$449,900
18 NE Schmitz Street Adams, MN 55909
For Sale MLS# 7006896
5,900 sq ft Commercial
Details for 18 NE Schmitz Street
MLS# 7006896
Description for 18 NE Schmitz Street, Adams, MN, 55909
Well-maintained 8-unit apartment building located in Adams. The property features a balanced unit mix of six 2-bedroom units and two 1-bedroom units.The building is configured with two separate coin-operated laundry rooms, one serving each section of the property. Electric utilities are separately metered, and electric heat is provided, allowing residents to manage their own utility usage.The property currently operates with on-site management, which is available to remain in place or may transition at the discretion of new ownership. Existing leases allow for 30-day notice to vacate following a change in ownership, offering operational flexibility.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 14
Bathrooms: 8
Lot Size: 0.70 Acres
Square Feet: 5,900 sq ft
Year Built: 1979
Foundation: 3,072 sq ft
Stories: 2 Stories
Subdivision: Mays 1st Add
Number Of Units Total: 8
Current Use: Residential
County: Mower
Days On Market: 148
Construction Status: Previously Owned
School Information
District: 500 - Southland
Interior Features
Appliances: Range, Refrigerator
Utilities
Water: City Water - In Street
Sewer: City Sewer - In Street
Other Utilities: Electric Separate,Heating Separate,Hot Water Common
Cooling: Wall
Heating: Baseboard, Natural Gas
Exterior / Lot Features
Open Parking: 8
Parking Description: gravel lot
Exterior: Brick/Stone, Vinyl
Roof: Asphalt Shingles
Lot Dimensions: 180x170
Zoning: Business/Commercial,Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Leases
Unit Information
Unit 1 Actual Rent: 775
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 2 Actual Rent: 800
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 3 Actual Rent: 675
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Unit 4 Actual Rent: 775
Unit 4 Baths Total: 1
Unit 4 Beds Total: 2
Unit 5 Actual Rent: 775
Unit 5 Baths Total: 1
Unit 5 Beds Total: 2
Unit 6 Actual Rent: 575
Unit 6 Baths Total: 1
Unit 6 Beds Total: 2
Driving Directions
Go to Adams, from MN-56 (Shooting Star Scenic Bywy) turn left onto Schmitz Street, Property is across from Mill
Financial Considerations
Tenant Pays: Electric,Heat
Gross Income: 60300
Expense: 9900
Tax/Property ID: 210150010
Tax Amount: 6856
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Compass
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 18 NE Schmitz Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 18 NE Schmitz Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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