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Overview
Location
Mortgage
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Sold for $1,325,000
Sold for $1,325,000
324 Lowell Ave NW Elk River, MN 55330
$1,325,000
CLOSEDBeds
Baths
Sqft
Acres
0.55
Year
2022
Close Date
Nov 25, 2024
Property Type
Commercial Sale
Sub Type
Date Listed
Sep 12, 2023
Description of 324 Lowell Ave NW, Elk River, MN 55330
Listing details for 324 Lowell Ave NW, Elk River, MN 55330 : 6.79% Cap Rate. 2022 built Caribou Cabin with prime Hwy 10 frontage. Triple net lease with 8.5 years remaining of the initial 10-year term. 10% rent increase after year 5. Three additional 5-year options with 10% rent increases after the initial 10-year term.
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Listing Updated : 08-25-2026 at 12:59 AM CDT
Property Details
Property Overview
Listing Price
$1,400,000
MLS #ID
6431730
Close Price
$1,325,000
Close Date
Nov 25, 2024
Bedrooms
Bathrooms
Square Footage
Acres
0.55
Year
2022
Days on Site
36 Days
Property Type
Commercial Sale
Property Sub Type
Price per Sq Ft
$0
Date Listed
Sep 12, 2023
Location
Street Address
324 Lowell Ave NW
City
State
Minnesota
ZIP Code
County
Neighborhood / Subdivision
Driving Directions
Hwy 10 west to left on Lowell Ave.
Schools
School District
Construction / Architecture
Year Built
2022
Roof
Metal
New Construction
No
Price per Sq Ft
$0
Lot Features
Corner Lot
Lot Size (Acres)
0.55
Lot Dimensions
179x150x141x155
Interior Details
Fireplace
No
Heating
Forced Air
Cooling
Central Air
Exterior Details
Garage
No
Parking Features
Parking Lot
Exterior Features
Stone, Cement Board, Metal and Wood
Fencing
None
Water Source
City Water/Connected
Sewer
City Sewer/Connected
Taxes, HOA & Financing
Annual Property Tax
$4,444.00
HOA Fee Includes
None
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Properties displayed may be listed or sold by various participants in the MLS
Source
NorthstarMLS as distributed by MLS GRID, MLS#: 6431730
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Property History
DateEventPrice
11/25/2024
Sold
$1,325,000
Source:NorthstarMLS #NST6431730
NorthstarMLS #NST6431730 9/12/2023
Listed for sale
—
Source:NorthstarMLS #NST6431730
NorthstarMLS #NST6431730Location of 324 Lowell Ave NW, Elk River, MN 55330
Streetview of 324 Lowell Ave NW, Elk River, MN 55330
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Sold on Aug 11, 2022
Based on information submitted to the MLS GRID as of 2026-08-25. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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