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Mixed Use Huge Commercial Property On a busy street-Erskine,MN-calling Investors

 

Location: Santa Clara, California

Shipping: TBD

Time Left: Expired

$2600.00

For sale by owner---- bidding is for full purchase price--bidding starts at $1--serious bidders only please.. Up for sale is commercial property in the ERSKINE,MN.This huge commercial building is on a busy commercial street in down town of ERSKINE,MN.Previously there was a Upholstery business that was running in this property but is now closed and the property is now vacant and in need of TLC .Perfect for investors or those who wanted to live ,store their inventory and do business all under one roof. If you wanted to make cash purchase send me your offer. Property Details:Commercial Space-640 sft(23%) Resedential space including garage -2096 sft (77%) Total Living space-2736 sft Lot size-3500 sft Zoned-- Commercial Parcel Number: 84.00093.00 This high potential Property is in downtown Erskine is flanked by many businesses. and is sitting right next to US highway 2 , making it convenient for those looking to establish their business. The property has Commercial space+ residential space + garage space. Almost lake view property:This property is less than 500 feet to Cameron lake. It also has a bathroom with sink and a toilet. Commercial properties in downtown area's do not come up very frequently for sale..Perfect for long term investment. It is located in a high traffic zone and roughly 2100 vehicles move in the street(as per MN traffic data). Assessed value as per county $24,300 Note:2017 Property taxes, $972.40 are pending and they are buyers responsibility.This amount will be added to the final bid,as the county recorders office does not allow the deed transfer if prior year taxes are pending.All the prior year taxes are paid only 2017 year tax is to be paid. Below link shows the homes are being sold in Erskine on average bet ween 50k-200k https://p.flexmls.com/juverealestate/portal/new-search/default/listings?_filter=MlsStatus%20Eq%20%27Pending%27%2C%27Closed%27%20And%20PropertyType%20Eq%20%27A%27%2C%27B%27%2C%27C%27%2C%27E%27%20And%20(CloseDate%20Bt%202016-11-29%2C2027-11-29%20Or%20StandardStatus%20Ne%20%27Closed%27)%20And%20(PurchaseContractDate%20Bt%202016-11-29%2C2027-11-29%20Or%20StandardStatus%20Ne%20%27Pending%27)%20And%20(City%20Eq%20%27Erskine%27)&_is_new_search=true As Per MN traffic data the average traffic on this street is 2100 card/day.Since this is in a high traffic zone It would be a perfect investment for someone looking to open up a to-go restaurant or a quick-stop store or any other business and it would ensure high exposure to large number of customers. The real estate market in MN is booming and there are only a few competitors in Erskine as far as businesses go. I got a note from a local realtor that this is a great location for setting up the billboard as it is right next to highway,Billboards are in high demand and roughly earn $1000-$2000/month depending on the traffic .talk to county ,pull permit ,set up on your own or you can lease the property long term to people looking to set up their billboards,that way you will get immediate cash flow without spending a penny from your pocket.Don't lose this high potential income property in all aspects. Please bid "only if you are seriously interested and have funds to make payment immediately". Terms:Buyers must do due diligence and by bidding they are agreeing to terms here.Property is sold "as is" and "where is" without warranties of any kind expressed or implied.Seller is selling the property "As-Is" with all liens ,encumbrances,back taxes,special assessments,defects and buyer is fully responsible for them if any.Seller has never visited or lived in the property,all the info provided is deemed reliable but not guaranteed.By bidding here you agree that you have done your research and are satisfied with the results.Transfer is by quit claim deed. $1000 is due immediately at the end of auction.Total payment is due within 48hrs by wire transfer .No excuses. $559 is to be added to winning bid to cover the deed preparation cost.Final bid= winning bid+ $972.40+$559 Ask all the questions during auction.after end of auction only payment related questions will be answered.

  • Seller State of Residence: California
  • City: Erskine
  • State/Province: Minnesota
  • Property Type: Commercial
  • Property Address: 106 Vance Street S Erskine,MN
  • Setting: Urban, City
  • Sale Type: Existing Homes
  • For Sale by: Owner
  • Number of Bathrooms: 1
  • Square Footage: 2736
  • Zip/Postal Code: 56535