Mound MN Commercial for Sale
$2,650,000
2009 Commerce Boulevard Mound, MN 55364
- Type:
- Low-Rise
- Sq.Ft.:
- 16,324
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.57 Acres
- Year built:
- 1963
- Baths:
- MLS#:
- 6627694
View additional info
Courtesy: Lakes Sotheby's International Realty
952-230-3101
ADDITIONAL INFORMATION
VALUE-ADD! 23-unit apartment property in growing western suburb of Lake Minnetonka. Charming side-by-side buildings with new pitched roofs, gutters, AC-Smith water heaters, and common area lights. New boilers in 2018, hot water baseboards individually controlled via in-unit thermostats. We just began rolling out RUBS, where tenants are responsible for heat, water/sewer, and trash use, 4 units so far and plan was to continue to 100% implementation as units turn. Separate electric with in-unit breakers paid directly by tenants. 2009 Commerce has 12 units and was built in 1963. 2017 Commerce has 11 units and was built in 1970. Eight studios with current average rent $818 (proforma $995), 15 one bedroom units with current average rent $905 (proforma $1,125). Many long-term residents. 11 units have been updated. Significant upside remaining; current ownership must sell as part of a 1031. Price and surety of close important. Neighboring properties provide potential for future development. Demand vs supply and demographics very strong. Nearby Mound Westonka ranks #12 in MN. Main intersection of Commerce and Shoreline Drive including Jubilee (grocery), Walgreens, Carbone's Pizzeria Bar and Grille, Anytime Fitness, True Value Hardware, expanding park and plaza with connecting Dakota Rail Trail, public parking ramp and transit center, Ice Arena... and more, less than 0.5 miles away. Great opportunity!
$1,300,000
2630 Commerce Boulevard Mound, MN 55364
- Type:
- Other
- Sq.Ft.:
- 2,400
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 1966
- Baths:
- MLS#:
- 6563770
View additional info
Courtesy: Lakes Sotheby's International Realty
952-230-3101
ADDITIONAL INFORMATION
Explore this exceptional commercial property near Lake Minnetonka, currently operating as a seasonal jet ski and water sports rental business with a beachside concession stand. Open from June through September, this business thrives on steady beachgoer traffic, but the property’s potential extends far beyond the summer season. With ample space and a flexible layout, it’s ready for year-round opportunities, including winter activities. The sale includes furniture, fixtures, equipment, and the property itself, making it a turn-key operation. Whether you’re dreaming of a cozy coffee shop, a boutique, a restaurant, or a wellness retreat, this versatile space is the ideal canvas for your vision. The location is unmatched, offering endless possibilities to bring your entrepreneurial dreams to life. Furniture, fixtures and equipment included in sale.
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Open House information is subject to change without notice. The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers. Copyright 2024, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Mound Real Estate
The median home value in Mound, MN is $354,000. This is higher than the county median home value of $342,800. The national median home value is $338,100. The average price of homes sold in Mound, MN is $354,000. Approximately 69.29% of Mound homes are owned, compared to 24.63% rented, while 6.08% are vacant. Mound real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Mound real estate agent to arrange a tour today!
Mound, Minnesota 55364 has a population of 9,365. Mound 55364 is more family-centric than the surrounding county with 36.3% of the households containing married families with children. The county average for households married with children is 33.3%.
The median household income in Mound, Minnesota 55364 is $80,583. The median household income for the surrounding county is $85,438 compared to the national median of $69,021. The median age of people living in Mound 55364 is 44.3 years.
Mound Weather
The average high temperature in July is 82.6 degrees, with an average low temperature in January of 4.1 degrees. The average rainfall is approximately 31.4 inches per year, with 50.8 inches of snow per year.