Sold

324 Lowell Avenue NW

Elk River MN, 55330

$1,325,000


$2,190.08 per sqft

Sold

605 sqft

Commercial

Built in 2022

6.79% Cap Rate. 2022 built Caribou Cabin with prime Hwy 10 frontage. Triple net lease with 8.5 years remaining of the initial 10-year term. 10% rent increase after year 5. Three additional 5-year options with 10% rent increases after the initial 10-year term.

6431730

MLS ID

September 13, 2023

Listed

November 25, 2024

Updated

Map

324 Lowell Avenue NW
Elk River MN, 55330

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Features

Corner Lot


Roof

Metal


Sewer

City Sewer/Connected

School Information

School District

Elk River

Other Property Details

Taxes

$4,444


Tax Frequency

Annually


Days on Market

440


Garage

No


Parking

Parking Lot


View

No


County

Sherburne


Water Source

City Water/Connected


Pool

No

Listing History

Date

Event

Price

11/25/2024

Sold

$1,325,000

7/23/2024

Price change

$1,400,000

-4%

4/9/2024

Price change

$1,450,000

-5%

1/26/2024

Price change

$1,525,000

-5%

11/29/2023

Price change

$1,600,000

-4%

10/25/2023

Price change

$1,650,000

-6%

 

Courtesy of Acuity Group

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zane Petersen shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 8:12 PM UTC, 11/25/2024

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