250 St John StLoretto, MN 55357

This exceptional investment opportunity presents a 124,140-square-foot flex/warehouse property located at 250 St John St, Loretto, Minnesota, 55357. The property, situated on a 1.89-acre lot (APN 06-118-23-31-0033), boasts a multi-tenant occupancy of 88% and offers a compelling pro-forma cap rate of 8.6%. Built in 1987 and extensively renovated in 2021, the building features seven units with a net rentable area of 24,140 square feet. The asking price is $1,650,000, translating to a price per square foot of $13.29. The property is zoned for light industrial use, aligning perfectly with its current functionality. The 2024 property taxes are estimated at $30,178.14. This property offers a strong return on investment with a pro-forma NOI of $141,900. The previous sale occurred in September 2021. This well-maintained and strategically located property represents a rare opportunity for investors seeking a stable and profitable addition to their portfolio. The property's flexible layout and desirable location in Hennepin County make it an attractive option for a variety of businesses.