$49,900

411 Railroad Avenue, Albany, MN 56307


$49,900

Off-Market Date: 11/22/2021

($40,000) 10/13/2021

411 Railroad Avenue Albany, MN 56307

Pending MLS# 6110754

5,400 sq ft Commercial

Data current as of {{getLocalTime('2022-07-06T09:15:21Z')}}

Details for 411 Railroad Avenue

MLS# 6110754

Description for 411 Railroad Avenue, Albany, MN, 56307


Solid building and business opportunity in the downtown area across the street from the City Hall. This former bar/restaurant also has an apartment area on the 2nd floor that needs major updating. Basement area has 2 access points with a front and rear door for deliveries into the storage areas. Spacious bar area includes a walk-in cooler and kitchen. Wide open spaces for billiard/gaming area, raised stage are for live music events. Bar/restaurant also needs updating. Building has excellent bones and the visibility is prime. Needs updating and being sold in AS-IS condition. Check with City of Albany for available municipal improvement funds as well.

Listing Information


Property Type: Commercial, Business Opportunity

Status: Pending

Bedrooms: 4

Bathrooms: 2

Lot Size: 0.10 Acres

Square Feet: 5,400 sq ft

Year Built: 1900

Foundation: 4,400 sq ft

Garage: No

Stories: 2 Stories

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: Townsite Of Albany

Builder:

Foundation:

Total Units: 1

Current Use: Tavern/Lounge

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Stearns

Days On Market: 36

HERS Score:

Construction Status: Previously Owned

School Information


District: 745 - Albany

Elementary:

Middle:

High:

Room Information


Bathrooms

Full Baths: 2

Interior Features


Square Footage above:

Square Footage below:

Flooring:

Accessibility: Wheelchair Ramp

Additional Interior Features: Real Estate Owned

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

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

Other Utilities:

Cooling: Central

Heating: Forced Air, Natural Gas

Exterior / Lot Features


Parking Spaces: 6

Parking Description: On-Street Parking Only

Exterior: Metal, Brick/Stone

Roof: Rubber

Lot View:

Lot Dimensions: 25x50x90x35x140

Farm Type:

Crop Type:

Zoning: Business/Commercial

Additional Exterior/Lot Features: Land Inclusions - Building,Fixture/Equipment,Land,Liquor License,Other

Soil Type:

Tillable Acres:

Driving Directions


From I-94 Exit onto 8th St, go north to Railroad Ave to the property.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 40255960000

Tax Amount: $3,226

Tax Year: 2020

HomeStead Description: 0

Price Changes


$89,900 Original Price
$49,900 Current Price
-$40,000 Total Change
Date Price Change
10/13/2021 02:23 PM $49,900 -$40,000
10/6/2021 04:58 PM $89,900

Sales History

Date Price Change
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Tax Summary

Tax Year Estimated Market Value Taxable Market Value Total Tax
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Schools nearby 411 Railroad Avenue

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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Schools nearby 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.

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Contingent and Pending statuses may not be available for all listings