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For Sale:  Foley MLS# 7012553

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Active
$439,900
/mo Edit
Commercial:  1 Story
1 ba • Built 1970
0.206 acres
Foley schools
MLS# 7012553
763-576-8286
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    Property Description

    Positioned on one of Foley's most visible commercial corners along Hwy 23, this 3, 168 square foot professional office building offers immediate income with exceptional long term upside. The property is occupied by established professional office tenants, including a long term lease extending through 2030, while additional leases and future renewals provide opportunities to reposition rental rates and operating income over time. Multiple vacant office suites offer flexibility for lease up, tenant expansion, owner occupancy, or reconfiguration. Constructed with durable brick and steel and served by zoned heating and cooling systems, the building is designed for long term performance and a variety of professional office, medical, counseling, legal or service based uses. Foley continues to experience renewed commercial growth following expanded municipal infrastructure, making highly visible office properties increasingly difficult to acquire. Investors and owner occupants alike will appreciate the combination of existing cash flow, leasing flexibility, and meaningful value add potential in one of the community's most recognizable commercial locations.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $439,900
    Property Type: Commercial
    City: Foley
    Garage Spaces: 0
    County: Benton
    Year Built: 1970
    State: MN
    Property Style: 1 Story
    Zip Code: 56329
    Subdivision Name: Holdridge Add

    Interior

    Bedrooms: 0
    Bathrooms: 1
    Ceiling Height: 8-10
    Flooring: Carpet
    Refrigerators: None
    Appliances Included: Electric Water Heater
    Basement Details: None

    Exterior

    Stories: One
    Garage Spaces: 0
    Air Conditioning: Central Air, Zoned
    Foundation Size: 3,168 ft2
    Foundation Dimensions: 72x44
    Fencing: None
    Handicap Accessible: Fully Wheelchair, Grab Bars In Bathroom, Accessible for Hearing-Impairment, Door Lever Handles, No Stairs External, No Stairs Internal
    Road Responsibility: Public Maintained Road
    Heating System:
    • Forced Air
    • Zoned
    Parking Features: On-Street Parking Only
    Unit Amenities:
    • Ethernet Wired
    • Washer/Dryer Hookup
    Road Frontage:
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material:
    • Brick
    • Steel Siding
    Roof Details: Metal

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.206
    Geolocation: 45.667222, -93.911477
    Inclusions: Building, Land, Leases
    Lot Dimensions: 85 x 105
    Zoning: Business/Commercial
    Lot Description:
    • Corner Lot
    • Irregular Lot
    • Tree Coverage - Light

    Farm

    Topography: Level

    Schools

    School District: 51
    District Phone: 3209687175

    Expenses

    Annual Insurance Expense: $3,150
    Tenant Expenses: Broadband, Cable TV, Telephone

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $9,506
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $13,178

    Units

    Total Units: 10

    Miscellaneous

    Current Use: Office
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Separate
    • Hot Water Common
    Water System: City Water/Connected
    Power Company Name: Xcel Energy

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of New Century Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.