a Berkshire Hathaway affiliate

$200,000

, Frazee, MN 56544


Frazee, MN 56544

For Sale MLS# 20-26014

Commercial

Data current as of {{getLocalTime('2020-10-26T18:30:55Z')}}

Details

MLS# 20-26014

Description for , Frazee, MN, 56544


5 unit mixed use investment property with 3 commercial spaces and 2 residential units make this the perfect mixed use investment for your portfolio. Located on the busiest corner of Frazee this building has character and modern features. With $25,800 in yearly rents this investment has a strong 11.7% ROI. 2 of the Commercial spaces will be empty because they are currently used by the real estate office that is selling the building. We have already received several interested parties in leasing both of them.

Listing Information


Property Type: Commercial

Status: Active

Lot Size:

Square Feet:

Year Built: 1915

Foundation: 2,400 sq ft

Garage: No

Stories:

Construction: Poured Concrete

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 5

Current Use: Business Service,Other,Professional Service,Residential

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County:

HERS Score:

Construction Status:

School Information


District: Frazee-Vergas #23

Elementary:

Middle:

High:

Interior Features


Square Footage above: 4,800 sq ft

Square Footage below: 2,400 sq ft

Flooring:

Additional Interior Features: Restrooms

Utilities


Water: City

Available Utilities:

Other Utilities:

Cooling: Central

Heating: Natural Gas, Boiler

Exterior / Lot Features


Parking Spaces: 0

Parking Description: Shared Parking

Exterior: Stone

Roof: Other

Lot View:

Lot Dimensions: irregular

Farm Type:

Crop Type:

Zoning:

Additional Exterior/Lot Features: Road Frontage - City Street, County Road

Soil Type:

Tillable Acres:

Unit Information


Monthly Rent: 725

Total Baths: 1

Total Bedrooms: 1

Total Rooms: 5

Monthly Rent: 700

Total Baths: 1

Total Bedrooms:

Total Rooms: 5

Monthly Rent: 400

Total Baths:

Total Bedrooms:

Total Rooms: 2

Monthly Rent: 300

Total Baths:

Total Bedrooms:

Total Rooms: 3

Driving Directions


Across from All N All Gas Station right on the corner of Main Street and Lake Ave

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms: Cash,Conventional

Tenant Pays: Cable TV

Owner Pays: Electric,Fuel,Maint/Repair,Sewer,Snow,Trash,Water

Ownership Type:

Tax/Property ID:

Tax Amount: $2,002

Tax Year: 2019

HomeStead Description: Mixed Use

Sales History

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Tax Summary

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Schools nearby

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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