$550,000
$649,000
15.3%For more information regarding the value of a property, please contact us for a free consultation.
0.7 Acres Lot
SOLD DATE : 11/22/2024
Key Details
Sold Price $550,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown Comm
MLS Listing ID 6528095
Sold Date 11/22/24
Year Built 1985
Annual Tax Amount $12,396
Tax Year 2024
Contingent None
Lot Size 0.700 Acres
Acres 0.7
Lot Dimensions Irregular
Property Description
Positioned at the bustling intersection of Hwy 95 and Buchanan St in downtown Cambridge, this commercial building offers unparalleled visibility and access. With daily traffic exceeding 13,200 vehicles and MNDOT's imminent plans to widen Hwy 95 to four lanes, the potential for increased exposure is significant. Renovated entirely in 2014, the 4,368 sq ft building includes two suites, security system with keycard access, and a drive-thru window. Spanning over a half acre across two parcels, this property is illuminated for safety and convenience, offering prominent building and pylon signage for enhanced visibility. Notably, MNDOT's expansion project will enhance the parking lot's functionality by eliminating an easement through it. With its unbeatable location, modern amenities, existing lease, and potential for growth, this property presents a rare opportunity for astute investors, redevelopment ventures, and owner occupants alike to capitalize on the thriving market of Cambridge, MN.
Location
State MN
County Isanti
Zoning Business/Commercial
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Paved
Utilities Available Electric Common, Heating Common, Hot Water Separate
Roof Type Age Over 8 Years,Age 8 Years or Less
Present Use Professional Service
Building
Foundation 4368
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Cambridge-Isanti
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