For Sale: Ramsey MLS# 7168182
Active
NEW!
$700,000
Commercial: 1 Story
Built 1997
0.5 acres
Anoka-Hennepin schools
MLS# 7168182
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Property Description
Auto Dealership & Repair Shop For Sale
Investment or Owner-User Opportunity | Highway 10 Frontage
Highly visible 2, 586 SF commercial building on a major corridor. It’s currently set up for auto sales and service, and the tenants are open to staying.
Property Highlights:
- 2, 586 SF building directly on Highway 10
- Zoned B-2, allowing a wide range of commercial and auto uses
- Four drive-in doors and 15' clear height
- Lobby and sales office area
- Shop and dealership run separately; they can stay as two businesses or be combined
Shop Layout:
- Large two-bay area with two 12' overhead doors
- Separate service bay with a 14' door
- Dedicated dealership bay with a 10' door
Recent Interior Updates (2023):
- New paint and flooring
- New heaters
- New fluid station
- Updated bathroom
- Mezzanine break room
Exterior & Site:
- Full building repaint
- New asphalt and striping, completed to city standards
- Parking for 35–40 vehicles
- City-approved for 25–27 vehicles for sales
- Convenient access via a new service road
Listing
Listing Status:
Active
Contingency:
None
List Price:
$700,000
Property Type:
Commercial
City:
Ramsey
Garage Spaces:
4
County:
Anoka
Year Built:
1997
State:
MN
Property Style:
1 Story
Zip Code:
55303
Subdivision Name:
Auditors Sub 31
Interior
Ceiling Height:
11-15
Flooring:
Concrete Slab
Exterior
Stories:
One
Garage Spaces:
4
Foundation Size:
2,586 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Parking Lot
Pool:
None
Roof Details:
Architectural Shingle
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.5
Geolocation:
45.226515, -93.447468
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
147 x 148 x 147 x 148
Zoning:
Business/Commercial
Schools
School District:
11
District Phone:
7635061000
Expenses
Annual Insurance Expense:
$2,609
Annual Maintenance Expense:
$5,000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,285
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,285
Income
Annual Gross Income:
$72,000
Rent
Annual Net Income:
$52,506
Units
Total Units:
2
Miscellaneous
Current Use:
- Automobile Service
- Commercial
- Retail
Fuel System:
Natural Gas
Sewer System:
Tank with Drainage Field
Available Utilities:
- Electric Common
- Heating Common
Water System:
Well
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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 Keller Williams Classic Rlty NW.
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.