a Berkshire Hathaway affiliate

$150,000

3845 Lexington Avenue N #107, Arden Hills, MN 55126


3845 Lexington Avenue N #107 Arden Hills, MN 55126

For Sale MLS# 5729476

3,900 sq ft Commercial

Data current as of {{getLocalTime('2021-05-12T09:35:30Z')}}

Details

for 3845 Lexington Avenue N #107

MLS# 5729476

Description for 3845 Lexington Avenue N #107, Arden Hills, MN, 55126


Great restaurant business opportunity! About 3,900 sqfts of high-end design restaurant with 14 BBQ tables with hoods, booths and tables, a bar with TVs, and a full commercial kitchen with 22 fts kitchen hood, 4 wok burners, 2 fryers, 6 burner stove, a grill, walk-in cooler, walk-in freezer, and other business appliances and equipment. The seller has spent about $700,000 into the build-out of this entire restaurant in 2019. There is also a large storage room. The restaurant has a liquor license. No real estate. Sale excludes inventory. The restaurant serves Asian fusion food and Korean BBQ. Current lease expires on July 2028. Rent, property tax, insurance, and maintenance is $14,643/mo plus electricity and gas. Seller is selling since he prefers to spend more time in another business. Seller will accept cash and guaranteed installment loan of 50% down and 50% to be paid off in 2 years. Ample shared parking spaces available and easy access to Hwy 694 and Hwy 51.

Listing Information


Property Type: Commercial, Business Opportunity

Status: Active

Lot Size: 2.01 Acres

Square Feet: 3,900 sq ft

Year Built: 2018

Foundation: 3,900 sq ft

Garage: No

Stories:

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: Roberts Add To Arden Hills

Builder:

Foundation:

Total Units: 1

Current Use: Restaurant

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Ramsey

Days On Market: 48

HERS Score:

Construction Status: Previously Owned

School Information


District: 621 - Mounds View

Elementary:

Middle:

High:

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities: Heating Separate,Electric Separate

Other Utilities:

Heating: Forced Air, Natural Gas

Exterior / Lot Features


Parking Spaces: 50

Parking Description: Uncovered/Open

Exterior: Brick/Stone

Lot View:

Farm Type:

Crop Type:

Zoning: Business/Commercial

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Driving Directions


Lexington Ave N, West on Red Fox Rd

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 273023410022

Tax Amount: $108,860

Tax Year: 2020

HomeStead Description: Non-Homesteaded

Price Changes


$150,000 Original Price
$150,000 Current Price
+$0 Total Change
Date Price Change
3/24/2021 02:14 AM $150,000

Sales History

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Tax Summary

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Schools nearby 3845 Lexington Avenue N #107

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings