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30 8th St N 5,500 SF Office Building Cloquet, MN 55720 $320,000 ($58.18/SF) 15.00% Cap Rate
Executive Summary
Large 2 story Office Space yet efficient. this 5500 sq ft commercial building is equipped with 2 units and a total of 17 rooms that include private offices, conference room, Kitchen, 3 bathrooms and plenty of storage. 2 forced air, high efficiency furnaces with central air for cooling. 13 parking spaces (with the potential for more) surround the building that is situated on a corner lot in the heart of the business district in Cloquet, MN.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,500 SF
Building Class
C
Year Built
1970
Price
$320,000
Price Per SF
$58.18
Cap Rate
15.00%
NOI
$48,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,750 SF
Slab To Slab
10’
Building FAR
0.25
Lot Size
0.50 AC
Zoning
Commercial - City Center District
Parking
13 Spaces (2.36 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Best Oil Company
- Retailer
- 500 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Best Oil Company | Retailer | 500 SF | - | - |
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Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 06-275-0720 | Improvements Assessment | $223,300 |
| Land Assessment | $22,800 | Total Assessment | $246,100 |
Property Taxes
Parcel Number
06-275-0720
Land Assessment
$22,800
Improvements Assessment
$223,300
Total Assessment
$246,100
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30 8th St N
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