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Key Details
Sold Price $150,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Bunkers Add
MLS Listing ID 6478759
Sold Date 03/27/24
Year Built 1935
Annual Tax Amount $2,350
Tax Year 2023
Contingent None
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 25x125
Property Description
For Sale: Downtown Cambridge Office Building with Established Tenant! This Main Street property showcases a delightful storefront with display windows, existing signage, two units, two front entrances and two back doors, a shared hallway leading to an ADA bathroom, and a parking lot with 5 assigned spaces accessible from the alley. The current tenant occupies both units but is open to renegotiating their lease, potentially freeing up unit 125 for the buyer's use while the tenant remains in unit 123. Recent interior upgrades in the past five years include new carpet, tile, paint, a renovated ADA bathroom, 6-panel wood doors, and a new furnace and A/C. Interested buyers should reach out to the City of Cambridge for details on zoning rules and restrictions. Don't miss the chance to own, occupy, or invest in this property with a lucrative 8% cap rate.
Location
State MN
County Isanti
Zoning Business/Commercial
Rooms
Basement Partial, Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Assigned, Paved, Open
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age Over 8 Years,Flat,Rubber
Present Use Professional Service
Building
Story One
Foundation 609
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Block,Wood Siding
Schools
School District Cambridge-Isanti
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