For Sale: Cottonwood MLS# 6807196
Active
NEW!
$265,000
Commercial: Apartments/Retail
Built 1902
0.16 acres
Lakeview schools
MLS# 6807196
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Opportunity to own a large multi-use building on Main St, with 5 rental units upstairs. (2) 1 bedroom units and (3) 2 bedroom units. Main floor consists of 2 separate buildings, with 2500 sq. feet on the East side and 2000 sq. feet on the other side, both served by separate entrances. The main floor was previously used as a grocery store, along with the other side being rented out to a business. Roof was updated with spray foam and poly coating, along with 3 coats of paint and sealer for extra weather proofing. Equipped with full basements on both sides for utilities and space for extra storage. This property is already income producing with potential for more by adding a main street business.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$265,000
Property Type:
Commercial
City:
Cottonwood
Garage Spaces:
0
County:
Lyon
Year Built:
1902
State:
MN
Property Style:
Apartments/Retail
Zip Code:
56229
Subdivision Name:
Cottonwood
Interior
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
10
Air Conditioning:
Window Unit(s)
Foundation Size:
4,500 ft2
Foundation Dimensions:
25x80, 25x100
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
On-Street Parking Only
Exterior Material:
- Brick/Stone
- Steel Siding
Roof Details:
- Flat
- Rubber
Lot & Land
Acres:
0.16
Geolocation:
44.609139, -95.674033
Inclusions:
Building, Leases
Lot Dimensions:
50 x 135 x 50 x 135
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
2167
District Phone:
507-423-5164
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$1,274
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,274
Income
Annual Gross Income:
$3,575
Units
Total Units:
5
Miscellaneous
Current Use:
Other
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Hetland Realty, LLC.
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.