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Home My WebLink About06-08-2020 EDACITY OF MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA MOUNDS VIEW CITY HALL Monday, June 8, 2020 6:00 p.m. Virtual Meeting Please click the link below to join the webinar: https://us02web.zoom.us/j/84588149180?pwd=a1dtWlAzRCtSaHJlazJvRlJpMU5BU T09 Password: 751641 Or iPhone one-tap: US: +13126266799, 84588149180# or +16465588656, 84588149180# Or Telephone: US: +1 312 626 6799 or +1 646 558 8656 or +1 301 715 8592 or +1 346 248 7799 or +1 669 900 9128 or +1 253 215 8782 or 833 548 0276 (Toll Free) or 833 548 0282 (Toll Free) or 877 853 5247 (Toll Free) or 888 788 0099 (Toll Free) Webinar ID: 845 8814 9180 1.CALL TO ORDER 2.ROLL CALL: President Mueller, Vice President Hull, Commissioner Gunn, Commissioner Meehlhause, Commissioner Bergeron 3.APPROVAL OF AGENDA 4.CONSENT AGENDA A.Approval of Minutes: February 10, 2020 5.PUBLIC COMMENT Citizens may speak to issues not on tonight’s agenda. Before speaking, please give your full name and address for the minutes. Also, please limit your comments to three minutes. 6.EDA BUSINESS A.Brokerage Listing Agreement for EDA Owned Property 7.REPORTS 8.NEXT EDA MEETING: June 22, 2020 9.ADJOURNMENT PROCEEDINGS OF THE MOUNDS VIEW EDA 1 CITY OF MOUNDS VIEW 2 RAMSEY COUNTY, MINNESOTA 3 4 Regular Meeting 5 February 10, 2020 6 Mounds View City Hall 7 2401 Mounds View Boulevard, Mounds View, MN 55112 8 9 10 1. CALL MEETING TO ORDER 11 12 President Mueller called the meeting to order at 6:30 p.m. 13 14 2. ROLL CALL: President Mueller , Vice President Hull, Commissioner Bergeron 15 Commissioner Gunn, Commissioner Meehlhause, and Executive Director Zikmund. 16 17 NOT PRESENT: None. 18 19 3. APPROVAL OF AGENDA 20 21 MOTION/SECOND: Gunn/Meehlhause. To Approve the February 10, 2020, Agenda as 22 presented. 23 24 Ayes – 5 Nays – 0 Motion carried. 25 26 4. CONSENT AGENDA 27 28 A. January 27, 2020, EDA Minutes. 29 30 MOTION/SECOND: Meehlhause/Bergeron. To Approve the Consent Agenda as presented. 31 32 Ayes – 5 Nays – 0 Motion carried. 33 34 5. PUBLIC COMMENT 35 36 None. 37 38 6. EDA BUSINESS 39 40 A. 20-EDA-335, A Resolution Approving an Amendment to the Loan 41 Origination Agreement with the Center for Energy and Environment. 42 43 Executive Director Zikmund requested the EDA adopt a Resolution approving an amendment to 44 the Loan Origination Agreement with the Center for Energy and Environment. He reviewed the 45 Mounds View EDA February 10, 2020 Regular Meeting Page 2 two minor corrections Kennedy & Graven had found within the agreement and recommended 1 approval of the amendment. 2 3 President Mueller requested information from staff regarding the HOP loan program and the $2 4 million the City had available in interest free loans. Executive Director Zikmund reported the City 5 received $2 million from the MPCA in order to provide interest free loans to residents that need 6 assistance with scoping, inspecting and rehabbing lateral sewer lines. He commented these funds 7 could also be used to assist with upgrading a water softener system. He noted the loans would 8 have zero interest and could be paid back over five years. 9 10 MOTION/SECOND: Gunn/Meehlhause. To Waive the Reading and Adopt Resolution 20-EDA-11 335, A Resolution Approving an Amendment to the Loan Origination Agreement with the Center 12 for Energy and Environment . 13 14 Ayes – 5 Nays – 0 Motion carried. 15 16 7. REPORTS 17 18 None. 19 20 8. NEXT EDA MEETING: Monday, February 24, 2020 at 6:30 p.m. 21 22 9. ADJOURNMENT 23 24 President Mueller adjourned the meeting at 6:38 p.m. 25 26 Respectfully submitted, 27 28 29 Recorded and transcribed by: 30 Heidi Guenther 31 Minute Maker Secretarial 32 Item No 6A Meeting Date: June 8, 2020 Type of Business: EDA Administrator Review: ____ City of Mounds View Staff Report To: EDA President and Commissioners From: Brian Beeman, Assistant City Administrator Item Title/Subject: Brokerage Listing Agreement for EDA Owned Property Introduction: Remax has successfully listed both the Tires N More (1.04 acres) and Simon’s (.59 acres) properties. The EDA owns a (.41 acre) vacant lot adjacent to these two lots for a total of 2.04 acres. In the past, the EDA has given direction to staff that the EDA may consider selling the EDA owned lot if a developer also purchases both the Tires N More and Simon’s properties. Remax would like to market the entire site as a redevelopment project but that doesn’t exclude them from selling the two lots separately. The lot was originally purchased by the EDA October 15, 2000 for $125,000 which included a small house. The EDA rented out the home for a short time. Since that time, the City demolished the home and the lot has sat vacant for several years. Ramsey County has place the current estimated market value at $64,300 for the lot. Because the EDA owns the lot, there is currently no taxable income from the property and Public Works maintains the lot. Discussion: The EDA to review the listing agreement and additional attached materials from Remax and ask questions as necessary. Remax representatives will be on the Zoom meeting to further discuss their proposal. The EDA to consider if they would like to have a professional commercial real estate broker represent the EDA and market the property. The EDA owned property may be used as a business subsidy tool depending on the proposed development and the developer’s needs as well as other tools such as TIF etc. or a combination thereof. In the past, the EDA has chosen not to have a real estate brokerage firm represent them. However, in the last discussion regarding broker representation, the EDA chose to consider its options as- needed per project. Strategic Plan Strategy/Goal: Create and maintain a positive business climate where businesses want to locate and remain in Mounds View. Maximize utilization of development space and current redevelopment sites. Fill vacant space and support redevelopment & development. Continue and focus on public relations activities. Financial Impact: None, unless authorizing a commission fee to brokerage firm upon sale of property. Recommendation: Staff recommends that the EDA consider whether or not to enter into an agreement with Remax to market and sell the EDA owned property PID: 063023340061 located at 7861 Groveland Rd, Mounds View, MN 55112 by motion. If the EDA decides to enter in to an agreement, then the motion should also include the authorization of staff to cooperate with the City Attorney and all necessary parties to further review any documents, agreements, and resolutions needed for consideration at a future meeting. Respectfully submitted, ________________________ Brian Beeman Assistant City Administrator Attachments: 1) Remax Listing Agreement 2) Remax Offering Memo 2832 (Tires N More Property) 3) Remax Offering Memo 2440 (Simon’s Property) 4) Remax Offering 7861 (Entire Assemblage including EDA property) 5) EDA Property Redevelopment parcel map 6) EDA Redevelopment Brochure 748 Grand Avenue, Saint Paul, MN 55105 | Office: 651-256 -7404 r e s u l t s c o m m e r c i a l . c o m | i n f o @ r e s u l t s c o m m e r c i a l . c o m June 3rd, 2020 Brian Beeman, Assistant City Administrator City of Mounds View 2401 Mounds View Blvd Mounds View, MN 55112 RE: 7861 Groveland Rd, Mounds View (3 Parcel Assemblage) Dear Brian, Please see the attached materials in regard to the property at 7861 Groveland Rd, Mounds View and our currently listed properties at 2840 Mounds View Blvd and 2832 Mounds View Blvd. We have included the offering memorandums for our current listings along with the materials for the potential assemblage. This package also includes our standard listing documents with an additional Addendum in reference to the requested Memorandum of Understanding (MOU) language. Feel free to reach out to us with any additional questions you may have. Sincerely, Jessie Higgins Operations Manager Results Commercial Group 651.256.7404 Direct Jessie@resultscommercial.com AGENCY RELATIONSHIPS IN REAL ESTATE TRANSACTIONS 1. Page 1 2. MINNESOTA LAW REQUIRES that early in any relationship, real estate brokers or salespersons discuss with 3. consumers what type of agency representation or relationship they desire.(1) The available options are listed below. This 4. is not a contract. This is an agency disclosure form only. If you desire representation you must enter into a 5. written contract, according to state law (a listing contract or a buyer/tenant representation contract). Until such time 6. as you choose to enter into a written contract for representation, you will be treated as a customer and will not receive 7. any representation from the broker or salesperson. The broker or salesperson will be acting as a Facilitator (see 8. paragraph IV on page two (2)), unless the broker or salesperson is representing another party, as described below. 9. ACKNOWLEDGMENT: I/We acknowledge that I/we have been presented with the below-described options. 10. I/We understand that until I/we have signed a representation contract, I/we am/are not represented by the 11. broker/salesperson. I/We understand that written consent is required for a dual agency relationship. 12. THIS IS A DISCLOSURE ONLY, NOT A CONTRACT FOR REPRESENTATION. 13. (Signature) (Date) (Signature) (Date) 14. I. Seller’s/Landlord’s Broker: A broker who lists a property, or a salesperson who is licensed to the listing broker, 15. represents the Seller/Landlord and acts on behalf of the Seller/Landlord. A Seller’s/Landlord’s broker owes to 16. the Seller/Landlord the ﬁduciary duties described on page two (2).(2) The broker must also disclose to the Buyer 17. material facts as deﬁned in MN Statute 82.68, Subd. 3, of which the broker is aware that could adversely and 18. signiﬁcantly affect the Buyer’s use or enjoyment of the property. (MN Statute 82.68, Subd. 3 does not apply to 19. rental/lease transactions.) If a broker or salesperson working with a Buyer/Tenant as a customer is representing the 20. Seller/Landlord, he or she must act in the Seller’s/Landlord’s best interest and must tell the Seller/Landlord any 21. information disclosed to him or her, except conﬁdential information acquired in a facilitator relationship (see paragraph 22. IV on page two (2)). In that case, the Buyer/Tenant will not be represented and will not receive advice and counsel 23. from the broker or salesperson. 24. II. Buyer’s/Tenant’s Broker: A Buyer/Tenant may enter into an agreement for the broker or salesperson to represent 25. and act on behalf of the Buyer/Tenant. The broker may represent the Buyer/Tenant only, and not the Seller/Landlord, 26. even if he or she is being paid in whole or in part by the Seller/Landlord. A Buyer’s/Tenant’s broker owes to the 27. Buyer/Tenant the ﬁduciary duties described on page two (2).(2) The broker must disclose to the Buyer material facts 28. as deﬁned in MN Statute 82.68, Subd. 3, of which the broker is aware that could adversely and signiﬁcantly affect 29. the Buyer’s use or enjoyment of the property. (MN Statute 82.68, Subd. 3 does not apply to rental/lease transactions.) 30. If a broker or salesperson working with a Seller/Landlord as a customer is representing the Buyer/Tenant, he or 31. she must act in the Buyer’s/Tenant’s best interest and must tell the Buyer/Tenant any information disclosed to him 32. or her, except conﬁdential information acquired in a facilitator relationship (see paragraph IV on page two (2)). In 33. that case, the Seller/Landlord will not be represented and will not receive advice and counsel from the broker or 34. salesperson. 35. III. Dual Agency - Broker Representing both Seller/Landlord and Buyer/Tenant: Dual agency occurs when one 36. broker or salesperson represents both parties to a transaction, or when two salespersons licensed to the same 37. broker each represent a party to the transaction. Dual agency requires the informed consent of all parties, and 38. means that the broker and salesperson owe the same duties to the Seller/Landlord and the Buyer/Tenant. This 39. role limits the level of representation the broker and salesperson can provide, and prohibits them from acting 40. exclusively for either party. In a dual agency, conﬁdential information about price, terms and motivation for pursuing 41. a transaction will be kept conﬁdential unless one party instructs the broker or salesperson in writing to disclose 42. speciﬁc information about him or her. Other information will be shared. Dual agents may not advocate for one party 43. to the detriment of the other.(3) 44. Within the limitations described above, dual agents owe to both Seller/Landlord and Buyer/Tenant the ﬁduciary 45. duties described below.(2) Dual agents must disclose to Buyers material facts as deﬁned in MN Statute 82.68, Subd. 46. 3, of which the broker is aware that could adversely and signiﬁcantly affect the Buyer’s use or enjoyment of the 47. property. (MN Statute 82.68, Subd. 3 does not apply to rental/lease transactions.) MN:AGCYDICS-1 (8/19) Brian Beeman AGENCY RELATIONSHIPS IN REAL ESTATE TRANSACTIONS 48. Page 2 49. IV. Facilitator: A broker or salesperson who performs services for a Buyer/Tenant, a Seller/Landlord or both but 50. does not represent either in a ﬁduciary capacity as a Buyer’s/Tenant’s Broker, Seller’s/Landlord’s Broker or Dual 51. Agent. THE FACILITATOR BROKER OR SALESPERSON DOES NOT OWE ANY PARTY ANY OF THE FIDUCIARY 52. DUTIES LISTED BELOW, EXCEPT CONFIDENTIALITY, UNLESS THOSE DUTIES ARE INCLUDED IN A 53. WRITTEN FACILITATOR SERVICES AGREEMENT. The facilitator broker or salesperson owes the duty of 54. conﬁdentiality to the party but owes no other duty to the party except those duties required by law or contained in 55. a written facilitator services agreement, if any. In the event a facilitator broker or salesperson working with a Buyer/ 56. Tenant shows a property listed by the facilitator broker or salesperson, then the facilitator broker or salesperson 57. must act as a Seller’s/Landlord’s Broker (see paragraph I on page one (1)). In the event a facilitator broker or 58. salesperson, working with a Seller/Landlord, accepts a showing of the property by a Buyer/Tenant being represented 59. by the facilitator broker or salesperson, then the facilitator broker or salesperson must act as a Buyer’s/Tenant’s 60. Broker (see paragraph II on page one (1)). 61. (1) This disclosure is required by law in any transaction involving property occupied or intended to be occupied by 62. one to four families as their residence. 63. (2) The ﬁduciary duties mentioned above are listed below and have the following meanings: 64. Loyalty - broker/salesperson will act only in client(s)’ best interest. 65. Obedience - broker/salesperson will carry out all client(s)’ lawful instructions. 66. Disclosure - broker/salesperson will disclose to client(s) all material facts of which broker/salesperson has knowledge 67. which might reasonably affect the client(s)’ use and enjoyment of the property. 68. Conﬁdentiality - broker/salesperson will keep client(s)’ conﬁdences unless required by law to disclose speciﬁc 69. information (such as disclosure of material facts to Buyers). 70. Reasonable Care - broker/salesperson will use reasonable care in performing duties as an agent. 71. Accounting - broker/salesperson will account to client(s) for all client(s)’ money and property received as agent. 72. (3) If Seller(s)/Landlord(s) elect(s) not to agree to a dual agency relationship, Seller(s)/Landlord(s) may give up the 73. opportunity to sell/lease the property to Buyer(s)/Tenant(s) represented by the broker/salesperson. If Buyer(s)/ 74. Tenant(s) elect(s) not to agree to a dual agency relationship, Buyer(s)/Tenant(s) may give up the opportunity to 75. purchase/lease properties listed by the broker. 76. NOTICE REGARDING PREDATORY OFFENDER INFORMATION: Information regarding the predatory offender 77. registry and persons registered with the predatory offender registry under MN Statute 243.166 may be 78. obtained by contacting the local law enforcement ofﬁces in the community where the property is located, 79. or the Minnesota Department of Corrections at (651) 361-7200, or from the Department of Corrections Web site at 80. www.corr.state.mn.us. MN:AGCYDISC-2 (8/19) LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL 1. Date 2. Page 1 of pages 3. DEFINITIONS: This Contract involves the property located at , 4. City of , 5. County of , State of Minnesota, Zip Code , 6. legally described as (“Property”). 7. Seller is (“Seller”). 8. Broker is (“Broker”). (Real Estate Company Name) 9. This Contract starts on , and ends at 11:59 p.m. on 10. . This Contract terminates upon successful closing of the Property(ies) specified 11. in this Contract or expiration or cancellation of this Contract, whichever occurs first. 12. This Contract may only be canceled by written mutual agreement of the parties. 13. PRICE: Seller offers the Property for sale for the price of $ , upon the following 14. terms: . 15. LISTING: Seller gives Broker the exclusive right to sell the Property. In exchange, Broker agrees to list and market 16. the Property for sale. Broker may place a “For Sale” sign and a lock box with keys on the Property, unless prohibited by 17. governing authority. Seller understands this Contract DOES NOT give Broker authority to rent or manage the Property. 18. Seller understands Broker may be a member of a Multiple Listing Service (“MLS”), and if Broker is a member of the MLS, 19. and where available, Broker may give information to the MLS concerning the Property. Broker may place information 20. on the Internet concerning the Property, including sold information (except as limited in the following MLS Data Feed 21. Options section). Upon final acceptance of a purchase agreement, Seller allows Broker to withdraw the Property from 22. the market. If Broker sells the Property, Broker may notify the MLS and member REALTORS® of the price and terms 23. of the sale. Seller acknowledges that neither Broker, the MLS, the Minnesota Association of REALTORS®, nor any 24. other broker is insuring Seller or occupant against theft, loss, or vandalism. 25. MLS DATA FEED OPTIONS: 26. EXPLANATIONS AND DEFINITIONS: 27. “IDX site” means a web site operated by a broker participating in the MLS on which the broker can advertise the 28. listings of other brokers in MLS, subject to certain MLS rules. The consumer visiting an IDX site is not required to 29. register on the site or to have a brokerage relationship with the broker displaying listings on the site. 30. “Virtual office web site” (“VOW”) means a web site operated by a broker participating in the MLS that delivers 31. brokerage services to consumers over the world wide web. Visitors to a VOW are required to register on the site (with 32. their name and a real e-mail address) and enter a brokerage relationship with the broker operating the VOW. The 33. broker operating the VOW can then show the visiting customer/client nearly all of the information available to the broker 34. in MLS. The seller(s) of a listing has the right to opt out of certain kinds of data display under the MLS’s VOW policy. 35. The MLS imposes various other rules and restrictions on VOWs. 36. For each of the following options, the MLS system automatically defaults to “Yes.” Seller’s instructions pertaining to the 37. Internet display of the MLS input data for the Property are as follows: MN:LC:ERS-1:499 (8/19) 06/02/2020 7861 Groveland Road Mounds View Ramsey 55112 AUDITOR'S SUBDIVISION #89,N 116 FT 5 761 FT OF LOT 57 Mounds View Economic Development Authority RE/MAX Results Commercial Group June 2nd 2020 June 2nd 2021 Cash and conventional Negotiable LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL Page 2 38. 39. Property located at . 40. Option 1. Listing display on the Internet. If Seller selects “No,” this listing will not be included in MLS data feeds 41. to Internet web sites that display property listing data, whether intended for advertising the Property or 42. providing online brokerage services (e.g., VOWs). Brokers participating in MLS can still disclose the listing 43. to customers/clients via other means, including e-mail, fax, mail, hand delivery, and orally. 44. Shall the Property listing be displayed on the Internet, including sold information? Yes No 45. Seller understands and acknowledges that if Seller has selected “No” for Option 1, consumers who 46. conduct searches for listings on the Internet will not see information about the Property in response to 47. their searches. 48. If “No” was selected at Option 1, skip Options 2-4. If “Yes” was selected for Option 1, continue to Option 2. 49. Option 2. Listing address (house and unit numbers and street name) display on the Internet. If Seller selects 50. “No,” the address of the Property will be hidden on web sites receiving data feeds from MLS that result in 51. Internet listing display, whether intended for advertising the Property or providing online brokerage services 52. (e.g., VOWs). Brokers participating in MLS can still disclose the address to customers/clients via other 53. means, including e-mail, fax, mail, hand delivery, and orally. 54. Shall the listing address (house and unit numbers and street name) be displayed 55. on the Internet? Yes No 56. Option 3. An automated valuation of the Property listing or a link to an automated valuation of it may be 57. displayed adjacent to the listing. Some VOWs or IDX sites may provide an automated valuation model 58. (“AVM”) function/service. An AVM uses statistical calculations to estimate the value of a property based 59. upon data from public records, MLS, and other sources, and incorporating certain assumptions. The 60. accuracy of AVMs has sometimes been criticized because they do not take into consideration all relevant 61. factors in valuing a property. Seller, by selecting “No,” may prohibit display of an automated valuation of 62. his or her listing adjacent to the listing. 63. Shall an automatic valuation of the Property listing or a link to an automated 64 valuation be displayed adjacent to the listing? Yes No 65. Option 4. Comments or reviews of the Property by persons other than the displaying broker may be displayed 66. with or attached as a link to the listing data of the Property. Some VOWs or IDX sites may provide 67. functionality that permits the customers/clients using the VOW or IDX site to enter comments or reviews 68. with the listing or by hyperlink to such comments or reviews. Note that the broker displaying the listing on 69. his or her VOW or IDX site may add commentary representing his or her professional judgment regarding 70. the listing’s value, etc. 71. Shall comments or reviews of the Property by persons other than the displaying 72. broker be displayed with or attached as a link to the listing data of the Property? Yes No 73. LISTED FOR LEASE: The Property IS IS NOT currently listed for lease. If IS, the listing broker is -----------(Check one.)---------- 74. . If IS NOT, Seller MAY MAY NOT list the Property for lease during the -----------(Check one.)---------- 75. terms of this Contract with another broker. 76. Nothing in this Contract shall prohibit Broker and Seller from entering into a listing agreement for the lease of this 77. Property upon terms acceptable to both parties. MN:LC:ERS-2:499 (8/19) 7861 Groveland Road Mounds View 55112MN 8 8 8 8 8 8 LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL Page 3 78. 79. Property located at . 80. SELLER’S OBLIGATION: Seller shall notify Broker of relevant information important to the sale of the Property. 81. Seller shall cooperate with Broker in selling the Property. Seller shall promptly inform Broker about all inquiries Seller 82. receives about the Property. Seller agrees to provide and pay for any inspections and reports required by any 83. governmental authority. Seller agrees to provide unit owners’ association documents, if required. Seller shall remain 84. responsible for security, maintenance, utilities, and insurance during the term of this Contract, and for safekeeping, 85. securing and/or concealing any valuable personal property. Seller shall surrender any abstract of title and a copy of any 86. owner’s title insurance policy for this Property, if in Seller’s possession or control, to buyer or buyer’s designated title 87. service provider. Seller shall take all actions necessary to convey marketable title by the date of closing as agreed to in 88. a purchase agreement. Seller shall sign all documents necessary to transfer to buyer marketable title to the Property. 89. Seller has the full legal right to sell the Property. 90. Access to the Property: To facilitate the showing and sale of the Property, Seller authorizes Broker to: 91. 1. access the Property; 92. 2. authorize other brokers and their salespersons, inspectors, appraisers, contractors, and other industry 93. professionals to access the Property at reasonable times and upon reasonable notice; and 94. 3. duplicate keys to facilitate convenient and efficient showings of the Property. 95. Authorizing access means giving Broker permission to allow the above-referenced persons to enter the Property, with 96. or without a licensed salesperson present, disclosing to the other person any security codes necessary to enter the 97. Property, and lending a key to the other person to enter the Property, directly or through a lockbox. Seller agrees to 98. commit no act which might tend to obstruct Broker’s performance here. If the Property is occupied by someone other 99. than Seller, Seller shall comply with Minnesota law and any applicable lease provisions of an existing lease and provide 100. tenant with proper notice in advance of any Property showing. Seller understands the prospective buyers and others 101. authorized to access the Property may record the Property by photograph, video, or other medium while accessing 102. the Property. 103. RECORDING ONTHE PROPERTY: Seller understands that MN Statute 626A.02 specifically prohibits the interception 104. of oral communications without the consent of at least one of the two parties to the communication. Seller should seek 105. appropriate legal advice regarding compliance with this statute if Seller intends to utilize technology that may intercept 106. oral communications between persons other than Seller. 107. SELLER CONTENT LICENSE: In the event Seller provides content, including, but not limited to, any photos or videos 108. of the Property (“Seller Content”) to Broker, Seller grants to Broker a nonexclusive, perpetual, world-wide, transferable, 109. royalty free license to sub-license (including through multiple tiers), reproduce, distribute, display, perform, and create 110. derivative works of the Seller Content. Seller represents and warrants that Seller has authority to provide Seller Content 111. and Seller Content does not violate any restrictions regarding use including any third-party intellectual property rights 112. or laws. Seller agrees to execute any further documents that are necessary to effect this license. 113. NOTICE: THE COMPENSATION FOR THE SALE, LEASE, RENTAL, OR MANAGEMENT OF REAL PROPERTY 114. SHALL BE DETERMINED BETWEEN EACH INDIVIDUAL BROKER AND THE BROKER’S CLIENT. 115. BROKER’S COMPENSATION: 116. Seller agrees to pay Broker a retainer fee of $ at the commencement of this 117. Contract, which fee should be kept by Broker whether or not Seller sells the Property. The retainer fee will apply toward 118. satisfaction of any obligation to compensate Broker. 119. Seller shall pay Broker, as Broker’s compensation, $499.00, PLUS percent (%) of the selling price or 120. $ , whichever is greater, if Seller sells or agrees to sell the Property during 121. the term of this Contract. 122. Other: 123. MN:LC:ERS-3:499 (8/19) 7861 Groveland Road Mounds View 55112MN 0.00 0 LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL 124. Page 4 125. Property located at . 126. In addition, if before this Contract expires Broker presents a buyer who is willing and able to buy the Property at the 127. price and terms required in this Contract, but Seller refuses to sell, Seller shall still pay Broker the same compensation. 128. Seller agrees to pay Broker’s compensation whether Broker, Seller, or anyone sells the Property. Seller hereby permits 129. Broker to share part of Broker’s compensation with other real estate brokers, including brokers representing only the 130. buyer. Seller agrees to pay Broker’s compensation in full upon the happening of any of the following events: 131. 1. the closing of the sale; 132. 2. Seller’s refusal to close the sale; or 133. 3. Seller’s refusal to sell at the price and terms specified above. 134. If, within days (not to exceed six (6) months) after the expiration of this Contract, Seller sells or agrees to sell 135. the Property to anyone who: 136. 1. during this Contract made inquiry of Seller about the Property and Seller did not tell Broker about the inquiry; 137. or 138. 2. during this Contract made an affirmative showing of interest in the Property by responding to an advertisement, 139. or by contacting Broker or the licensee involved, or was physically shown the Property by Broker and whose 140. name and address is on a written list Broker gives to Seller within 72 hours after the expiration of this Contract; 141. then Seller shall still pay Broker the compensation noted here, even if Seller sells the Property without Broker’s 142. assistance. Seller understands that Seller does not have to pay Broker’s compensation if Seller signs another valid 143. listing contract or facilitator services agreement for this Property after the expiration or cancellation of this Contract, 144. under which Seller is obligated to compensate another licensed real estate broker. 145. To secure the payment of Broker’s compensation, Seller hereby assigns to Broker the gross proceeds from the sale 146. of the Property in an amount equal to the compensation due to Broker under this Contract. 147. COMPENSATION DISCLOSURE: Broker SHALL SHALL NOT offer compensation to cooperating brokers. ---------------(Check one.)--------------- 148. If SHALL, the compensation to cooperating brokers shall be as follows: 149. % of the gross sales price or $ , whichever is greater, to cooperating 150. brokers representing buyer. 151. % of the gross sales price or $ , whichever is greater, to cooperating 152. brokers assisting buyer. 153. Other: 154. 155. CLOSING SERVICES: 156. NOTICE: THE REAL ESTATE BROKER, LICENSEE REPRESENTING SELLE R, OR REAL ESTATE 157. CLOSING AGENT HAS NOT EXPRESSED AND, UNDER APPLICABLE STATE LAW, MAY NOT EXPRESS 158. OPINIONS REGARDING THE LEGAL EFFECT OF THE CLOSING DOCUMENTS OR OF THE CLOSING 159. ITSELF. 160. After a purchase agreement for the Property is signed, arrangements must be made to close the transaction. Seller 161. understands that no one can require Seller to use a particular person in connection with a real estate closing and that 162. Seller may arrange for a qualified closing agent or Seller’s attorney to conduct the closing. 163. Seller’s choice for closing services: (Check one.) 164. Seller directs Broker to arrange for a qualified closing agent to conduct the closing. 165. Seller shall arrange for a qualified closing agent or Seller’s attorney to conduct the closing. 166. (Seller’s Initials) (Seller’s Initials) MN:LC:ERS-4:499 (8/19) 7861 Groveland Road Mounds View 55112MN 180 8 8 LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL 167. Page 5 168. Property located at . 169. ADDITIONAL COSTS: Seller acknowledges that Seller may be required to pay certain closing costs, which may 170. effectively reduce the proceeds from the sale. 171. Seller understands that mortgage financing services are usually paid for by buyer; however, certain insured government 172. loans may require Seller to pay a portion of the fees for the mortgage loan. Seller understands that Seller shall not be 173. required to pay the financing fees on any mortgage without giving Seller’s written consent. 174. FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (“FIRPTA”): Section 1445 of the Internal Revenue Code 175. provides that a transferee (“Buyer”) of a United States real property interest must be notified in writing and must withhold 176. tax from the transferor (“Seller”) if the transferor (“Seller”) is a foreign person, provided there are no applicable exceptions 177. from FIRPTA withholding. 178. Seller represents and warrants that Seller IS IS NOT a foreign person (i.e., a non-resident alien individual, -----(Check one.)---- 179. foreign corporation, foreign partnership, foreign trust, or foreign estate) for purposes of income taxation. 180. Due to the complexity and potential risks of failing to comply with FIRPTA, Seller should seek appropriate legal and 181. tax advice regarding FIRPTA compliance, as Broker will be unable to confirm whether Seller is a foreign person 182. or whether the withholding requirements of FIRPTA apply. 183. WARRANTY: There are warranty programs available for some properties which warrant the performance of certain 184. components of a property, which warranty programs Seller may wish to investigate prior to the sale of the Property. 185. AGENCY REPRESENTATION: If a buyer represented by Broker wishes to buy the Seller’s Property, a dual 186. agency will be created. This means that Broker will represent both the Seller and the buyer, and owe the same 187. duties to the buyer that Broker owes to the Seller. This conflict of interest will prohibit Broker from advocating exclusively 188. on the Seller’s behalf. Dual agency will limit the level of representation Broker can provide. If a dual agency should arise, 189. the Seller will need to agree that confidential information about price, terms, and motivation will still be kept 190. confidential unless the Seller instructs Broker in writing to disclose specific information about the Seller. All other 191. information will be shared. Broker cannot act as a dual agent unless both the Seller and the buyer agree to it. By 192. agreeing to a possible dual agency, the Seller will be giving up the right to exclusive representation in an in-house 193. transaction. However, if the Seller should decide not to agree to a possible dual agency, and the Seller wants Broker 194. to represent the Seller, the Seller may give up the opportunity to sell the Property to buyers represented by Broker. 195. Seller’s Instructions to Broker: 196. Having read and understood this information about dual agency, Seller now instructs Broker as follows: 197. Seller will agree to a dual agency representation and will consider offers made by buyers represented by 198. Broker. 199. Seller will not agree to a dual agency representation and will not consider offers made by buyers represented 200. by Broker. 201. Real Estate Company Name: 202. Seller: 203. By: (Licensee) Seller: 204. Date: MN:LC:ERS-5:499 (8/19) 7861 Groveland Road Mounds View 55112 RE/MAX Results Commercial Group MN 8 8 Douglas Harris & Mark Hulsey Brian Beeman LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL 205. Page 6 206. Property located at . 207. OTHER POTENTIAL SELLERS: Seller understands that Broker may list other properties during the term of this 208. Contract. Seller consents to Broker representing or assisting such other potential sellers before, during, and after the 209. expiration of this Contract. 210. PREVIOUS AGENCY RELATIONSHIPS: Broker, or licensee representing Seller, may have had a previous agency 211. relationship with a potential buyer of Seller’s Property. Seller acknowledges that Seller’s Broker, or licensee representing 212. Seller, is legally required to keep information regarding the ultimate price and terms the buyer would accept and the 213. motivation for buying confidential, if known. 214. TERMINATION OF FIDUCIARY DUTIES: Broker’s fiduciary duties, except the duty of confidentiality, terminate upon the 215. successful closing of the Property(ies) specified in this Contract or expiration or cancellation of this Contract, whichever 216. occurs first. 217. INDEMNIFICATION: Broker will rely on the accuracy of the information Seller provides to Broker. Seller agrees 218. to indemnify and hold harmless Broker from and against any and all claims, liability, damage, or loss arising from any 219. misrepresentation, misstatement, omission of fact, or breach of a promise by Seller. Seller agrees to indemnify and hold 220. harmless Broker from any and all claims or liability related to damage or loss to the Property or its contents, or any 221. injury to persons in connection with the marketing of the Property. Indemnification by Seller shall not apply if the damage, 222. loss, or injury is the result of the gross negligence or willful misconduct of the Broker. 223. FAIR HOUSING NOTICE: Seller understands that Seller shall not refuse to sell or discriminate in the terms, conditions, 224. or privileges of sale, to any person due to his/her race, color, creed, religion, national origin, sex, marital status, status 225. with regard to public assistance, handicap (whether physical or mental), sexual orientation, or family status. Seller 226. understands further that local ordinances may include other protected classes. 227. ADDITIONAL NOTICES AND TERMS: As of this date Seller has not received notices from any municipality, 228. government agency, or unit owners’ association about the Property that Seller has not informed Broker about in writing. 229. Seller agrees to promptly inform Broker, in writing, of any notices of such type that Seller receives during the term of 230. this Contract. 231. This shall serve as Seller’s written notice granting Broker permission to obtain mortgage information (e.g., mortgage 232. balance, interest rate, payoff, and/or assumption figures) regarding any existing financing on the Property. A copy of 233. this document shall be as valid as the original. 234. ENTIRE AGREEMENT: This Contract and any addenda or amendments signed by the parties shall constitute the 235. entire agreement between Seller and Broker. Any other written or oral communication between Seller and Broker, 236. including, but not limited to, e-mails, text messages, or other electronic communications are not part of this Contract. 237. This Contract can be modified or canceled only in writing signed by Seller and Broker or by operation of law. All monetary 238. sums are deemed to be United States currency for purposes of this Contract. 239. ELECTRONIC SIGNATURES: The parties agree the electronic signature of any party on any document related to this 240. transaction constitute valid, binding signatures. 241. CONSENT FOR COMMUNICATION: Seller authorizes Broker and its representatives to contact Seller by mail, phone, 242. fax, e-mail, or other means of communication during the term of this Contract and anytime thereafter. MN:LC:ERS-6:499 (8/19) 7861 Groveland Road Mounds View 55112MN LISTING CONTRACT: EXCLUSIVE RIGHT TO SELL 243. Page 7 244. Property located at . 245. OTHER: 246. 247. 248. 249. BROKER SELLER 250. ACCEPTED BY: ACCEPTED BY: (Real Estate Company Name) (Seller’s Signature) 251. By: (Licensee’s Signature) (Seller’s Printed Name) 252. (Licensee’s Printed Name) (Date) 253. (Date) (Address) 254. (Address) (City/State/Zip) 255. (City/State/Zip) (Phone) 256. (Phone) (E-Mail Address) 257. (E-Mail Address) 258. SELLER 259. ACCEPTED BY: (Seller’s Signature) 260. (Seller’s Printed Name) 261. (Date) 262. (Address) 263. (City/State/Zip) 264. (Phone) 265. (E-Mail Address) 266. THIS IS A LEGALLY BINDING CONTRACT BETWEEN SELLER AND BROKER. 267. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. MN:LC:ERS-7:499 (8/19) 7861 Groveland Road Mounds View 55112 RE/MAX Results Commercial Group MN Douglas Harris & Mark Hulsey Brian Beeman 748 Grand AVE St Paul MN 55105-3306 brian.beeman@moundsviewmn.org ADDENDUM TO LISTING CONTRACT This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. © 2019 Minnesota Association of REALTORS®, Edina, MN 1. Date 2. Page of pages 3. Addendum to Listing Contract between parties, dated , pertaining to 4. the Property at 5. . 6. In the event of a conﬂict between this Addendum and any other provision of the Listing Contract, the language in this 7. Addendum shall govern. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. ACCEPTED BY: BY: (Real Estate Company Name) (Licensee) 29. Date Signed: 30. ACCEPTED BY: ACCEPTED BY: (Seller/Owner) (Seller/Owner) 31. (Date) (Date) 32. THIS IS A LEGALLY BINDING CONTRACT BETWEEN SELLER/OWNER AND BROKER. 33. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. MN-AERSLC (8/19) June 2nd, 2020 June 2nd 2020 7861 Groveland Road Mounds View MN 55112 RE/MAX Results Commercial Group has listed 2840 Mounds View Boulevard and 2832 Mounds View Boulevard, Mounds View with PID#'s 06-30-23-34-0089; 06-30-23-34-0086 & 06-30-23-34-0062. It is understood that RE/Max Results Commercial Group has the exclusive right to sell either property separately. RE/MAX Results Commercial Group understands that the City of Mounds View Economic Development Authority (EDA) has full ownership rights of PID# 063023340061 and will only be willing to sell PID# 063023340061 if the neighboring sites (PID#'s 06-30-23-34-0089; 06-30-23-34-0086 & 06-30-23-34-0062 are to sell to an EDA approved developer. RE/MAX Results Commercial Group FOR SALE 2832 HIGHWAY 10 NE MOUNDS VIEW, MN 55112 Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com PROPERTY INFORMATION 3 PROPERTY PHOTOS 11 LOCATION INFORMATION 15 ABOUT THE CITY OF MOUNDS VIEW 18 DEMOGRAPHICS 20 ContentsConfidentiality & Disclaimer All materials and information received or derived from RE/MAX Results Commercial Group its directors,officers,agents,advisors,affiliates and/or any third party sources are provided without representation or warranty as to completeness ,veracity,or accuracy,condition of the property, compliance or lack of compliance with applicable governmental requirements,developability or suitability,financial performance of the property,projected financial performance of the property for any party’s intended use or any and all other matters. Neither RE/MAX Results Commercial Group its directors,officers,agents,advisors,or affiliates makes any representation or warranty,express or implied,as to accuracy or completeness of the any materials or information provided,derived,or received.Materials and information from any source, whether written or verbal,that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party.RE/MAX Results Commercial Group will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party.All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals.RE/MAX Results Commercial Group makes no warranties and/or representations regarding the veracity,completeness,or relevance of any financial data or assumptions.RE/MAX Results Commercial Group does not serve as a financial advisor to any party regarding any proposed transaction.All data and assumptions regarding financial performance,including that used for financial modeling purposes,may differ from actual data or performance.Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level.Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney.Tax questions should be discussed by the party with a certified public accountant or tax attorney.Title questions should be discussed by the party with a title officer or attorney.Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers,architects,contractors,other consultants and governmental agencies.All properties and services are marketed by RE/MAX Results Commercial Group in compliance with all applicable fair housing and equal opportunity laws. 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 TABLE OF CONTENTS PROPERTY INFORMATION Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com PROPERTY HIGHLIGHTS •1.04 Acres (PID# 06-30-23-34-0086 is 0.34 acres; PID# 06-30-23-34-0089 is 0.70 acres) •Zoned B-3 Highway Business District •21,400 Vehicles Per Day Along US Highway 10 •~20+ Parking •~9,818 SF (~8,186 Warehouse + ~1,632 Office) •2 Drive-In Doors:13'W x 14' H •15' 7" Clear Height •Surrounded by National Retailers:CVS, Caribou Coffee, Domino's Pizza, Burger King... •Updates:Sprinkler System 2013, Infrared Heating, Updated Electrical •**Part of a potential 3 Contiguous Property Assemblage with 2.04 acres.**Can also besold separately. OFFERING SUMMARY Sale Price:$999,999 Building Size:~9,818 SF Lot Size:1.04 Acres Price / SF:$101.85 Year Built:1965 Zoning:B3 - Highway Business Traffic Count:21,400 **Assemblage Property 1 of 3 with 2.04 Acres **Can also be sold separately SECTION 1 / PAGE 4 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 EXECUTIVE SUMMARY Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com PROPERTY OVERVIEW 1.04 acres on 2 parcels along Highway 10 offers excellent visibility to 21,000+cars per day.Zoned B3-Highway Business allows a wide range of uses including Multi-Family and Mixed Use.Ideal for a national retailer,neighbors include CVS, Caribou Coffee,Domino’s Pizza and Burger King.Affluent demographics and merely 16 miles from the Twin Cities makes this an ideal redevelopment area or relocation for your business.Average household incomes over $71,000 in the 1,3 &5 mile radius.The Twin Cities is home to 19 Fortune 500 Companies with the 17th busiest airport. The current building is ~9,818 SF,2 drive-in doors 14’H x 13’W,clear height 15’7”,sprinkler installed in 2013,2 bathrooms, updated electrical, 2 infrared heaters, 2 HVAC roof units, upper floor with storage.Parking is 20+. Contact listing brokers for all tours. **Please Note:This is part of a potential 3 Contiguous Property Assemblage with 2.04 acres.**Can also be sold separately. SECTION 1 / PAGE 5 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 PROPERTY OVERVIEW Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com SALE PRICE $999,999 LOCATION INFORMATION Street Address 2832 Mounds View Blvd. City, State, Zip Mounds View, MN 55112 County/Township Ramsey/30 Range 23 Section 06 Side Of Street West Road Type Highway Nearest Highway Highway 10 NE Nearest Airport Minneapolis - St. Paul International Airport BUILDING INFORMATION Building Size ~9,818 SF Number Of Floors 1 Year Built 1965 Construction Status Existing Roof Flat Free Standing Yes Office Buildout ~1632 SF PROPERTY DETAILS Property Type Retail, Commercial Warehouse Property Subtype Free Standing Building Zoning B3 - Highway Business Lot Size 1.04 Acres APN#06-30-23-34-0086 ; 06-30-23-34-0089 Lot Frontage 165 Lot Depth 418 Traffic Count 21,400 Traffic Count Street Highway 10 NE; Mounds View Boulevard Taxes $15,120 PARKING & TRANSPORTATION Parking Type Surface UTILITIES & AMENITIES Central HVAC 2 Rooftop Restrooms 2 Exterior Description Cinder Block, with 2 Drive-In Doors, 14'H x 13'W Interior Description ~8,186 Warehouse + ~1,632 Office Utilities Description 2 Rooftop HVAC, 2 Infrared Heaters in Warehouse SECTION 1 / PAGE 6 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 PROPERTY DETAILS Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com SECTION 1 / PAGE 7 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 FLOOR PLANS Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com SECTION 1 / PAGE 8 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 FLOOR PLANS Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com B-3 HIGHWAY BUSINESS DISTRICT The purpose of the B-3,Highway Business District is to provide for and limit the establishment of motor vehicle oriented or dependent commercial and service activities. PERMITTED USES:All permitted uses as allowed in a B-2 Limited Business District.Amusement centers.Auto accessory stores.Bowling alleys.Commercial recreational uses.Grocery stores,supermarkets.Motels,motor hotels and hotels;provided,that the lot area contains not less than five hundred (500)square feet of lot area per unit.Private clubs or lodges serving food and beverages with use being restricted to members and their guests.Adequate dining room,kitchen and bar space must be provided according to standards imposed upon similar unrestricted customer operations.The serving of alcoholic beverages to members and their guests shall be allowed;provided,that such service is in compliance with applicable Federal,State and Municipal regulations39.Offices of such use shall be limited to no more than twenty percent (20%) of the gross floor area of the building. Public or semi-public recreational buildings and neighborhood or community centers, public and private educational institutions limited to elementary,junior high and senior high schools and religious institutions.Rental stores.Restaurants,cafes,tea rooms, taverns, on- and off-sale liquor. Taxi terminals, stands and offices. For More Information:https://cms6.revize.com/revize/moundsviewmn/I%20Want%20To/Combined%20Zoning%20Code.pdf SECTION 1 / PAGE 9 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 ZONING INFORMATION Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com REDEVELOPMENT DISTRICT The City of Mounds View has identified sites located in their central commercial corridor that are open for redevelopment.These sites are along the heavily traveled Mounds View Blvd.These potential redevelopment sites may or may not be City owned but the City has made us aware that they would be open to new concepts. The City of Mounds View feels based on developer meetings,that the highest and best use for this site would be multi-family or mixed-use.This site could potentially consist of 3 parcels,2832 Mounds View Blvd "Tires N More"(1.04 acres),2840 Mounds View Blvd (.59 acres)and 7861 Groveland Rd,the City's EDA lot (.41 acres).The EDA would only consider selling their vacant lot if a developer purchases 2832 Mounds View Blvd (Tires N More) & 2840 Mounds View Blvd. For more information on potential redevelopment please contact: Brian Beeman, Assistant City Administrator City of Mounds View brian.beeman@moundsviewmn.org SECTION 1 / PAGE 10 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 REDEVELOPMENT DISTRICT PROPERTY PHOTOS Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com SECTION 2 / PAGE 12 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 PROPERTY PHOTOS Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com SECTION 2 / PAGE 13 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 PROPERTY PHOTOS Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com SECTION 2 / PAGE 14 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 PROPERTY PHOTOS LOCATION INFORMATION Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com SECTION 3 / PAGE 16 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 RETAILER MAP Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com SECTION 3 / PAGE 17 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 LOCATION MAPS ABOUT THE CITY OF MOUNDS VIEW Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com ABOUT THE CITY OF MOUNDS VIEW The City of Mounds View is a third ring suburb of diverse residents located 10 miles north of Minneapolis and St.Paul in Ramsey County located at the juncture of I-35W and Mounds View Blvd and surrounded by the cities of Blaine,Arden Hills,New Brighton, Fridley and Spring Lake Park. With over 150 businesses including Medtronic,Sysco and MultiTech to name a few,Mounds View is a medical hub supporting several labs,warehouse/distribution,and manufacturing facilities.For entertainment,Mounds View hosts the famous Mermaid Event and Entertainment Center,a 15 screen movie theater,Community &Event Center run by the YMCA,and several retail businesses. For more information: https://www.moundsviewmn.org/ SECTION 4 / PAGE 19 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 ABOUT THE CITY OF MOUNDS VIEW DEMOGRAPHICS Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com POPULATION 1 MILE 3 MILES 5 MILES Total Population 9,021 64,945 182,982 Average age 43.2 39.8 37.7 Average age (Male)42.2 38.2 36.4 Average age (Female)43.2 40.5 38.6 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 3,772 26,152 73,587 # of persons per HH 2.4 2.5 2.5 Average HH income $71,044 $71,383 $70,871 Average house value $233,381 $214,560 $226,493 * Demographic data derived from 2010 US Census SECTION 5 / PAGE 21 2832 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 DEMOGRAPHICS MAP & REPORT FOR SALE 2840 MOUNDS VIEW BOULEVARD, MOUNDS VIEW, MN 55112 Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com PROPERTY INFORMATION 3 PROPERTY PHOTOS 14 LOCATION INFORMATION 19 ABOUT THE CITY OF MOUNDS VIEW 23 DEMOGRAPHICS 25 ContentsConfidentiality & Disclaimer All materials and information received or derived from RE/MAX Results Commercial Group its directors,officers,agents,advisors,affiliates and/or any third party sources are provided without representation or warranty as to completeness ,veracity,or accuracy,condition of the property, compliance or lack of compliance with applicable governmental requirements,developability or suitability,financial performance of the property,projected financial performance of the property for any party’s intended use or any and all other matters. Neither RE/MAX Results Commercial Group its directors,officers,agents,advisors,or affiliates makes any representation or warranty,express or implied,as to accuracy or completeness of the any materials or information provided,derived,or received.Materials and information from any source, whether written or verbal,that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party.RE/MAX Results Commercial Group will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party.All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals.RE/MAX Results Commercial Group makes no warranties and/or representations regarding the veracity,completeness,or relevance of any financial data or assumptions.RE/MAX Results Commercial Group does not serve as a financial advisor to any party regarding any proposed transaction.All data and assumptions regarding financial performance,including that used for financial modeling purposes,may differ from actual data or performance.Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level.Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney.Tax questions should be discussed by the party with a certified public accountant or tax attorney.Title questions should be discussed by the party with a title officer or attorney.Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers,architects,contractors,other consultants and governmental agencies.All properties and services are marketed by RE/MAX Results Commercial Group in compliance with all applicable fair housing and equal opportunity laws. 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 TABLE OF CONTENTS PROPERTY INFORMATION Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com PROPERTY HIGHLIGHTS •Corner lot with 0.59 acres •Zoned B-2 Limited Business District •21,400 Vehicles Per Day along US Highway 10 NE •~15 Parking Spaces •~8,294 Total Building SF (6,039 Total Main Floor + 2,255 SF Total Basement) •2 Drive Up Dock Doors - (Unit 1 Door is 42" x 82"); (Unit 2 is 46" x 78") •Updates – Unit 1 Roof Top HVAC ~$27K •Surrounded By National Retailers:CVS, Caribou Coffee, Domino's Pizza, Burger King •Unit 1 (Vacant):~2,826 SF Main Floor + ~978 Basement •Unit 2 (Leased Monthly $900):~3,212 SF Main Floor + ~1,277 Basement •**Part of a 3 Contiguous Property Assemblage with 2.04 acres.**Can also be sold separately. OFFERING SUMMARY Sale Price:$469,900 Building Size:8,294 SF Lot Size:0.59 Acres Price / SF:$56.66 Year Built:1946 Zoning:B2 - Limited Business Traffic Count:21,400 **Assemblage Property 1 of 3 with 2.04 acres **Can also be sold separately SECTION 1 / PAGE 4 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 EXECUTIVE SUMMARY Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com PROPERTY OVERVIEW 0.59 acres along Highway 10 offers excellent visibility to 21,000 +cars per day.Zoned B-2 Limited Business allows a wide range of uses including Multi-Family and Mixed Use.Ideal for a national retailer,neighbors include CVS,Caribou Coffee,Domino's Pizza and Burger King.Affluent demographics and merely 16 miles from the Twin Cities makes this an ideal redevelopment area or relocation for your business.Average household incomes over $71,000 in the 1,3 &5 mile radius.The Twin Cities is home to 19 Fortune 500 Companies with the 17th busiest airport. The current building has 8,294 Total SF and ~15 parking spaces.Unit 1 (Vacant)is ~3,805 SF (~2,826 SF Main Floor,~978 SF Basement) +Unit 2 (Leased)is 4,490 SF (~3,212 Main Floor,~1,277 SF Basement),2 drive up dock doors.Recent upgrades include roof top HVAC ~$27K.Contact listing brokers for all tours. **Please Note:This is part of a potential 3 Contiguous Property Assemblage with 2.04 acres.**Can also be sold separately. SECTION 1 / PAGE 5 2840 MOUNDS VIEW BOULEVARD MOUNDS VIEW, MN 55112 PROPERTY OVERVIEW Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com LOCATION INFORMATION Street Address 2840 Mounds View Blvd. City, State, Zip Mounds View, MN 55112 County/Township Ramsey/30 Cross Streets US HWY 10 & Groveland Road Range 23 Section 06 Side Of Street West Road Type Paved Nearest Highway US Highway 10 Nearest Airport Minneapolis−Saint Paul International Airport Retail Clientele Liquor Store(Vacant) & Janitorial Supply(Tenant) BUILDING INFORMATION Building Size 8,294 SF Occupancy %50% Tenancy Multiple Number Of Floors 2 Units Side by Side - each have basement Average Floor Size 4,147 SF Year Built 1946 Construction Status Existing Roof Flat Free Standing Yes Number Of Buildings 2 SALE PRICE $469,900 PROPERTY DETAILS Property Type Retail Property Subtype Free Standing Building Zoning B2 - Limited Business Lot Size 0.59 Acres APN#06-30-23-34-0062 Lot Frontage 200 Lot Depth 219 Corner Property Yes Traffic Count 21,400 Traffic Count Street Highway 10 NE; Mounds View Boulevard Taxes $15,498 PARKING & TRANSPORTATION Parking Type Surface Number Of Spaces Estimated at `15 UTILITIES & AMENITIES Restrooms Unit 1 (2 bathrooms), Unit 2 (1 bathroom) Loading Description 2 Dock High Doors (42" x 82") & (46" x 78") SECTION 1 / PAGE 6 2840 MOUNDS VIEW BOULEVARD, MOUNDS VIEW, MN 55112 PROPERTY DETAILS Unit 1 Unit 2 2,826 sf Main Floor 3,212 sf Main Floor 106’1” 82’ 8” 42’ 67’3” 38’8” 978 sf Basement 1,277 sf Basement 21’5” 47’10” 45’5” 67’3” 27’11” Estimated Basement Square Footage Total = 2,255 sf Estimated Main Floor Square Footage Total = 6,039 sf Unit 1 2,826 sf Main Floor 978 sf Basement 3,805 sf Total Unit 2 3,212 sf Main Floor 1,277 sf Basement 4,490 sf Total Totals 6,039 sf Main Floor 2,255 sf Basement 8,294 sf Total EXTERIOR SQUARE FOOTAGE TOTALS Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com SECTION 1 / PAGE 8 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 FLOOR PLAN - UNIT 1 (MAIN FLOOR) Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com SECTION 1 / PAGE 9 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 FLOOR PLAN - UNIT 1 (BASEMENT) Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com SECTION 1 / PAGE 10 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 FLOOR PLAN - UNIT 2 (MAIN FLOOR) Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com SECTION 1 / PAGE 11 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 FLOOR PLAN - UNIT 2 (BASEMENT) Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com B-2 LIMITED BUSINESS DISTRICT The purpose of the B-2 Limited Business District is to provide for low intensity retail or service outlets which deal directly with the customer for whom the goods and services are furnished.The uses allowed in this District are to provide goods and services on a limited community market scale and located in areas which are well served by collector or arterial street facilities at the edge of residential districts. Permitted Uses:Service oriented business such as bank,savings &loan,saving credit unions and other financial institutions,Commercial (leased &professional office),Copy service but not including printing press or newspaper,Dry cleaning &laundry service (pick up only),Educational or instructional facilities,Employment agencies,Finance companies, Health &beauty services,Insurances sales/claims/branch offices,Locksmith,Medical and dental offices &clinics,Public utility collection services,Real estate sales,Shoe repair, Therapeutic massage,Travel bureaus,Retail all permitted uses allowed in the B-1 Neighborhood Business District,Antique shop,Art &school supplies,Auto accessory or motor vehicle parts store (no repair,install,service or outdoor storage/sales),Bakery goods and baking goods,Bicycle sales and repair,Books or stationery stores,Camera &photographic supplies,Candy,ice cream,popcorn,nuts,frozen desserts and soft drinks,Coin and philatelic stores,Costume/clothing rental,Delicatessen,Drugstore,Fabric store,Florist shop, Frozen food store (not including a locker plant),Furniture showroom (no warehousing),Furriers (only for retail trade on premises),Gift or novelty store,Hardware store,Hobby store (including classes but no more than 15 students),Ice sales (no outside storage or exceed 5 tons),Jewelry stores &watch repair,Leather goods &luggage stores,Liquor (off sale), Meat market (not including processing),Office supplies &equipment,Plumbing/TV/Radio/Electrical sales and such repair,Record/music shops,Restaurant,cafe and tea room with a maximum of 24 seats and 2,000 sf in floor area (cannot include drive thru and/or window pick up),Rugs/Carpet/Tile/Paint &Wallpaper sales,Shoe store,Sporting goods,Tailor shop, Toy store, Video rental sales/service, Wearing apparel Tattoo/Body Piercing shop. For more information:https://cms6.revize.com/revize/moundsviewmn/I%20Want%20To/Combined%20Zoning%20Code.pdf SECTION 1 / PAGE 12 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 ZONING INFORMATION Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com REDEVELOPMENT DISTRICT The City of Mounds View has identified sites located in their central commercial corridor that are open for redevelopment.These sites are along the heavily traveled Mounds View Blvd.These potential redevelopment sites may or may not be City owned but the City has made us aware that they would be open to new concepts. The City of Mounds View feels,based on developer meetings,that the highest and best use for this site would be multi-family or mixed-use.This site could potentially consist of 3 parcels,2832 Mounds View Blvd "Tires N More"(1.04 acres),2840 Mounds View Blvd (.59 acres)and 7861 Groveland Rd,the City's EDA lot (.41 acres). The EDA would only consider selling their vacant lot if a developer purchases 2832 Mounds View Blvd (Tires N More) & 2840 Mounds View Blvd. For more information on potential redevelopment please contact: Brian Beeman, Assistant City Administrator City of Mounds View brian.beeman@moundsviewmn.org SECTION 1 / PAGE 13 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 REDEVELOPMENT DISTRICT PROPERTY PHOTOS Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com SECTION 2 / PAGE 15 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 PROPERTY PHOTOS Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com SECTION 2 / PAGE 16 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 PROPERTY PHOTOS Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com SECTION 2 / PAGE 17 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 PROPERTY PHOTOS Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com SECTION 2 / PAGE 18 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 PROPERTY PHOTOS LOCATION INFORMATION Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com SECTION 3 / PAGE 20 2840 HIGHWAY 10 NE MOUNDS VIEW, MN 55112 RETAILER MAP Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com SECTION 3 / PAGE 21 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 LOCATION MAPS Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com TRAFFIC COUNTS Mounds View Blvd/Highway 10: 21,400 Vehicles Per Day Highway 65: 41,000 Vehicles Per Day County Rd I: 4,900 Vehicles Per Day Groveland Rd: 1,250 Vehicles Per Day Red Oak Dr: 3,200 Vehicles Per Day I - 35W: 123,000 Vehicles Per Day I-694: 120,000 Vehicles Per Day SECTION 3 / PAGE 22 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 TRAFFIC COUNTS ABOUT THE CITY OF MOUNDS VIEW Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com ABOUT THE CITY OF MOUNDS VIEW The City of Mounds View is a third ring suburb of diverse residents located 10 miles north of Minneapolis and St.Paul in Ramsey County located at the juncture of I-35W and Mounds View Blvd and surrounded by the cities of Blaine, Arden Hills, New Brighton, Fridley and Spring Lake Park. With over 150 businesses including Medtronic,Sysco and MultiTech to name a few,Mounds View is a medical hub supporting several labs,warehouse/distribution, and manufacturing facilities.For entertainment,Mounds View hosts the famous Mermaid Event and Entertainment Center,a 15 screen movie theater,Community & Event Center run by the YMCA, and several retail businesses. For more information:https://www.moundsviewmn.org/ SECTION 4 / PAGE 24 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 ABOUT THE CITY OF MOUNDS VIEW DEMOGRAPHICS Presented By: Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com POPULATION 1 MILE 3 MILES 5 MILES Total Population 8,896 65,094 182,518 Average age 43.4 39.7 37.7 Average age (Male)42.3 38.1 36.4 Average age (Female)43.5 40.4 38.7 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 3,730 26,200 73,479 # of persons per HH 2.4 2.5 2.5 Average HH income $71,110 $71,163 $71,029 Average house value $233,754 $212,976 $227,092 * Demographic data derived from 2010 US Census SECTION 5 / PAGE 26 2840 MOUNDS VIEW BLVD. MOUNDS VIEW, MN 55112 DEMOGRAPHICS MAP & REPORT ASSEMBLAGE FOR SALE 2.04 ACRES 3 PROPERTY ASSEMBLAGE MOUNDS VIEW, MN 55112 Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com PROPERTY INFORMATION 3 CUSTOM SECTION 12 LOCATION INFORMATION 15 CUSTOM SECTION 18 DEMOGRAPHICS 20 ContentsConfidentiality & Disclaimer All materials and information received or derived from RE/MAX Results Commercial Group its directors,officers,agents,advisors,affiliates and/or any third party sources are provided without representation or warranty as to completeness ,veracity,or accuracy,condition of the property, compliance or lack of compliance with applicable governmental requirements,developability or suitability,financial performance of the property,projected financial performance of the property for any party’s intended use or any and all other matters. Neither RE/MAX Results Commercial Group its directors,officers,agents,advisors,or affiliates makes any representation or warranty,express or implied,as to accuracy or completeness of the any materials or information provided,derived,or received.Materials and information from any source, whether written or verbal,that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party.RE/MAX Results Commercial Group will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party.All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals.RE/MAX Results Commercial Group makes no warranties and/or representations regarding the veracity,completeness,or relevance of any financial data or assumptions.RE/MAX Results Commercial Group does not serve as a financial advisor to any party regarding any proposed transaction.All data and assumptions regarding financial performance,including that used for financial modeling purposes,may differ from actual data or performance.Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level.Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney.Tax questions should be discussed by the party with a certified public accountant or tax attorney.Title questions should be discussed by the party with a title officer or attorney.Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers,architects,contractors,other consultants and governmental agencies.All properties and services are marketed by RE/MAX Results Commercial Group in compliance with all applicable fair housing and equal opportunity laws. 3 PROPERTY ASSEMBLAGE MOUNDS VIEW, MN 55112 TABLE OF CONTENTS PROPERTY INFORMATION Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com PROPERTY OVERVIEW 2.04 contiguous acres to be redeveloped within Zoning B-2 Limited Business and B-3 Highway Business.This is an exclusiveopportunitytopurchaseaportfolioof4parcelsalongHighway10offeringexcellentvisibilityto21,000+cars per day.Zoning allowsawiderangeofusesincludingMulti-Family and Mixed Use.Neighbors include CVS,Caribou Coffee,Domino’s Pizza and BurgerKing.Affluent demographics and the close proximity to the Twin Cities makes this an ideal redevelopment area.Averagehouseholdincomesover$71,000 in the 1 to 5 mile radius.The Twin Cities is home to 19 Fortune 500 Companies with the 17thbusiest airport.All 3 properties are in the Redevelopment Plan per the City Of Mounds View.Contact listing brokers for all tours. PROPERTY HIGHLIGHTS •All 3 addresses below are contiguous: •• Total of 2.04 Total Acres (4 PID#s: 06-30-23-34-0062, 06-30-23-34-0061; 06-30-23-34-0089; 06-30-23-34-0086) •• 2832 Mounds View Blvd, 1.04 acres - PID#'s 06-30-23-34-0089; 06-30-23-34-0086 – Zoned B-3 - $999,999 •• 2840 Mounds View Blvd, 0.59 acres - PID# 06-30-23-34-0062 – Zoned B-2 - $469,900 •• 7861 Groveland Rd, 0.41 acres - PID# 06-30-23-34-0061 – Zoned B-2 - City Owned - $ PRICE NEGOTIABLE SECTION 1 / PAGE 4 3 PROPERTY ASSEMBLAGE, MOUNDS VIEW, MN 55112 EXECUTIVE SUMMARY Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com LOCATION INFORMATION Street Addresses Mounds View Blvd - 3 Property Assemblage 2832 Mounds View Blvd, Mounds View 2840 Mounds View Blvd, Mounds View 7861 Groveland Road, Mounds View City, State, Zip Mounds View, MN 55112 County/Township Ramsey/30 Cross Streets Groveland Road & Mounds View Boulevard Range 23 Section 06 Side Of Street West Road Type Highway Nearest Highway Highway 10 Nearest Airport Minneapolis - St. Paul International Airport LAND Number Of Lots 4 Best Use Multi-Family & Mixed Use Irrigation Yes Water Yes Telephone Yes Cable Yes Sewer Yes SALE PRICE NEGOTIABLE PROPERTY DETAILS Property Type Land Zoning B-2 Limited & B-3 Highway Business Lot Size Total 2.04 Acres = (1.04 ac +0.59 ac + 0.41 ac) APN#06-30-23-34-0086; 06-30-23-34-0089 06-30-23-34-0061; 06-30-23-34-0062 Lot Frontage 365 Lot Depth 337 Corner Property Yes Traffic Count 21,400 Traffic Count Street Highway 10 NE, Mounds View Boulevard Taxes $30,618 SECTION 1 / PAGE 5 3 PROPERTY ASSEMBLAGE, MOUNDS VIEW, MN 55112 PROPERTY DETAILS Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com PROPERTY DETAILS - 2832 MOUNDS VIEW BLVD, MOUNDS VIEW •1.04 Acres (PID# 06-30-23-34-0086 is 0.34 acres; PID# 06-30-23-34-0089 is 0.70 acres) •Zoned B-3 Highway Business District •21,400 Vehicles Per Day Along US Highway 10 •Surrounded by National Retailers: CVS, Caribou Coffee, Domino's Pizza, Burger King... •~20+ Parking •~9,818 SF (~8,186 Warehouse + ~1,632 Office) •2 Drive-In Doors: 13'W x 14' H •15' 7" Clear Height •Updates:Sprinkler System 2013, Infrared Heating, Updated Electrical •Price $999,999 SECTION 1 / PAGE 6 2832 MOUNDS VIEW BOULEVARD, MOUNDS VIEW, MN 55112 PROPERTY # 1 - $999,999 Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com PROPERTY DETAILS - 2840 MOUNDS VIEW BLVD, MOUNDS VIEW •Corner lot with 0.59 acres - (PID# 06-30-23-34-0062) •Zoned B-2 Limited Business District •21,400 Vehicles Per Day along US Highway 10 NE •Surrounded By National Retailers:CVS, Caribou Coffee, Domino's Pizza, Burger King •~15 Parking Spaces •~8,294 Total Building SF (6,039 Total Main Floor + 2,255 SF Total Basement) •2 Drive Up Dock Doors - (Unit 1 Door is 42" x 82"); (Unit 2 is 46" x 78") •Updates – Unit 1 Roof Top HVAC ~$27K •Unit 1 (Vacant): ~2,826 SF Main Floor + ~978 Basement •Unit 2 (Leased Monthly $900): ~3,212 SF Main Floor + ~1,277 Basement •Price $469,900 SECTION 1 / PAGE 7 2840 MOUNDS VIEW BOULEVARD, MOUNDS VIEW, MN 55112 PROPERTY # 2 - $469,900 Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com PROPERTY DETAILS - 7861 GROVELAND ROAD, MOUNDS VIEW •0.41 Acres (PID# 06-30-23-34-0061) •Zoned B-2 Limited Business District •21,400 Vehicles Per Day Along US Highway 10 •City Owned •Surrounded by National Retails:CVS, Caribou Coffee, Domino's Pizza, Burger King, etc... •City Owned Economic Development Authority(EDA) Would Like A Developer To Purchase All 3 Properties (2832 Mounds View Blvd, 2840 Mounds View Blvd & 7861 Groveland Rd) And Propose One Redevelopment Project Before Considering Selling 7861 Groveland Rd •EDA May Allow Other Options Depending Upon The Proposal •EDA May Consider A Business Subsidy Depending Upon The Project And Other Variables •Best Use Would Be Multi-Family Or Mixed Use, But All Options Will Be Considered •$$ Price Negotiable SECTION 1 / PAGE 8 7861 GROVELAND ROAD, MOUNDS VIEW, MN 55112 PROPERTY # 3 - NEGOTIABLE Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com B-2 LIMITED BUSINESS DISTRICT The purpose of the B-2 Limited Business District is to provide for low intensity retail or service outlets which deal directly with the customer for whom the goods and services are furnished.The uses allowed in this District are to provide goods and services on a limited community market scale and located in areas which are well served by collector or arterial street facilities at the edge of residential districts. Permitted Uses:Service oriented business such as bank,savings &loan,saving credit unions and other financial institutions,Commercial (leased &professional office),Copy service but not including printing press or newspaper,Dry cleaning &laundry service (pick up only),Educational or instructional facilities,Employment agencies,Finance companies,Health &beauty services,Insurances sales/claims/branch offices,Locksmith,Medical and dental offices &clinics,Public utility collection services,Real estate sales,Shoe repair,Therapeutic massage,Travel bureaus,Retail all permitted uses allowed in the B-1 Neighborhood Business District, Antique shop,Art &school supplies,Auto accessory or motor vehicle parts store (no repair,install,service or outdoor storage/sales),Bakery goods and baking goods, Bicycle sales and repair,Books or stationery stores,Camera &photographic supplies,Candy,ice cream,popcorn,nuts,frozen desserts and soft drinks,Coin and philatelic stores,Costume/clothing rental,Delicatessen,Drugstore,Fabric store,Florist shop,Frozen food store (not including a locker plant),Furniture showroom (no warehousing),Furriers (only for retail trade on premises),Gift or novelty store,Hardware store,Hobby store (including classes but no more than 15 students),Ice sales (no outside storage or exceed 5 tons),Jewelry stores &watch repair,Leather goods &luggage stores,Liquor (off sale),Meat market (not including processing), Office supplies &equipment,Plumbing/TV/Radio/Electrical sales and such repair,Record/music shops,Restaurant,cafe and tea room with a maximum of 24 seats and 2,000 sf in floor area (cannot include drive thru and/or window pick up),Rugs/Carpet/Tile/Paint &Wallpaper sales,Shoe store,Sporting goods,Tailor shop,Toy store,Video rental sales/service, Wearing apparel Tattoo/Body Piercing shop. For more information:https://cms6.revize.com/revize/moundsviewmn/I%20Want%20To/Combined%20Zoning%20Code.pdf SECTION 1 / PAGE 9 MOUNDS VIEW BLVD - 3 PROPERTY ASSEMBLAGE MOUNDS VIEW, MN 55112 ZONING:B-2 LIMITED BUSINESS DISTRICT Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com B-3 HIGHWAY BUSINESS DISTRICT The purpose of the B-3,Highway Business District is to provide for and limit the establishment of motor vehicle oriented or dependent commercial and service activities. PERMITTED USES:All permitted uses as allowed in a B-2 Limited Business District.Amusement centers.Auto accessory stores.Bowling alleys.Commercial recreational uses.Grocery stores,supermarkets.Motels,motor hotels and hotels;provided,that the lot area contains not less than five hundred (500)square feet of lot area per unit.Private clubs or lodges serving food and beverages with use being restricted to members and their guests.Adequate dining room,kitchen and bar space must be provided according to standards imposed upon similar unrestricted customer operations.The serving of alcoholic beverages to members and their guests shall be allowed;provided,that such service is in compliance with applicable Federal,State and Municipal regulations39.Offices of such use shall be limited to no more than twenty percent (20%) of the gross floor area of the building. Public or semi-public recreational buildings and neighborhood or community centers, public and private educational institutions limited to elementary,junior high and senior high schools and religious institutions.Rental stores.Restaurants,cafes,tea rooms, taverns, on- and off-sale liquor. Taxi terminals, stands and offices. For More Information:https://cms6.revize.com/revize/moundsviewmn/I%20Want%20To/Combined%20Zoning%20Code.pdf SECTION 1 / PAGE 10 3 PROPERTY ASSEMBLAGE, MOUNDS VIEW, MN 55112 ZONING:B-3 HIGHWAY BUSINESS DISTRICT Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com REDEVELOPMENT DISTRICT The City of Mounds View has identified sites located in their central commercial corridor that are open for redevelopment.These sites are along the heavily traveled Mounds View Blvd.These potential redevelopment sites may or may not be City owned but the City has made us aware that they would be open to new concepts. The City of Mounds View feels based on developer meetings,that the highest and best use for this site would be multi-family or mixed-use. This site could potentially consist of 3 parcels,Tires N More (1.04 acres),2840 Mounds View Blvd (.59 acres)and the City's EDA lot (.41 acres). The EDA would only consider selling their vacant lot if a developer purchases 2832 Mounds View Blvd (Tires N More)&2840 Mounds View Blvd. For more information on potential redevelopment please contact: Brian Beeman, Assistant City Administrator City of Mounds View brian.beeman@moundsviewmn.org SECTION 1 / PAGE 11 3 PROPERTY ASSEMBLAGE, MOUNDS VIEW, MN 55112 REDEVELOPMENT DISTRICT PROPERTY PHOTOS Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com SECTION 2 / PAGE 13 MOUNDS VIEW BLVD - 3 PROPERTY ASSEMBLAGE MOUNDS VIEW, MN 55112 PROPERTY PHOTOS Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com SECTION 2 / PAGE 14 MOUNDS VIEW BLVD - 3 PROPERTY ASSEMBLAGE MOUNDS VIEW, MN 55112 PROPERTY PHOTOS LOCATION INFORMATION Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com SECTION 3 / PAGE 16 MOUNDS VIEW BLVD - 3 PROPERTY ASSEMBLAGE MOUNDS VIEW, MN 55112 RETAILER MAP Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com SECTION 3 / PAGE 17 MOUNDS VIEW BLVD - 3 PROPERTY ASSEMBLAGE MOUNDS VIEW, MN 55112 LOCATION MAPS ABOUT THE CITY OF MOUNDS VIEW Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com ABOUT THE CITY OF MOUNDS VIEW The City of Mounds View is a third ring suburb of diverse residents located 10 miles north of Minneapolis and St.Paul in Ramsey County located at the juncture of I-35W and Mounds View Blvd and surrounded by the cities of Blaine,Arden Hills, New Brighton, Fridley and Spring Lake Park. With over 150 businesses including Medtronic,Sysco and MultiTech to name a few,Mounds View is a medical hub supporting several labs,warehouse/distribution,and manufacturing facilities.For entertainment,Mounds View hosts the famous Mermaid Event and Entertainment Center,a 15 screen movie theater,Community &Event Center run by the YMCA, and several retail businesses. For more information:https://www.moundsviewmn.org/ SECTION 4 / PAGE 19 3 PROPERTY ASSEMBLAGE MOUNDS VIEW, MN 55112 ABOUT THE CITY OF MOUNDS VIEW DEMOGRAPHICS Presented By: Douglas Harris |Commercial Broker |651.256.7404 |douglas@resultscommercial.com Mark Hulsey |Managing Broker |651.256.7404 |mark@resultscommercial.com POPULATION 1 MILE 3 MILES 5 MILES Total Population 7,724 54,515 169,635 Average age 33.5 39.6 39.1 Average age (Male)34.5 38.1 37.4 Average age (Female)32.1 40.4 40.2 HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 2,862 22,177 68,268 # of persons per HH 2.7 2.5 2.5 Average HH income $64,442 $75,613 $76,260 Average house value $259,569 $244,441 $249,661 * Demographic data derived from 2010 US Census SECTION 5 / PAGE 21 MOUNDS VIEW BLVD - 3 PROPERTY ASSEMBLAGE MOUNDS VIEW, MN 55112 DEMOGRAPHICS MAP & REPORT .41 Acres Vacant Lot Redevelopment Opportunity 7861 Groveland Road, Mounds View, MN 5512 $Negotiable (Developers to Present Proposals to EDA) PID: 063023340061 EDA would like a developer to purchase all three parcels (Tires N More, Simon’s building, & EDA lot) and propose one redevelopment project before considering selling the .41 vacant lot. However, other options may be alowable depending on the proposal. EDA may consider a business subsidy depending on the project and other variables. Contract Brian Beeman, Assistant City Administrator for more information. 763.717.4029 Brian.beeman@moundsviewmn.org www.moundsviewmn.org 2.54 Acres Redevelopment Opportunity Redevelopment Site: Pat’s Muffler, Sports Shop, ABC Liquor, Tire’s N More, City-Owned Lot CVS Pharmacy 2832 & 0 Tires-N- More 7861 EDA 2840 ABC Liquor 2848 Pat’s Muffler County Rd 10 Silver Lake Rd Description: This prime mixed-use development opportunity is located on the south side of Mounds View Boulevard between Groveland Rd and Silver Lake Rd. approximately nine miles northeast of Downtown Minneapolis and 11 miles northwest of Downtown St. Paul. The site is situated in close proximity to transportation networks, major employment centers, colleges, and universities, regional shopping centers and numerous recreational spots. Property Addresses: 2848 Mounds View Boulevard (0.50 acres) 2840 Mounds View Boulevard (0.59 acres) 2832 & 0 Mounds View Boulevard (1.04 acres) 7861 Groveland Rd (0.41 acres) Lot Size: 2.54 acres includes all five parcels (Flat, some trees, Mounds View Boulevard & Groveland Road access) 2.04 acres includes the Simon’s building, Tires N More, & EDA lot. Price: $1,386,500 includes all five parcels both building and land as per 20 20 Ramsey County Estimated Market Values Payable 2021 (Asking Prices may be higher than the County’s Estimated Values) Status: Mostly buildings with lots, one vacant building with lot, two occupied buildings with lot, one warehouse use with lot and adjacent vacant lot, one vacant EDA owned lot Zoning: All five parcels either B-2 (Limited Business District) or B-3 (Highway Business District) 2848 = B-3, 2840 = B-2, 2832 & 0 = B-3, 7861 = B-2 (City may consider a PUD if needed) Possible Uses B-2: Low intensity retail or service outlets, Service Oriented Businesses which serve the Mounds View community, Bank, savings & loan, savings credit unions and other financial institutions, Commercial (leased and professional offices), Copy service but not including printing press or newspaper, Dry cleaning pick-up and laundry pick-up stations, including repair and assembly but not including processing, Educational or instructional facilities, Employment agencies, Finance companies, Health and beauty services, Insurance sales, claims and branch offices, Locksmith, Medical and dental offices and clinics, Real estate sales, Shoe repair, Therapeutic massage, Travel bureaus, transportation ticket office, Limited use retail such as: All permitted B-1 uses, Antique shop, Auto accessory or motor vehicle parts store with no repairs, installations or service work done on any motor vehicles on site, and with no outside sales or storage, Bakery goods and baking of goods for retail on the premises, Bicycle sales and repair, Books or stationary stores, Camera and photographic supplies, Candy, ice cream, popcorn, nuts, frozen desserts and soft drinks, Coin and philatelic stores, Costume, clothes rental, Delicatessen, Drugstore, Fabric store, Florist shop, Frozen food store but not including a locker plant, Furniture showroom without warehousing, Furriers when conducted only for retail trade on premises, Gift or novelty store, Hardware store, Hobby store, including handicraft classes but no to exceed (15) students, Ice sales with storage not to exceed five (5) tons, Jewelry stores and watch repair, Leather goods and luggage stores, Liquor, off-sale, Meat market but not including processing for a locker plant, Office supplies and equipment, Plumbing, television, radio, electrical sales and such repair as are accessory use to the retail establishments permitted within this District, Record/music shops, Restaurant, café, and tea room with a maximum of twenty four (24) seats and two thousand (2,000) square feet in floor area. The restaurant shall not include drive-thru and/or window pick-up services or the serving of food to patrons in their vehicles, Rugs, carpet, tile, paint ad wallpaper sales, Shoe stores, Small appliance sales and service, Sporting goods store, Tailor shops, Toy stores, Video rental, sales and service, Wearing apparel, Tattoo, Body Piercing, Body Branding under certain conditions. Possible Uses B-3: All permitted used as allowed in a B-2 Limited Business District, Amusement centers, Auto accessory stores, Bowling alleys, Commercial recreational uses, Grocery stores, supermarkets, Motels & hotels, private clubs or lodges serving food and beverages, Public or semi-public recreational buildings and neighborhood or community centers, public and private educational institutions limited to elementary, junior high and senior high schools and religious institutions, such as churches, chapels, temples, and synagogues, Rental stores, Restaurants, cafes, tea rooms, taverns, on- and off-sale liquor, Taxi terminals, stands and offices. Demographics: 1 mile radius population (2012): 9,384 3 mile radius population (2012): 60,119 5 mile radius population (2012): 176,470 1 mile Growth 2012 – 2017: 1.6% Income: 5 mile radius avg. HH income (2012): $77,211 Traffic Counts: County Road 10 (2012): 21,910 Property Information: 2848 Mounds View Boulevard, Owner(s): Rick S. Austin, Pats Muffler and Welding, Property ID#: 063023310043, 2020 Ramsey County Estimated Market Values Payable 2021: Land: $152,500, Building: $193,200, Total = $345700, Last Sale Date: 6/2/1998 @ $210,000, Asking Price : $350,000 listed by Colliers, Agent: Andrew Odney, Andrew.Odney@colliers.com, 952.897.7709, Land Area: 0.5 acres, Current Use: Automotive Service Station (Vacant, formerly Pat’s Muffler and Welding) 2840 Mounds View Boulevard, Owner(s): Deloris M Simon Trustee, Lawrence A. Simon Trustee, Property ID#: 063023340062, 2020 Ramsey County Estimated Market Values Payable 2021: Land: $179,000, Building: $223,500, Total = $402,500, Last Sale Date: N/A, Asking Price: N/A (Not currently listed for sale) Zillow: 5/22/2012 for $79,000 Coldwell Banker, estimated market rate = $601,563, Land Area: 0.59, Current Use: Small (under 10,000 sq. ft.) Detach Retail (Simon’s Sport Shop & ABC Liquor) Larry Simon’s mother is Deloris. Larry is the executor of the trust. All inquiries should contact Larry Simon, 952.994.9767, Larrysimon4@gmail.com 2832 & 0 Mounds View Boulevard, Owners(s): C & N Group LLC, Property ID#: 063023340089 & 063023340086, 2020 Ramsey County Estimated Market Values Payable 2021: Land: $317,100 Building: $256,900, Total = $574,000, Last Sale Date: 4/13/2012 @ $250,000, Asking Price: (Sale of 2832 and 0 are tied together $550,000 for all 1.04 acres) listed by Colliers, Agent: Dan Freiedner, Dan.Friedner@colliers.com, 952.897.7863, & Jay Chmieleski, Jay.Chmieleski@colliers.com, 952.897.7801, Land Area: 0.7 acres & 0.34 = 1.04, (Building 10,560 sq. ft., Office, 1,920 sq. ft., Warehouse, 8,640, two drive-in doors, 16’ clear height) Current Use: Commercial Warehouse (Tires-N- More) 7861 Groveland Rd, Owners(s): Mounds View Economic Development Authority, Property ID: 063023340061, 2020 Ramsey County Estimated Market Values Payable 2021: Land: $64,300, Building: N/A (demolished) Total = $64,300, Last Sale Date: 10/16/2000 @ $125,000 for both building & land, Asking Price: N/A (see Mounds View EDA), Land Area: 0.41, Current Use: Residential/exempt Vacant Lot Current Owner/Contact: City of Mounds View Brian Beeman Assist City Administrator 763.717.4029 Brian.Beeman@MoundsViewMN.org