404 Whiskey RD NW #K & L Isanti, MN 55040
1,306 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Rum River Bus Condo, Cic#2005-5
MLS Listing ID 6762388
Year Built 2004
Annual Tax Amount $3,618
Tax Year 2025
Contingent None
Lot Size 1,306 Sqft
Acres 0.03
Lot Dimensions 40x58
Property Description
Discover a rare opportunity to own two beautifully finished commercial units within the Rum River Business Condominiums. Units K & L are currently leased by three long-standing tenants operating within the same footprint and sharing well-appointed common areas including restrooms, a break room, copy center, conference room, and reception area. With flexible floor plans and a drive-through option on the end unit, the property presents excellent potential for reconfiguration into two fully separate spaces or continue to utilize as one 2,464 square foot suite. Perfectly suited for investors and owner-users alike, the property boasts a strong cap rate of over 12% with existing tenants eager to remain. However, current lease agreements are structured to accommodate an owner-occupant if desired. Creative ownership structures are possible, and fractional ownership rights to common elements are detailed in the CIC documents. Recent upgrades include a new roof (2022) and new parking lot that was just completed in June 2025. This association-maintained property offers a hassle-free ownership experience, with dues covering all grounds maintenance, snow removal, trash, water/sewer, exterior electricity, building insurance, fire suppression system, and management services. NDA required and is available to qualified buyers.
Location
State MN
County Isanti
Zoning Business/Commercial
Rooms
Family Room Other
Basement None
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building, Leases
Fireplace No
Appliance Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances
Exterior
Parking Features Asphalt, Parking Lot, Paved
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age 8 Years or Less,Asphalt,Pitched
Present Use Professional/Office,Commercial,Office,Professional Service
Building
Lot Description Corner Lot
Story One
Foundation 2464
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Brick/Stone
Schools
School District Cambridge-Isanti