Pending
16 more
Presented By: Apartment Cash Flow, Inc.
OPPORTUNITY KNOCKS WITH THIS PREMIER DOWNTOWN STEWARTVILLE, MINNESOTA LOCATION!! HISTORIC 1896 BUILT MIXED-USE FEATURING TWO LARGE MAIN FLOOR RETAIL COMMERCIAL SPACES. ONE SIDE HAS BEEN RECENTLY LEASED FOR TWO YEARS TO A JEWELRY MAKER FOR $800/MONTH. THE OTHER RETAIL SPACE WAS AN ANTIQUE STORE AND CURRENTLY VACANT. IT WOULD BE PERFECT FOR AN OWNER USER. THE SECOND FLOOR OFFERS FIVE APARTMENTS WITH TWO CURRENTLY RENTED FOR $750 & $950 A MONTH. APARTMENT UNIT MIX IS THREE 2BD, 1BA, ONE 1BD, 1BA, AND ONE STUDIO, 1BA. COIN LAUNDRY IS OWNED (ONE WASHER & ONE DRYER). ALL BRICK EXTERIOR WITH STONE WINDOW SILLS AND LARGE WINDOWS. ALL UTILITIES ARE SEPARATELY METERED WITH ALL NEW ELECTRICAL WIRING AND SERVICE PANELS DONE IN LAST 20 YEARS. THE SALE INCLUDES AN EXTRA PARCEL IN THE REAR ALLEY THAT IS 28 FEET BY 95 FEET AND HAS ROOM FOR NINE OFF-STREET PARKING SPOTS. A NEW OWNER COULD BUILD GARAGES OR STORAGE UNITS ON THIS LOT. THIS PROPERTY NEEDS A LOT OF COSMETIC WORK AND IS THE PERFECT INVESTOR VALUE-ADD OPPORTUNITY!!!
Presented By: Apartment Cash Flow, Inc.
BasementFull
Basement (Y/N)Yes
Ceiling Height11-15
Foundation Dimensions40 x 95
FuelElectric, Natural Gas
Garage Dimensions
Garage Door Width
Garage Square Feet
AccessibilityNone
Additional Parcels Description543424029671
Additional Parcels Y/NYes
AppliancesRange, Refrigerator
CityStewartville
Construction MaterialsBrick/Stone
ContingencyNone
CoolingWindow Unit(s)
CountyOlmsted
Current UseResidential, Retail
DirectionsLocated on Main Street Stewartville, MN
Electric Expense1500
Fuel Expense
Garage Spaces
Gross Income30000
HeatingForced Air
High School DistrictStewartville
Insurance Expense2500
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income20000
NumberOfUnitsTotal7
Operating Expense10000
OwnerPaysAll Utilities
Possible UseOffice, Professional Service, Restaurant, Retail, Shop, Grocery, Investment, Industrial, Bar/Tavern, Medical, Motel/Hotel
PostalCityStewartville
Property SubtypeMixed Use
Property TypeCommercial Sale
RoofAge Over 8 Years, Flat
SewerCity Sewer/Connected
Standard StatusPending
Subdivision NameOriginal Stewartville
Tax Annual Amount5400
Tax Year2024
Tenant PaysCable TV
Trash Expense1000
UtilitiesElectric Separate, Heating Common, Hot Water Common
Water Sewer Expense2000
Year Built1896
Zoning DescriptionBusiness/Commercial, Residential-Multi-Family
Building Area Total7560
Foundation Area3780
InclusionsBuilding, Inventory, Land, Leases
Lot Dimensions50 x 100
Lot Size Area0.11
Parking FeaturesAsphalt, Paved
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
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