317 Lake Street NE, Warroad, MN 56763

317 Lake Street NE Warroad, MN 56763

For Sale MLS# 6313423

4,450 sq ft Commercial

Data current as of {{getLocalTime('2023-04-01T21:35:35Z')}}

Details for 317 Lake Street NE

MLS# 6313423

Description for 317 Lake Street NE, Warroad, MN, 56763

PRIME COMMERCIAL INVESTMENT OPPORTUNITY! This historic downtown Warroad, MN building features 2,225 square feet of finished floor space on each level plus a 24x30 attached garage space for your storage needs. The main level is currently occupied by Annie's Trading Post Outlet (retail space) complete with handicap accessibility, dual 1/2 bath customer bathrooms, brick features, industrial feeling exposed ductwork and bonus storage room. Upstairs the 3 bedroom, 2 bathroom residential rental unit is spacious with unique character abounding - stunning kitchen, impressive faux fireplace, wet bar, tiled bathroom, walk-in closets, crown moulding, laundry and a rooftop sitting area. Both units have central air, separate natural gas forced air furnaces and many recent renovations have been completed. Proven rental history with impressive income generation and no recent vacancies. Excellent location along heavily traveled Lake Street. Reach out for financial details and more information!

Listing Information

Property Type: Commercial, Apartments and Retail

Status: Active

Lot Size: 0.07 Acres

Square Feet: 4,450 sq ft

Year Built: 1912

Foundation: 2,225 sq ft

Garage: Yes

Stories: 2 Stories


Property Attached: No

Date Available:

Model Home:


Completion date:

Subdivision: Moodys Addition



Total Units: 2

Current Use: Commercial,Residential,Retail

Background Check: No


Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Roseau

Days On Market: 121

HERS Score:

Construction Status: Previously Owned

School Information

District: 690 - Warroad




Interior Features

Square Footage above:

Square Footage below:

Appliances: Refrigerator, Range, Microwave, Dishwasher, Washer, Dryer, Electric Water Heater

Flooring: Carpet,Tile,Wood

Basement: Stone, Unfinished, Crawl Space, Posts

Doors/Windows: Insulated Windows, Double Pane Windows

Accessibility: Doors 36+, Partially Wheelchair, Wheelchair Ramp

Additional Interior Features: Walk-In Closet, Kitchen Window, Hardwood Floors, Washer/Dryer Hookup, Ceiling Fan(s), Kitchen Center Island, Paneled Doors, Wet Bar, Tile Floors


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities: Electric Common,Electric Separate,Heating Separate,Hot Water Separate

Other Utilities:

Cooling: Central

Heating: Radiant, Forced Air, Electric, Natural Gas

Exterior / Lot Features

Attached Garage

Garage Spaces: 2

Parking Spaces: 0

Parking Description: Attached Garage, Garage Dimensions - 24x30, Garage Door Height - 8, Garage Door Width - 14, Garage Sq Ft - 720.0

Exterior: Block, Brick/Stone

Roof: Flat, Age Over 8 Years, Rubber, Age 8 Years or Less

Lot View:

Lot Dimensions: 25x120

Farm Type:

Crop Type:

Zoning: Business/Commercial

Topography: Level

Additional Exterior/Lot Features: Overhead Doors, City View, Zero Lot Line, Land Inclusions - Building,Land,Leases, Road Frontage - Street Lights, Storm Sewer, City, Curbs, Paved Streets, Sidewalks

Soil Type:

Tillable Acres:

Unit Information

Monthly Rent: 1200

Total Baths: 2

Total Rooms: 6

Monthly Rent: 1100

Total Baths: 2

Total Bedrooms: 3

Total Rooms: 9

Driving Directions

In Warroad from the junction of State Hwy 11 and Lake Street NE stoplights: head Northeast on Lake Street for 0.2 miles, property located on the left.

Financial Considerations

Other Deposit Fees:

Assessments: $90

Covenants/Deed Restrictions:


Tenant Pays: Broadband,Cable T.V.,Snow

Owner Pays: Electric,Fuel,Insurance,Maintenance/Repair,Taxes,Trash,Water/Sewer

Annual Income: $27,600

Ownership Type:

Tax/Property ID: 5600229

Tax Amount: $2,368

Tax Year: 2023

HomeStead Description: Non-Homesteaded

Price Changes

$310,000 Original Price
$310,000 Current Price
+$0 Total Change
Date Price Change
12/1/2022 04:44 PM $310,000

Sales History

Date Price Change
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Tax Summary

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Schools nearby 317 Lake Street NE

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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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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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings