1407 Larpenteur Ave W
Falcon Heights, MN 55113
Retail Property For Sale
Property Facts
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
| Parcel Number | 15-29-23-34-0061 | Improvements Assessment | $56,600 |
| Land Assessment | $127,300 | Total Assessment | $183,900 |
Property Taxes
