunity! This solid block and brick building has been and is currently leased by the US Postal Service. The USPS lease runs through August 1, 2022 but the USPS has the option to extend the lease through August 1, 2027. The property owner is responsible for building maintenance, taxes and insurance on the structure. The USPS pays for the utility expenses, fuel, lawn care and snow removal.
Directions: From Hwy 59: turn west into the City of Lancaster and proceed to Central Ave. Property is on the east side of Central Ave.
Assessments
Tax With Assessments: 176
Basement
Foundation Dimensions: 24x32
Building Information
Building Finished SqFt: 768
Building SqFt: 768
Income and Expenses
Annual Gross Expenses: 1000
Annual Gross Income: 8730
Annual Net Income: 7730
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
FIPS Code: 27069
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building,Land,Leases
Unit Details
Total Units: 1
Property Features
Accessible: No Stairs External; No Stairs Internal
Air Conditioning: Central
Basement: None
Construction Status: Previously Owned
Current Use: Commercial
Exterior: Brick/Stone
Financing Terms: Cash
Fuel: Propane
Heating: Forced Air
Loan Terms: Cash; Conventional
Lock Box Type: None
On Site Utilities: Electric Separate; Heating Separate
Parking Characteristics: Uncovered/Open
Sewer: City Sewer/Connected
Tenant Pays: Electricity; Fuel; Janitorial Service; Lawn; Snow Removal; Trash Collection; Water
Water: City Water/Connected
Photo 1 
Listing Office: Nordin Realty Inc.
Last Updated: January - 31 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.