Investment Property - Solid Bank Tenant!!
Excellent investment property for sale in Clear Lake, MN, right on Hwy 10! Attractive lease in place with bank tenant. Current CAP rate 7.43%, with potential of 10%+ when fully leased. Two 500 sq ft office/retail suites currently available with separate entrances and building signage to add to the current monthly income this building produces.
Located at the controlled intersection of State Hwy 10 and County Rd 24, the visibility could not get any better! Originally built in 1997, this building went through a full remodel in 2007.
Building amenities include a Two (2) bay drive through window structure at back of building, natural gas fired boiler for in-floor heat in main bank building. Currently this system is not being used, but brand new at time building was built. Current heat source is natural gas force air heat and air conditioning. Second floor consists of approximately 1,242 square feet for additional office/break room or storage. Ceiling height on second floor is 7' 5". Main floor lobby area was designed for flexibility if the need arises to add a second office or two with their own separate entrance off vestibule area. High ceilings and upscale decor with cherry woodwork make this a warming atmosphere for incoming customers.
- Security System
- Fire Protection System
- In Floor Heat
- Income Producing
