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Property Details

211 Main Street N
Stewartville, MN 55976

Price: $229,000

Listing # 6620300


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OPPORTUNITY KNOCKS WITH THIS PREMIER DOWNTOWN STEWARTVILLE, MINNESOTA LOCATION!! HISTORIC 1896 BUILT MIXED-USE FEATURING TWO LARGE MAIN FLOOR RETAIL COMMERCIAL SPACES. ONE SIDE HAS BEEN RECENTLY LEASED FOR TWO YEARS TO A JEWELRY MAKER FOR $800/MONTH. THE OTHER RETAIL SPACE WAS AN ANTIQUE STORE AND CURRENTLY VACANT. IT WOULD BE PERFECT FOR AN OWNER USER. THE SECOND FLOOR OFFERS FIVE APARTMENTS WITH TWO CURRENTLY RENTED FOR $750 & $950 A MONTH. APARTMENT UNIT MIX IS THREE 2BD, 1BA, ONE 1BD, 1BA, AND ONE STUDIO, 1BA. COIN LAUNDRY IS OWNED (ONE WASHER & ONE DRYER). ALL BRICK EXTERIOR WITH STONE WINDOW SILLS AND LARGE WINDOWS. ALL UTILITIES ARE SEPARATELY METERED WITH ALL NEW ELECTRICAL WIRING AND SERVICE PANELS DONE IN LAST 20 YEARS. THE SALE INCLUDES AN EXTRA PARCEL IN THE REAR ALLEY THAT IS 28 FEET BY 95 FEET AND HAS ROOM FOR NINE OFF-STREET PARKING SPOTS. A NEW OWNER COULD BUILD GARAGES OR STORAGE UNITS ON THIS LOT. THIS PROPERTY NEEDS A LOT OF COSMETIC WORK AND IS THE PERFECT INVESTOR VALUE-ADD OPPORTUNITY!!!

Basic Features:

Style Mixed Use
Type Commercial Sale
Zoning Business/Commercial,Residential-Multi-Family
Year Built 1896
School District Stewartville
County Olmsted
Lot Size 50 x 100
Acreage 0.11 acres
Number of Units 7
Tax $ / Year $5,400 / 2024
Tax ID
Legal Description

Includes:

Range,Refrigerator,Building,Inventory,Land,Leases

Additional Features
Government Programs
Section 34
Terrain Type
Roads City Street
Basement Full
Cooling Window Unit(s)
Driveway
Exterior Features Brick/Stone
Foundation 3780.00
Fuel Source Electric,Natural Gas
Handicap Access None
Heating Forced Air
Roof Age Over 8 Years,Flat
Sewer Service City Sewer/Connected
Water Service City Water/Connected
Water Heater
Parking Lot Asphalt,Paved
Exterior Construction
Utilities Electric Separate,Heating Common,Hot Water Common
Laundry N

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