101 Main AVE S Active

Red Lake Falls,MN 56750

$ 550000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Rlf-C&D Add

MLS Listing ID 6680842

Year Built 1910

Annual Tax Amount $3,928

Tax Year 2024

Contingent None

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 60 ft x 130 ft

Property Description

This is a great building and is ready to have the last four units finished off! Excellent tenants, great location, solid building and room to add a community center downstairs and keep expanding the patio area out back or upgrade the garages and bring another revenue stream in that way! We have a waiting list and new tenants looking all the time, you just need to finish what we started. The renovated units all have new windows, appliances, floors and bathrooms. We have low turnover (except 2 are mid term furnished rentals and stay consistently booked.) This is one you don't want to miss out on. We will keep working on the last units and update the price once they are finished and rented.

Location

State MN

County Red Lake

Zoning Business/Commercial

Rooms

Family Room Community Room

Basement Daylight/Lookout Windows,Full,Owner Access,Partially Finished,Storage Space

Interior

Heating Baseboard,Boiler

Cooling Wall Unit(s),Window Unit(s)

Inclusions Building,Business Assets,Business,Fixture/Equipment

Fireplace No

Appliance Cooktop,Electric Water Heater,ENERGY STAR Qualified Appliances,Freezer,Microwave,Range,Refrigerator

Exterior

Parking Features On-Street Parking Only

Garage Spaces 2.0

Utilities Available Electric Common,Heating Common,Hot Water Common

Roof Type Age Over 8 Years,Flat,Rubber

Present Use Commercial

Building

Lot Description Corner Lot,Property Adjoins Public Land

Story Three Or More

Foundation 2400

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Brick/Stone

Schools

School District Red Lake Falls

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