For Sale Commercial MLS# 7065559

31503 125 1/2 Street

Princeton, MN 55371

$499,000

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About 31503 125 1/2 Street

Great opportunity to own this commercial building on prime Princeton location. Perfect for owners shop and office in front and rent out the rest of the building for storage. Large 112x42 two story building currently being used as a storage facility offers: 2 - 41 deep units with 12x16 overhead doors, 1 - 24 deep unit with 10x14 overhead door and attached office space, 12 - 20x10 units with 9x7 overhead doors. Upper level offers 5 - 10x18 units all with windows and electric. 11 new 8x20 containers added to the property in 2020. New roof installed 2022. *Potential cap rate of 11.1% with rent increase and units to market rate.*

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
2002
Lot
0.69
Original price
$499,000
MLS #
7065559

Exterior & lot

Features
Steel Siding, Attached Garage, Asphalt, Multiple Garages, Parking Lot, RV Access/Parking, Secured, Storage, Open, Units Vary
Construction
Slab
Foundation
Slab
Lot
01004250112, Storage Facility
Parking
Attached Garage, Asphalt, Multiple Garages, Parking Lot, RV Access/Parking, Secured, Storage, Open, Units Vary

Schools

District
Princeton Public School District

Utilities

Utilities
Private Sewer, Tank with Drainage Field, Well, Electric Separate, Hot Water Separate
Water
Well
Sewer
Private Sewer, Tank with Drainage Field

Financial

Financial
northstar
Annual tax
$4,574
Tax year
2025
Parcel
01004250112

Location

Subdivision
Georgetown First Add
County
Sherburne
Community
Sherburne, northstar, Princeton
Directions
South on 125th St, turn Right on 316 Ave, that will curve south and turn into 125 1/2 St NW. Property will be on the Left (East) side of road.

Location

Neighborhood
Georgetown First Add
School district
Princeton Public School District

Ask about this property

Questions on 31503 125 1/2 Street, Princeton, MN 55371, or want to see it in person?

Listed by Jared Hansen, Edina Realty, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.