Pending: Owatonna MLS# 6658425
Pending
$388,900
Commercial: 2 Stories
5 br • 3 ba • Built 1914
0.124 acres
MLS# 6658425
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Property Description
OPPORTUNITY IS KNOCKING! If you have an entrepreneurial spirit, and a desire to be a part of a blossoming downtown historic district, this could be your chance. This well-maintained building has over 6200 finished square feet, with a retail business currently operating on the 4, 000+ sq ft main floor that also includes a convenient kitchenette. The original high ceilings could be exposed to create a nice open feel on this level, and the large area could be divided to accommodate a variety of retail or office needs. The residential rental spaces include two large 2 bedroom apartments and one studio apartment - these are presently occupied, generating rental income toward positive cash flow. The property also offers a garage, a carport and off-street parking for use by the tenants of the building. Schedule your private showing today and bring your visions to life.
Listing
Listing Status:
Pending
Contingency:
None
List Price:
$388,900
Property Type:
Commercial
City:
Owatonna
Garage Spaces:
1
County:
Steele
Year Built:
1914
State:
MN
Property Style:
2 Stories
Zip Code:
55060
Subdivision Name:
Original Town
Interior
Bedrooms:
5
Bathrooms:
3
Flooring:
Carpet, Tile, Vinyl
Refrigerators:
Four
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
1
Garage Size:
240 ft2
Air Conditioning:
Central Air
Foundation Size:
4,052 ft2
Handicap Accessible:
Grab Bars In Bathroom, Roll Under Accessibility
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Carport
- Detached Garage
- Other
Road Frontage:
City Street
Roof Details:
Rubber
Lot & Land
Acres:
0.124
Geolocation:
44.087276, -93.225628
Inclusions:
Building
Lot Dimensions:
50 x 110
Zoning:
Business/Commercial
Schools
School District:
2258
District Phone:
5074448610
Expenses
Tenant Expenses:
Electricity, Gas, Snow Removal
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,982
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,982
Units
Total Units:
3
Miscellaneous
Current Use:
- Residential
- Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Power Company Name:
Other
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Venture.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.