2009 Commerce Boulevard
Description
2009 Commerce has 12 units and was built in 1963. 2017 Commerce has 11 units and was built in 1970. Eight studios with current average rent $818 (proforma $995), 15 one bedroom units with current average rent $905 (proforma $1,125). Many long-term residents. 11 units have been updated. Significant upside remaining; current ownership must sell as part of a 1031. Price and surety of close important. Neighboring properties provide potential for future development. Demand vs supply and demographics very strong. Nearby Mound Westonka ranks #12 in MN. Main intersection of Commerce and Shoreline Drive including Jubilee (grocery), Walgreens, Carbone's Pizzeria Bar and Grille, Anytime Fitness, True Value Hardware, expanding park and plaza with connecting Dakota Rail Trail, public parking ramp and transit center, Ice Arena... and more, less than 0.5 miles away. Great opportunity!
- Listed by Lakes Sotheby's International Realty
Property Details for 2009 Commerce Boulevard
Property Details for 2009 Commerce Boulevard
| Status | Active |
|---|---|
| MLS # | 6627694 |
| Days on Compass | 43 |
| Taxes | $28,383 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Apartment |
| MLS Type | Commercial Sale / Apartment |
| Year Built | 1963 |
| Lot Size | 0.57 AC / 24,829 SF |
| County | Hennepin County |
Building Information for 2009 Commerce Boulevard
Property Information for 2009 Commerce Boulevard
- City Name: Mound
- County Or Parish: Hennepin
- County: Hennepin-MN
- Directions: West along Shoreline Drive. North on Commerce Blvd. Buildings on West side (left as heading North) of Commerce Blvd less than a half mile from the main intersection of Commerce Blvd and Shoreline Drive.
- Latitude: 44.942583
- Longitude: -93.666402
- Map Coordinate: 116-E1
- Map Coordinate Source: King's Street Atlas
- City and Location: Mound
- City and Location Text: Mound(MN)
- Postal Code: 55364
- State Or Province: MN
- Public Survey Township: 117
- Topography: Gently Rolling,Level
- Additional Parcels Description: 1411724140038
- Additional Parcels: Yes
- Parcel Number: 1411724140037
- Tax Annual Amount: $28,383.00
- Tax Legal Description: 2009: MOUND SHORES S 90 FT OF N 17 8 FT OF LOTS 113 114 AND 115 SUBJECT TO ROAD 2017: MOUND SHORES THAT PART OF LOTS 113 114 AND 115 LYING S OF N 178 FT THEREOF SUBJECT TO ROAD
- Tax Other Annual Assessment Amount: $.00
- Tax Year: 2024
- Tax With Assessments: 28383.0000
- High School District: 277 - Westonka
- School District Number: 277
- School District Phone: 952-491-8001
- Current Use: Commercial
- Lot Features: Public Transit (w/in 6 blks), Infill Lot, Tree Coverage - Light, Underground Utilities
- Lot Size Area: 0.57
- Lot Size Dimensions: 172x143
- Lot Size Units: Acres
- Possible Use: Investment
- Property Sub Type: Apartment
- Property Type: Commercial Sale
- Building Area Total: 16324.0
- Age Of Property: 61
- Sewer: City Sewer/Connected
- Utilities: Electric Separate, Heating Common, Hot Water Common
- Water Source: City Water/Connected
- Accessibility Features: None
- Association Amenities: Coin-op Laundry Leased, Patio
- Foundation Area: 8000.0
- Fuel: Natural Gas
- Road Frontage Type: City Street
- Road Responsibility: Public Maintained Road
- Roof: Age 8 Years or Less, Asphalt, Pitched
- Patio Porch Type: Patio
- Appliances: Air-To-Air Exchanger, Exhaust Fan, Freezer, Gas Water Heater, Range, Refrigerator, Water Softener Owned
- Basement Type: Block, Crawl Space, Drainage System, Owner Access, Sump Pump, Unfinished
- Amenities Unit: Cable,Ceiling Fan(s),Kitchen Center Island,Natural Woodwork,Patio,Security Lights
- Cooling: Window Unit(s)
- Heating: Baseboard, Boiler, Hot Water, Radiant, Zoned
- Levels: Two
- Number of Refrigerator: One Per Unit
- Shared Rooms: Other
- Basement YN: Yes
- Unit Bath 3Qtr: 0
- Unit Bath Full: 1
- Unit Bath Half: 0
- Unit Bath Qtr: 0
- Unit Type Baths Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 0
Property History for 2009 Commerce Boulevard
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2009 Commerce Boulevard
Schools near 2009 Commerce Boulevard
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 4 | |||
| Public - | 5 to 7 | |||
| Public - | 8 to 12 | |||
| Public - | 12 |
Rating | School | Distance |
|---|---|---|
Hilltop Primary School PublicK to 4 | ||
Grandview Middle School Public5 to 7 | ||
Mound-Westonka High School Public8 to 12 | ||
Transition Plus Public12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Lakes Sotheby's International Realty
Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 11/07/2024 11:24 AM
