$2,000,000
Savage, MN 55378
MLS# 7008036
Status: Closed
1 / 5
Property Description
Great financial opportunity. Fully leased strip mall with long-term tenants and excellent payment history. Each unit has their own meter, HVAC unit, bathroom and exterior entrance. Unobstructed exposure to MN Hwy 13 with an average of 44,000 vehicles per day. Please do not disturb tenants.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2026-04-07
Current Price: $2,000,000
Closed Date: 2026-04-07
Sales Close Price: 2000000
Contingency: None
ListPrice: 2500000
List Date: 2026-01-13
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 63
Owner Occupied: No
Year Built: 1982
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 63x89x213x309x282x178
Acres: 1.87
Foundation Size: 19489
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: Lengthily, legal to govern
Listing City: Savage
Map Page: 148
Municipality: Savage
School District: Burnsville-Eagan-Savage
School District Phone: 952-707-2000
Property ID Number: 260060020
Tax Year: 2025
Tax Amount: 51830
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Great financial opportunity. Fully leased strip mall with long-term tenants and excellent payment history. Each unit has their own meter, HVAC unit, bathroom and exterior entrance. Unobstructed exposure to MN Hwy 13 with an average of 44,000 vehicles per day. Please do not disturb tenants.
Directions: MN Hwy 13 to Lynn Ave S to 123rd St W (E). No sign on property.
Accessible
No Stairs External: 1
No Stairs Internal: 1
Other: 1
Air Conditioning
Central Air: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 51830
Building Information
Building Finished SqFt: 19489
Building SqFt: 19489
Construction Materials
Concrete: 1
Construction Status
Previously Owned: 1
Exterior
Other: 1
Financing Terms
Other: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
2+ Lavatories: 1
Building Sign: 1
Exterior Lighting: 1
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Paved Lot: 1
Road Frontage
City Street: 1
Roof
Age Over 8 Years: 1
Asphalt-Rolled: 1
Flat: 1
Sale Options
Sale Includes: Building
Sewer
City Sewer/Connected: 1
Stories
One: 1
Topography
Level: 1
Unit Details
Total Units: 10
Wall Description
Concrete/Block: 1
Water
City Water/Connected: 1
Income and Expenses
Annual Gross Expenses: 0
Annual Gross Income: 185301.83
Annual Net Income: 177319.44
Total Annual Expenses: 7982.39
On Site Utilities
Electric Separate: 1
Heating Separate: 1
Hot Water Separate: 1
CMU Style
Retail/Shopping Center: 1
Current Use
Other: 1
Restaurant: 1
Retail: 1
Loan Terms
Cash: 1
Conventional: 1
Location Description
Downtown: 1
Strip Center: 1
Potential Use
Other: 1
Restaurant: 1
Retail: 1
Rent Rate per Foot
Net: 1
Location Tax and Other Information
House Number: 4301
Street Name: Highway 13
Street Direction Suffix: W
Postal City: Savage
County: Scott
State: MN
Zip Code: 55378
Complex/Dev/Subdivision: Hansons 1st Add
Property Features
Accessible: No Stairs External; No Stairs Internal; Other
Air Conditioning: Central Air
CMU Style: Retail/Shopping Center
Construction Materials: Concrete
Construction Status: Previously Owned
Current Use: Other; Restaurant; Retail
Exterior: Other
Financing Terms: Other
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Location Description: Downtown; Strip Center
Miscellaneous Information: 2+ Lavatories; Building Sign; Exterior Lighting
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Parking Characteristics: Paved Lot
Potential Use: Other; Restaurant; Retail
Rent Rate per Foot: Net
Road Frontage: City Street
Roof: Age Over 8 Years; Asphalt-Rolled; Flat
Sewer: City Sewer/Connected
Stories: One
Topography: Level
Wall Description: Concrete/Block
Water: City Water/Connected
Listing Office: Chestnut Realty Inc
Last Updated: April - 07 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.