$450,000
Frazee, MN 56544
MLS# 6269867
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Property Description
Great Commercial Investment Opportunity! Over 8,000 SF of commercial space built in 1996 in downtown Frazee, MN! There are currently 2 businesses up and running in this building, and 1 more opening soon, along with 2,000 SF unfinished and available for a 4th business to get creative with! You can't build a building like this today for anywhere near the asking price. Energy efficient and durable with little to no maintenance. Brand new natural gas / forced air furnace. Partial seller financing available.
Details
Maps
None
Allow Auto Valuation: Yes
Allow Consumer Comment: No
MLSID: RMLS
Contract Information
Status: Active
Current Price: $450,000
Original List Price: 450000
Contingency: Inspection
ListPrice: 450000
List Date: 2022-10-10
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: LCAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1996
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 8280
Power Company: Ottertail Power
For Sale or Lease: For Sale
Acres: 0.25
Lot Dimensions: 140x77
Assessment Pending: No
Location, Tax and Other Information
Legal Description: O T OF FRAZEE BLOCK 016 EAST 2' OF LOT 17; LOTS 18, 19 & 20
Map Page: 999
Municipality: Frazee
Rental License?: No
School District Phone: 218-334-3181
Map Coordinate Source: King's Street Atlas
House Number: 106
Street Name: Main
Street Suffix: Avenue
Street Direction Suffix: W
Postal City: Frazee
County: Becker
State: MN
Zip Code: 56544
Zip Plus 4: 7157
Property ID Number: 500398000
Complex/Dev/Subdivision: Frazee
Tax Year: 2022
Tax Amount: 2248
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Tax With Assessments: 2248
Directions & Remarks
Public Remarks: Great Commercial Investment Opportunity! Over 8,000 SF of commercial space built in 1996 in downtown Frazee, MN! There are currently 2 businesses up and running in this building, and 1 more opening soon, along with 2,000 SF unfinished and available for a 4th business to get creative with! You can't build a building like this today for anywhere near the asking price. Energy efficient and durable with little to no maintenance. Brand new natural gas / forced air furnace. Partial seller financing available.
Directions: Main St, Frazee
Basement
Foundation Dimensions: 138x60
Building Information
Building Finished SqFt: 6280
Building SqFt: 8280
Ceiling Height: 8-10
Fractional Ownership: No
Income and Expenses
Annual Electric Expense: 1440
Annual Fuel Expense: 1410
Annual Gross Expenses: 5571
Annual Gross Income: 42000
Annual Insurance Expense: 1021
Annual Net Income: 36429
Annual Repair Expense: 500
Annual Water/Sewer Expense: 1200
Total Annual Expenses: 5571
Lease Details
Land Leased: No
Lock Box Type
Lock Box Source: LCAR
Miscellaneous Information
FIPS Code: 27005
Homestead Desc: Other
Structure Information
Sale Includes: Building,Land
Unit Details
Total Units: 4
Property Features
Accessible: No Stairs External; No Stairs Internal
Air Conditioning: Central
Amenities Shared: Fire Sprinkler System; Other
Amenities Unit: Kitchen Window
Assumable Loan: Not Assumable
Basement: Slab
Construction Status: Previously Owned
Current Use: Business Service; Commercial; Food Service; Other; Professional Service; Recreational
Exterior: Block; Brick/Stone; Steel Siding
Fencing: None
Floor Description: Carpet; Concrete Slab; Heavy Duty; Tile
Fuel: Natural Gas
Heating: Forced Air
Internet Options: DSL
Loan Terms: Cash; Conventional
Location Description: Downtown
Lock Box Type: None
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owners Expense: Electricity; Fuel; Insurance; Taxes
Parking Characteristics: On-Street Parking Only; Other
Rent Rate per Foot: Per Foot
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Street Lights
Road Responsibility: Public Maintained Road
Roof: Metal; Pitched
Sewer: City Sewer/Connected
Shared Rooms: Other
Stories: One
Tenant Expenses: Janitorial Service; Maintenance/Repair; Trash Collection
Wall Description: Drywall; Finished
Water: City Water/Connected
Listing Office: The Real Estate Company of Detroit Lakes
Last Updated: April - 29 - 2023
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