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Active
$269,900
/mo Edit
Commercial:  Mixed Use,Business,Retail
Built 1895
0.09 acres
Princeton schools
MLS# 6511543
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    Property Description

    $33, 900 yearly gross income producing property with 2 apartments on the upper level and a fully operational retail space on the main & basement (Antique store since 1991). New roof in 2007 that is warrantied for 20 years. Separate electrical: 100 AMPS to apartments and 400 AMPS to retail. Let this be your next cash flowing investment!

    Listing

    Contingency: None
    City: Princeton
    County: Mille Lacs
    State: MN
    Property Style: Mixed Use, Business, Retail
    Zip Code: 55371
    Subdivision Name: Princeton - Original Townsite

    Interior

    Ceiling Height: 11-15
    Ranges: Two
    Refrigerators: Two
    Appliances Included:
    • Dryer
    • Microwave
    • Range
    • Refrigerator
    • Washer
    Basement Details:
    • Block
    • Finished
    • Full

    Exterior

    Stories: Two
    Other Parking Spaces: 0
    Air Conditioning: Wall Unit(s), Window Unit(s)
    Foundation Size: 1,950 ft2
    Handicap Accessible: Doors 36"+
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    • Hot Water
    Parking Features:
    • Off Site
    • Open
    • Other
    Road Frontage: County Road
    Exterior Material:
    • Block
    • Brick/Stone
    • Metal Siding
    • Steel Siding
    Roof Details:
    • Age Over 8 Years
    • Flat
    • Rubber

    Lot & Land

    Acres: 0.09
    Geolocation: 45.570222, -93.580595
    Inclusions: Building, Leases
    Lot Dimensions: 26 x 148
    Zoning: Business/Commercial

    Schools

    School District: 477
    District Phone: 763-389-2422

    Expenses

    Tenant Expenses: All Utilities, Percent Rent

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $2,308
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,308

    Units

    Total Units: 3

    Miscellaneous

    Current Use:
    • Residential
    • Retail
    Fuel System:
    • Electric
    • Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.