For Sale: Cambridge MLS# 7158756
Active
NEW!
$400,000
Commercial: 1 Story
Built 1984
0.143 acres
Cambridge-Isanti schools
MLS# 7158756
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Property Description
An established tenant, a popular event space, and extensive recent improvements make this four-unit commercial building a compelling opportunity in downtown Cambridge. The north unit has been home to the same tenant for more than 20 years, while the owner-occupied south unit offers the possibility of continued rental income, with the current owners willing to lease back their space if desired by new ownership. Created in 2022, The Party Room accommodates up to 50 guests and hosts private parties, groom’s dinners, business meetings, and other gatherings. The unfinished lower level provides additional storage and potential for future leasable space, subject to applicable approvals. Built in 1984, the building has received substantial updates, including a new roof and gutters in 2024; furnace, central air conditioning, and interior paint in 2025; exterior paint, carpet, entry door, and asphalt in 2022; and concrete improvements in 2021. With multiple income opportunities and a fabulous location in the growing City of Cambridge, this property deserves a closer look from investors and owner-occupants alike. Explore the building’s layout and spaces through the available Matterport 3D virtual walkthrough tour and schedule your private viewing today. Financials, lease details and event space reservation information may be made available to qualified buyers upon full execution of a nondisclosure agreement (NDA).
Listing
Listing Status:
Active
Contingency:
None
List Price:
$400,000
Property Type:
Commercial
City:
Cambridge
Garage Spaces:
0
County:
Isanti
Year Built:
1984
State:
MN
Property Style:
1 Story
Zip Code:
55008
Subdivision Name:
Rasks Add
Interior
Flooring:
Carpet, Luxury Vinyl Plank, Luxury Vinyl Tile
Basement Details:
Unfinished
Exterior
Stories:
One
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
3,731 ft2
Foundation Dimensions:
91x41
Handicap Accessible:
Doors 36"+, Grab Bars In Bathroom, Partially Wheelchair, Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Parking Lot
- Paved Lot
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Roof Details:
Age 8 Years or Less
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.143
Geolocation:
45.5721247964, -93.2225154663
Inclusions:
Building, Leases
Lot Dimensions:
50 x 125
Zoning:
Business/Commercial
Schools
School District:
911
District Phone:
7636896188
Expenses
Tenant Expenses:
Broadband, Telephone
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,902
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,902
Units
Total Units:
4
Miscellaneous
Current Use:
- Commercial
- Event Space
- Office
- Professional Service
- Professional/Office
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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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,
courtesy of Century 21 Moline Realty Inc.
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.