This Retail Property is no longer advertised on LoopNet.com.

1407 Larpenteur Ave W
Falcon Heights, MN 55113
Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Freestanding
Building Size
1,176 SF
Building Class
C
Year Built
1953
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.50 AC
Zoning
B-1
Parking
15 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
158’ on Albert St

Amenities

  • Bus Line
  • Signage

About 1407 LARPENTEUR AVE W , FALCON HEIGHTS, MN 55113

Stand Alone Retail/Office on Corner Lot on Larpenteur & Albert St. Large 0.5 Acre Corner lot (2 PID #'s). 3 Blocks from Snelling & Larpenteur. Approximately 4 years remaining on current lease with Get Pressed Dry Cleaning & Laundry Services (currently only a drop site). Great investment or redevelopment opportunity. NNN lease. Tenant pays all expenses/operating costs and is responsible for maintenance/repairs. Tenant is responsible for base rent, taxes, insurance, utilities, lawn/snow removal, maintenance, and repairs. Very solid Tenant with 11 other locations and personal guaranty for both owners of the business. Seller purchased in 2005 with an SBA loan and underwriting approved it with the environmental report. Reach out to Brokers for lease, Phase I from October 2004, & survey.

Property Taxes

Property Taxes

Parcel Number
15-29-23-34-0061
Land Assessment
$127,300
Improvements Assessment
$56,600
Total Assessment
$183,900
  • Listing ID: 12468372

  • Date on Market: 5/4/2018

  • Last Updated:

  • Address: 1407 Larpenteur Ave W, Falcon Heights, MN 55113

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