For Sale: Cambridge MLS# 7022410
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Property Description
Don't pass on this one!!! Exceptional Downtown Cambridge Commercial Building-4 units. Built in 1984 and extensively upgraded, this prime 4-unit commercial building is a standout investment in downtown Cambridge. The North unit has an anchored tenant for over 20 years, ensuring a stable tenant base. The current owners are poised to lease the flexible south unit. The spacious back party room accommodates up to 50 people, rented by the hour at your rate, and the full basement offers expansive storage or future expansion. Exterior painted-2022, new carpet-2022, new roof-2024, new gutters-2024, new furnace & AC-2025, new interior paint 2025- new entry door-2022, asphalt-2022, concrete-2021, the party room new in 2022. Don't miss this rare, fully upgraded investment in a high-demand location!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$480,000
Property Type:
Commercial
City:
Cambridge
Garage Spaces:
0
County:
Isanti
Year Built:
1984
State:
MN
Property Style:
2 Stories
Zip Code:
55008
Subdivision Name:
Rasks Add
Interior
Bedrooms:
0
Bathrooms:
0
Flooring:
Carpet, Luxury Vinyl Plank
Refrigerators:
One
Appliances Included:
Refrigerator
Basement Details:
- Block
- Drain Tiled
- Full
- Owner Access
- Storage Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
3,731 ft2
Foundation Dimensions:
91x41
Fencing:
Other
Handicap Accessible:
Doors 36"+, Hallways 42"+, Door Lever Handles, Other, Partially Wheelchair, Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- On-Street Parking Only
- Parking Lot
- Paved Lot
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
- Block
- Frame
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Rooms
Shared Rooms:
- Amusement/Party Room
- Other
Lot & Land
Acres:
0.143
Geolocation:
45.5721, -93.222443
Inclusions:
Building
Lot Dimensions:
50 x 125 x 50 x 125
Zoning:
Business/Commercial
Lot Description:
Irregular Lot
Farm
Topography:
High Ground, Level
Schools
School District:
2334
District Phone:
7636896188
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,524
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,524
Income
Annual Gross Income:
$3,400
Units
Total Units:
4
Miscellaneous
Current Use:
- Commercial
- Office
- Other
- Professional Service
- Professional/Office
- Recreational
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer - In Street
Available Utilities:
Electric Separate
Water System:
City Water - In Street
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX RESULTS.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.