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SOLD! Crosslake Town Square

Listed by Chris Close


Property Description: SOLD! PRICE REDUCED TO $149,000 FROM $199,000! Excellent opportunity awaits in Crosslake Town Square! Purchase or lease a great retail building located in the heart of Crosslake Town Square - a prospering retail development. Enjoy great visibility, ample parking and plenty of patrons. It's your turn to benefit from the daily residents and weekend tourists heading to and from their homes and cabins in the Lakes Area.

Listing Details

mls: 4312841
CC File #: 1245
Address: 35756 Allen Ave
City: Crosslake
State: MN
Zip: 56442
Zoning: PDD-Planned Development District
PID#: 14604002004A009 & 5A009
Legal Description: The South 10 feet of Lot 4 Block 2. The North line thereof being 10 feet distant and parallel to the line common to Lots 4 & 5 Block 2. And the North 15 feet of Lot 5 Block 2. The South line thereof being 15 feet distant and parallel to the line common to Lots 4 & 5 Block 2.
Lot Size : Acres: 0.07
Lot Size : Sq.Ft.: 2750
Lot Dimensions: 25' x 110'
Lease Space Size : Total Sq. Ft.: 1,800
Lease Space Size : Min Sq. Ft. Available: 1,800
Lease Space Size : Max Sq. Ft. Available: 1,800
Lease Space Size : Main Level Sq. Ft.: 1,800
Building Size : Total Sq. Ft.: 1,800
Building Size : Main Level Sq. Ft.: 1,800
Lease Rate/Sq. Ft.: $8.00
Monthly Rent: $1219/Month
Sale Price: $149,000.00
Original Price: $199,000.00
Price Note: PRICE REDUCED TO $149,000 FROM $199,000! Lease Rate is based on 1,828 Rentable sq. ft. (1,800 sq. ft. Useable space + 28 sq. ft. mechanical space - pro-rated as 22% of a 112 sq. ft. shared mechanical room)

Directions: From Brainerd - North on CR 3 to Crosslake - North on CR 66 - Right on Swann Dr. to Crosslake Town Square - Take a right into Crosslake Town Square - Building is located between Chocolate Ox and Studio Posh
Property Features & Assets: The building is 1,800 SF (25' x 72'). The building has a proportional share of 28 SF of a mechanical room, pro-rated from a 112 SF mechanical room (22%). The Sale Price of $199,000 includes only the Land & Building.

Property Features

Water: Private Well
Sewer: City
Heating: Natural Gas Forced Air
Cooling: Natural Gas Forced Air
Electric : Amps: 110
Electric : Phase: Single
Lighting: Fluorescent
Year Built: 2006
Construction: Wood Frame
Foundation: Concrete
Roof: Flat Roof w/ Shingled Overhang in Front
Exterior: Wood Siding
Traffic Counts: 6,100 on CR 66 and 1,600 on CR 3
Operating Expenses : Year: 2017
Operating Expenses : Total: 2.68
Operating Expenses : Taxes: 1.44
Operating Expenses : Insurance: 0.66
Operating Expenses : CAM: 0.58
Property Tax Year: 2017
Annual Property Tax: $3,969.00
Terms: Negotiable
Ceiling Height: 12'
Bathrooms: 2
Security: Yes
High-Speed Internet: Yes
Adjacent Tenants: Current Town Square Tenants include: Larson Group Realty, Studio Posh, The Chocolate Ox, Lakes Area Gallery, Lundrigans, Rustica, Crosslake Drug, Rough Around the Edges, Itasca Leathergoods, & Rafferty's Pizza.
Neighboring Businesses: Businesses in the area include Whitefish Lodge & Suites, Pine Peaks Lodge & Suites, Reeds Market, Lakewood Bank, Willow Bay, Ace Hardware, Barstock Liquors, Holiday Gas Station, Norson, Aunt B's Pantry, Northern National Bank, Judy's House of Gifts, US Army Corps of Engineers Campground, Crosswoods Golf Course, Whistling Wolf Mini Golf & Gifts, Crosslake Lutheran Church, Crosslake Communications, Crosslake Post Office, Immaculate Heart Catholic Church, Lake Country Crafts & Cones, Sweet Pea Peddler, Blissful Antiques & Gifts, Zorbaz, Moonlight Bay, plus many others.
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Information provided by members of Greater Lakes Association of Realtors. Copyright 2009 Greater Lakes Multiple Listings Service. All rights reserved. Information is deemed reliable but not guaranteed.