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6368 Elm St 4,003 SF 100% Leased Office Building North Branch, MN 55056 $495,000 ($123.66/SF) 5.72% Cap Rate
Investment Highlights
- 1 block off main street and Hwy 61
- High traffic area for full rental property or layout supports live onsite owner in one of the 2 rental units
- Zoned residental and Commercial
Executive Summary
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Signage
About 6368 ELM ST , NORTH BRANCH, MN 55056
6356 house has dual rental units. Built in 1915 the main and 2nd floor unit is a 2123 sqft 3 bedroom 2 bath unit with wood buring fireplace, deck and 2nd floor deck off the master bedroom. The basement apartment is 650 with a studio bedroom, full kitchen and full bathroom. This unit has a shared laundry room in the basement. Currently both units are 100% occupied and generating 3,000 in montly income. The house has 3 parking spots. 6368 is a 1,230 commercial property with a large retail common area the length of the building, 2 offices, 2 storage rooms and 1/2 bathroom with forced air heat and air conditioning. The unit is currently 100% occupied as a photopgraphy studio but has also been a chiropratic clinic and law office over the past 30 years. The property had new flooring put in 2022 and a new roof in 2017 and half the roof was replaced in 2022 to repair damage from tree limbs. Rent is currently 1300/mo but has been as high as 1500/mo. The parking lot is asphalt and has 12 parking spots.
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Melissa J Colling Photography Studio
- -
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Melissa J Colling Photography Studio | - | 99,999 SF | - | Jan 0000 |
Property Taxes
| Parcel Number | 16-00260-00 | Total Assessment | $279,800 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
Property Taxes
Presented by
Imm Holdings
6368 Elm St
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