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pat+listings@adsmasterclass.ca +1(929) 512-7477

$400,000

Est. payment - /mo

6,229 Sqft Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Rasks Add

MLS Listing ID 7158756

Year Built 1984

Annual Tax Amount $7,902

Tax Year 2026

Contingent None

Lot Size 6,229 Sqft

Lot Dimensions 50x125

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).

Location

State MN

County Isanti

Zoning Business/Commercial

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Luxury Vinyl Plank, Luxury Vinyl Tile

Inclusions Building, Leases

Fireplace No

Exterior

Parking Features Asphalt, Parking Lot, Paved Lot

Utilities Available Electric Common, Heating Common, Hot Water Common

Roof Type Age 8 Years or Less

Present Use Professional/Office,Commercial,Event Space,Office,Professional Service

Building

Story One

Foundation 3731

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

New Construction false

Schools

School District Cambridge-Isanti

Others

Virtual Tour https://my.matterport.com/show/?m=ZvLQZChN7fJ&mls=1

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Listed by Carrie Gibbs • Century 21 Moline Realty Inc

Client Care

+1(929) 512-7477

126 Adams ST S Cambridge, MN 55008

Client Care

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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126 Adams ST S