For Sale: Pequot Lakes MLS# 7110922
Active
NEW!
$695,000
Commercial: 2 Stories
Built 1964
0.13 acres
Pequot Lakes schools
MLS# 7110922
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Property Description
Turnkey Dance Studio in Pequot Lakes - Established & Profitable. Own a thriving dance studio in the heart of the Brainerd Lakes Area! This fully equipped studio is a great chance for a new owner. The studio features two large, spacious dance floors and sound systems. The business has a loyal student base and a solid yearly class schedule. Grow revenue by adding summer camps, adult fitness classes, or private lessons. Pequot Lakes is a growing community. Families love local activities. This studio has built a strong reputation. It is a trusted place for kids to learn, build confidence, and perform. You can skip the months of hard work it takes to start a business from scratch. You get a ready, working studio from day one. The sale includes everything you need to start teaching right away. You get: All sound equipment, mirrors, and ballet barres etc. along with existing class registration, costumes, props, and a library of past routine choreography. Did we mention there is the ability to live on site? The property includes a 2018 dwelling with two bedrooms and two bathrooms with an attached garage all attached to the rear of the studio. the dwelling includes hickory cabinets and stainless-steel appliances.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$695,000
Property Type:
Commercial
City:
Pequot Lakes
Garage Spaces:
1
County:
Crow Wing
Year Built:
1964
State:
MN
Property Style:
2 Stories
Zip Code:
56472
Subdivision Name:
Coles Plat of Pequot
Interior
Ceiling Height:
Varied Heights
Flooring:
Luxury Vinyl Tile, See Remarks
Refrigerators:
One
Appliances Included:
- Dishwasher
- Dryer
- Gas Water Heater
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
- Washer
Basement Details:
- Block
- Partial
Exterior
Stories:
Two
Garage Spaces:
1
Garage Dimensions:
12x23
Garage Size:
276 ft2
Garage Door Height:
9
Garage Door Width:
7
Air Conditioning:
Central Air
Foundation Size:
3,600 ft2
Foundation Dimensions:
40x40 40x50
Fencing:
Wood
Handicap Accessible:
No Stairs External
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Finished Garage
- Garage Door Opener
- Heated Garage
- Insulated Garage
Unit Amenities:
- Cable
- City View
- Kitchen Window
- Paneled Doors
- Patio
- Porch
- Washer/Dryer Hookup
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
- Concrete
- Frame
Roof Details:
Age 8 Years or Less
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.13
Geolocation:
46.6027277623, -94.3114773767
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Inventory, Land
Lot Dimensions:
46 x 100 x 67 x 50 x 21 x 50
Zoning:
- Business/Commercial
- Other
Lot Description:
Irregular Lot
Farm
Topography:
Level
Schools
School District:
186
District Phone:
2185684996
Expenses
Annual Electric Expense:
$1,253
Annual Fuel Expense:
$1,773
Annual Insurance Expense:
$5,000
Annual Maintenance Expense:
$500
Annual Trash Expense:
$408
Annual Water/Sewer Expense:
$677
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,880
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,880
Income
Annual Gross Income:
$116,000
Rent
Annual Net Income:
$23,000
Units
Total Units:
1
Miscellaneous
Current Use:
- Professional/Office
- Residential
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
Water System:
City Water/Connected
Power Company Name:
Minnesota Power
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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 Kurilla Real Estate LTD.
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.