438 Independence Avenue N, Champlin, MN 55316

$2,500,000
Property Type: Commercial Lot Size (sq. ft.): 38,768 Status: Closed
Current Price: $2,500,000 List Date: 9/21/2022 Last Modified: 8/07/2025

Overview

Description

Majority remodeled 18 unit turn key apartment building in Champlin.

Listing Details MLS# 6252230

General Property Information

Living Area Units
Square Feet
Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
28
Owner Occupied
No
Year Built
1976
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
7025
Garage Stalls
10
For Sale or Lease
For Sale
Acres
0.89
Lot Dimensions
160' X IRREG.

Property Features

Accessible: None Air Conditioning: Heat Pump; Window Unit(s) Amenities Shared: Coin-op Laundry Owned Appliances: Range; Refrigerator CMU Style: Apartments/Multi Family; Business Opportunity; Low Rise Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Financing Terms: Conventional Flooring: Other/See Remarks Fuel: Natural Gas Heating: Hot Water Loan Terms: Cash; Conventional Lot Description: Corner Lot; Tree Coverage - Light On Site Utilities: Electric Separate; Heating Common; Hot Water Common Owner Pays: Fuel; Insurance; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water Parking Characteristics: Paved Lot Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Street Lights Roof: Flat; Rubber Sewer: City Sewer/Connected Tenant Pays: Electricity; Other Water: City Water/Connected; Other

Contract Information

Off Market Date
2022-11-14
Closed Date
2022-12-22
Sales Close Price
2500000
Contingency
None
ListPrice
3250000
Owner is an Agent?
No

Location Tax and Other Information

House Number
438
Street Name
Independence
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Champlin
County
Hennepin
State
MN
Zip Code
55316
Complex/Dev/Subdivision
Champlin

Assessments

Tax With Assessments
26237
Assessment Balance
0

Building Information

Building Finished SqFt
21075
Building SqFt
21075

More Information

Lease Details

Land Leased
Not Applicable
Monthly Land Lease Amt
0

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
21
Section#
19
Township#
120

Sale Options

Sale Includes
Building, Business, Fixture/Equipment, Inventory, Land, Leases

Unit 2

No. of 2 Bedroom Units
18

Unit Details

Total Units
18

Office/Member Info

Association
GLAR
MLSID
RMLS

Location, Tax and Other Information

Legal Description
BLOCK 035 CHAMPLIN LOTS 1 AND 2 INCL ADJ 1/2 OF VAC STREETS
Listing City
Champlin
Map Page
63
Rental License?
No
School District
Anoka-Hennepin
School District Phone
763-506-1000
Map Coordinate Source
RETS
Zip Plus 4
2071
Property ID Number
1912021230062
Tax Year
2022
Tax Amount
26237
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Majority remodeled 18 unit turn key apartment building in Champlin.
Directions
FROM DAYTON RIVER ROAD, TO A RIGHT ON COLBURN STREET NORTH, TAKE A LEFT ON RICHARDSON AVE NORTH, TURN RIGHT ON INDEPENDENCE AVE TO PROPERTY ON YOUR RIGHT.

Accessible

None
Yes

Air Conditioning

Heat Pump
Yes
Window Unit(s)
Yes

Amenities Shared

Coin-op Laundry Owned
Yes

Appliances

Range
Yes
Refrigerator
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Financing Terms

Conventional
Yes

Flooring

Other/See Remarks
Yes

Fuel

Natural Gas
Yes

Heating

Hot Water
Yes

Lot Description

Corner Lot
Yes
Tree Coverage - Light
Yes

Owner Pays

Fuel
Yes
Insurance
Yes
Lawn
Yes
Maintenance/Repair
Yes
Snow Removal
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Parking Characteristics

Paved Lot
Yes

Road Frontage

City Street
Yes
Curbs
Yes
Paved Streets
Yes
Sidewalks
Yes
Street Lights
Yes

Roof

Flat
Yes
Rubber
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes
Other
Yes

No. of Ranges

Six or More
Yes

No. of Refrigerators

Six or More
Yes

Tenant Pays

Electricity
Yes
Other
Yes

On Site Utilities

Electric Separate
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Apartments/Multi Family
Yes
Business Opportunity
Yes
Low Rise
Yes

Current Use

Residential
Yes

Loan Terms

Cash
Yes
Conventional
Yes

Documents

IDX
Listing Office: Heartland Real Estate
Last Updated: August - 07 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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