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Key Details
Sold Price $165,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Village/Fairmont
MLS Listing ID 5720037
Sold Date 04/01/21
Year Built 1945
Annual Tax Amount $2,580
Tax Year 2020
Contingent None
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 32x104
Property Description
Don't miss the opportunity to own an investment property downtown! This building produces $2350 of rental income per month. The main level is rented to a business on a 5 year lease and they are on year 2 of that lease. The furnace for the main level was replaced in 2017. The main level has a reception area, waiting area, 4 private offices along with a conference room along with a bathroom and kitchenette area. All utilities are paid by the renters with separate meters. There are 3 apartments on the upper level with a coin operated laundry area for the tenants to use. All apartments are one bedrooms. There is a street front entrance and an alley entrance for tenants to use. Tenants park in the city lot behind the building.
Location
State MN
County Martin
Zoning Business/Commercial,Other
Rooms
Basement Block, Full, Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Assigned, Paved
Utilities Available Electric Common, Heating Separate
Roof Type Flat,Rubber
Present Use Professional Service,Residential
Building
Story Two
Foundation 1800
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone
Schools
School District Fairmont Area Schools
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