$ 435,000 $ 434,900

203 Mississippi ST NE

Fridley, MN 55432

  • 6,969 Lot Size
  • 1960 Year Built
Prime investment opportunity in Fridley, Minnesota! This versatile multi-use building, conveniently zoned R3 Multi-Use Dwelling, houses three commercial rental units. Embrace the potential to own, occupy, or invest with a lucrative 10% cap rate. Alternatively, make this your business hub while renting out surplus units to optimize returns. The upper level exudes professionalism with a welcoming lobby, five private offices, a modern galley kitchen, restroom, conference room and storage. Downstairs, two rental units brim with amenities. The building boasts 3 bathrooms, including one on garden level with a shower. Recent upgrades include a 2018 full remodel, HVAC replacements in the last four years, and a plethora of new windows in 2023. Notably, the rear parking lot was renovated in 2020. Positioned on the bustling County Road 6/Mississippi Street NE, this high traffic location ensures excellent visibility for your business success!
Listed by Dustin Dodge of Ferndale Realty

PROPERTY DETAIL

  • Key Details

    Sold Price $435,000

    Property Type Commercial

    Sub Type Office

    Listing Status Sold

    Purchase Type For Sale

    Subdivision Rice Creek Plaza South Add

    MLS Listing ID 6466474

    Sold Date 04/03/24

    Year Built 1960

    Annual Tax Amount $6,524

    Tax Year 2022

    Contingent None

    Lot Size 6,969 Sqft

    Acres 0.16

    Lot Dimensions 88x65

    Property Sub-Type Office

  • Location

    State MN

    County Anoka

    Zoning Business/Commercial,Residential-Multi-Family

  • Building

    Story Two

    Foundation 1950

    Sewer City Sewer/Connected

    Water City Water/Connected

    Level or Stories Two

    Structure Type Brick/Stone,Metal Siding,Wood Siding

  • Interior

    Heating Forced Air

    Cooling Central Air

    Fireplace No

  • Exterior

    Parking Features Open

    Utilities Available Electric Common, Heating Separate

    Roof Type Rubber

    Present Use Professional/Office,Beauty/Barber Shop,Office,Other,Professional Service,Residential

  • Schools

    School District Fridley

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