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108 E Main Avenue , Frazee, MN 56544

New - 23 Hours Ago

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Listed By

Agency Name: Counselor Realty Detroit Lakes
Agency Phone: 218-844-5557

Shown By

Agent Name: Matt Selnes
Agent Phone: (507) 884-9206
Agency Title: Counselor Realty

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Property Description

Mixed-Use Investment Property ? Main Ave, FrazeeOutstanding investment opportunity in the heart of Frazee! This well-maintained mixed-use building offers a diversified income stream with both residential and commercial tenants in place. The property includes a one-bedroom apartment and a two-bedroom apartment, both currently leased, along with a commercial space currently occupied by a restaurant tenant. A fourth unit ? unfinished and ready to be built out as additional office or apartment space ? offers exciting upside potential for a buyer looking to add value.Situated on Main Ave with excellent road frontage and convenient side street parking, this property benefits from strong visibility and accessibility. Numerous updates have been completed throughout, including improvements to the commercial space and both residential apartments. Two unfinished basement areas provide ample utility and storage space. Sold with two parcels included, and no special assessments ? a clean, turnkey opportunity for investors seeking immediate cash flow with room to grow.Don't miss this rare chance to own a versatile, income-producing property in a prime downtown location!

108 E Main Avenue | MLS# 7131834

This commercial property located at 108 E Main Avenue , Frazee, MN 56544 is currently listed for sale with an asking price of $310,000. E Main Avenue is located within the Frazee-Vergas school district. Search Frazee real estate on mselnes.counselorrealtyofrochester.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Cooling: Wall Unit(s)
Fuel Type: Electric, Natural Gas
Heating: Baseboard, Boiler, Hot Water, Radiant
Lot Size: 0.41 Acres
Stories: 1.0
Taxes: $2,847
Year Built: 1944

Feature Descriptions

Basement: Block, Partial, Storage Space, Unfinished
Current Use: Commercial, Residential, Restaurant
Exterior: Frame
Foundation Size: 3482
Lot Dimensions: .41 acres
Parcel#: 500045000
Parking: Gravel, Parking Lot, Units Vary
Road Frontage: City Street
Sale Includes: Building, Land, Leases
Sewer: City Sewer/Connected
Units: 4
Utilities: Electric Separate
Water: City Water/Connected

Local Schools

School District: Frazee-Vergas

Near By

Demographics

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