107 State Street NW, Evansville, MN 56326 (MLS# 7134284)

107 State Street NW, Evansville, MN 56326

$165,000
Property Type: Commercial Bedrooms: 1 Baths: 2 Square Footage: 2,000 Lot Size (sq. ft.): 4,792 Status: Active
Current Price: $165,000 List Date: 8/27/2026 Last Modified: 8/27/2026

Overview

Description

Discover a unique investment opportunity in the heart of Evansville! Formerly the local bottle shop, this property has been thoughtfully converted into a one-bedroom, two-bath apartment plus five individual storage units. With every unit currently rented, the property offers immediate income and a diversified rental stream from one convenient location. The apartment features approximately 800 square feet and modern finishes.

Listing Details MLS# 7134284

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
2004
Yearly/Seasonal
Yearly
Zoning
Industrial
Foundation Size
2000
Garage Stalls
6
For Sale or Lease
For Sale
Acres
0.11
Lot Dimensions
50x125
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Ductless Appliances: Dryer; Range; Refrigerator; Washer Basement: None CMU Style: Mixed Use Construction Status: Previously Owned Current Use: Residential; Storage Facility Existing Financing: Cash Exterior: Steel Siding Foundation: Concrete Perimeter Fuel: Natural Gas Heating: In-Floor Heating Lock Box Type: None On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Gravel Lot Rental License Type: Standard Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
165000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
107
Street Name
State
Street Suffix
Street
Street Direction Suffix
NW
Postal City
Evansville
County
Douglas
State
MN
Zip Code
56326
Complex/Dev/Subdivision
Original Evansville

Assessments

Tax With Assessments
2452

Basement

Foundation Dimensions
20x100

More Information

Building Information

Building Finished SqFt
800
Building SqFt
2000

Income and Expenses

Annual Gross Expenses
6863.45
Annual Gross Income
23421.57
Annual Net Income
16558.09

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
OTHER

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
20x60
Garage Square Feet
1200

Public Survey Info

Range#
40
Section#
3
Township#
129

Sale Options

Sale Includes
Building, Business, Land

Unit 1

Unit Number
Yes
Monthly Rent
750
Full Baths
Yes
Three-Quarter Baths
Yes
Total Bathrooms
2
Total Bedrooms
Yes
Total Rooms
5
Unit Total SqFt
800
Leased?
Yes
Lease Expiration Date
2027-08-01
No. of 1 Bedroom Units
Yes

Unit Details

Total Units
Yes

Documents

IDX
Listing Office: eXp Realty
Last Updated: August - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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