120 S Rum River Drive, Princeton, MN 55371

$2,195,000

Property Description

Building consists of approximately 43,000 total square feet. There is a diverse mix of tenants, and a blend of national, regional and local tenants occupying space in the building. Tenants consisting of Napa Auto Parts, H&R Block, Centracare, Domino’s, and many more. Current owners have invested approx. $700,000 over the past 12 months! Recent major improvements consisting of new roof (2023) and complete renovation/buildout of approx. 12,000 SF of North section of the building. There are currently several move in ready suites available for lease. Excellent opportunity to purchase this property at a low price per square foot ($51/SF). Additionally, there is a value-add component of raising any below market rents and increasing leasing efforts to improve occupancy to boost property performance and net operating income. NOW OFFERED WITH 6 MONTH RENTAL INCOME GUARANTEE!! (contact listing broker for details)

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Listing courtesy of Coldwell Banker Commercial.

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