404 Whiskey Road NW Unit K & L

Highlights:

• Annual Tax: $ 3618.0
• Max Contiguous Area: 2464.0
• Appliances: Microwave
• General: Wheel Chair Accessible
• Lot Description: Access Type - Road
• Heating Fuel Type: Electric
• Age: 21-30 Years Old
• Road Type: City / Town Street
• Roof: Asphalt Shingle Roof
• Lot Size: Under 1/2 Acre
• Cooling: Central A/C
• Sewer: City
• Exterior Description: Other
• Heating Type: Forced Air
• Area Description: Suburban
• Water: City Water

Description:

Exceptional Investment or Owner-User Opportunity – Rum River Business Condominiums (Units K & L).
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. For financials and lease information, please contact listing broker Carrie Gibbs. NDA required and is available to qualified buyers.

1 Space Available