Sold: Crystal MLS# 6632645
Sold
$3,100,000 (list price)
$2,750,000
Commercial: Other
Built 1985
2.39 acres
MLS# 6632645
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Property Description
Introducing the Douglas Business Center located at 5430 Douglas Drive North, Crystal, Minnesota 55429. This exceptional industrial and multi-tenant property offers an owner/user opportunity with existing income through a sale leaseback arrangement. The site features outside storage, climate-controlled units, and modern amenities such as overhead drive-in loading, updated LED lighting, and precast tilt-up panel construction. With individual private entrances and column-free bays, this property provides flexibility and convenience for various business operations. The strategic location offers easy access to major highways I-94/694 and Highway 81. The 26, 470 square feet building includes a mix of office and warehouse spaces with high clear heights, loading docks, and ample parking. Don't miss the chance to invest in this well-maintained industrial property with strong income potential and a competitive purchase price of $3, 100, 000. Explore the possibilities at the Douglas Business Center today!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$3,100,000
Sold Price:
$2,750,000
Sold Date:
07/31/2025
Property Type:
Commercial
City:
Crystal
Garage Spaces:
0
County:
Hennepin
Year Built:
1985
State:
MN
Property Style:
Other
Zip Code:
55429
Subdivision Name:
Hra 4th Add
Exterior
Garage Spaces:
0
Foundation Size:
26,470 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Paved Lot
Lot & Land
Acres:
2.39
Geolocation:
45.05178, -93.358657
Inclusions:
Building
Lot Dimensions:
140 x 708 x 155 x 776
Zoning:
Industrial
Schools
District Phone:
7635048000
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$76,072
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$77,242
Units
Total Units:
6
Miscellaneous
Current Use:
Industrial
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water - In Street
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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!
Listing provided by RMLS,
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Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.