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~c~n~vu~ °~ a <br />~~a~ / ~ i <br />2011 City of Elk River Board of Appeal and Equalization <br />Apri127s`, 2011 <br />Recommendations from County Assessor <br />For changes to the 2011 Assessment <br />DEAN & BARBARA JOHNSON HOLDING, LP P.I.N. 75-627-0110 <br />3915 COUNTY RD 44 <br />MINNETRISTA MN 55364 <br />PROPERTY TYPE: COMMERCIAL /PRECISION TUNE /STRIP MALL <br />LEGAL DESCRIPTION: LOT 2, BLK 1, ELK RIVER RETAIL CENTER NO TWO <br />2011 Original <br />Land $ 318,900 <br />Building $ 691,800 <br />Total $ 1,010,700 <br />2011 Suggested Change <br />Land $ 318,900 <br />Building $ 576,700 <br />Total $ 895,600 <br />Reduction: A reduction to the building of $115,100. <br />Reason: After reviewing the property a 5% reduction was made due to the condition of <br />the building and an 11.6% reduction was made for high vacancy for the 2011 assessment. <br />