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IDENTIFICATION <br />Street Address: NEC of Line Avenue & 181St Avenue, Elk River <br /> <br />Legal Description: S35-T33-R26, LOT 1, BLOCK 1, MULVANEY POINT, <br />SHERBURNE COUNTY, MINNESOTA. <br /> <br />The County PID #: 75-656-0105 <br /> <br />The Fee Owner: United States Postal Service <br /> <br />Census Tract #: 305.02 <br />REAL ESTATE TAXES <br />Tax, 2007 payable: Exempt <br />Special assessments & other fees: None <br />Total remaining assessments & other fees: None <br /> <br />Assessor's Value (2007) <br />Land: $1,026,800 <br />Building: None <br />Total: $1,026,800 ($5.25 per SF) <br />Comments: The subject property owner is a tax exempt entity-therefore, not taxed. Tax <br />rates for improved commercial properties typically range from 3-4% of the assessed value. <br />SUBJECT BUILDING & SALES HISTORY <br />Sales History: The subject last sold in September of 2000 for $1,222,682 ($6.25 per SF). <br />No other known or reported sales of the subject property within the past 3 years. <br />Building History: No buildings on site. <br />Nagel) Appraisal 8 Consulting ~ 952-544-8966 (www.callnagell.com 5 <br />