For Sale: Buffalo MLS# 6805394
Active
$1,300,000
Commercial: 2 Stories
Built 1888
0.12 acres
Buffalo-Hanover-Montrose schools
MLS# 6805394
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Property Description
Highlights:
-Best location in downtown Buffalo with scenic lake views!
-Ample off-street, city-maintained parking (44 off-street municipal stalls). Minimal snow removal
responsibilities (only sidewalk behind building).
-Beautiful brick exterior, high ceilings, and great windows!
-Tenants and income in place!
-4 out of 6 units are currently occupied, and seller willing to lease back one of the vacant units for up
to a year.
-Opportunity for owner-user or an investor
-Easy access to other downtown retail, coffee shops, and restaurants
-HVAC: 2 furnaces (1) replaced in 2025, other replaced in 2004. 2 rooftop A/C units both installed in 2004
-Building renovated in 2004
-Each unit is separately metered for gas and electric
-Tenants reimburse landlord for utilities, and most tenants reimburse landlord for their pro rata share
of property taxes
-B-5 Central Business District Zoning allows for most office and retail uses
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,300,000
Property Type:
Commercial
City:
Buffalo
Garage Spaces:
0
County:
Wright
Year Built:
1888
State:
MN
Property Style:
2 Stories
Zip Code:
55313
Subdivision Name:
Original Buffalo
Interior
Ceiling Height:
8-10
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
44
Air Conditioning:
Central Air
Foundation Size:
5,220 ft2
Handicap Accessible:
Doors 36"+, Grab Bars In Bathroom, Hallways 42"+
Heating System:
Forced Air
Parking Features:
Parking Lot
Unit Amenities:
- Balcony
- Panoramic View
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Flat
- Rubber
Lake & Waterfront
Waterfront Present:
N
Waterfront Name:
Buffalo
Waterfront View:
Lake
DNR Lake ID#:
86009000
Lake Chain Name:
N
Lake Acres:
1551
Lake Depth:
33
Waterfront:
Lake View
Lot & Land
Acres:
0.12
Geolocation:
45.171876, -93.87599
Inclusions:
Building, Land
Lot Dimensions:
60 x 90
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Farm
Topography:
Walkout
Schools
School District:
877
District Phone:
763-682-8707
Expenses
Annual Gross Expense:
$63,951
Tenant Expenses:
Fuel, Gas, Taxes, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$28,038
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$28,038
Income
Annual Gross Income:
$171,282
Rent
Annual Net Income:
$107,331
Units
Total Units:
6
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
- Professional/Office
- Retail
Fuel System:
Natural Gas
Owner Occupied:
Yes
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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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 Keller Williams Premier Realty Lake Minnetonka.
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.