129 S Broadway Street, Spring Valley, MN 55975 (MLS# 6686441)

129 S Broadway Street, Spring Valley, MN 55975

$49,900
Property Type: Commercial Bedrooms: 2 Baths: 3 Square Footage: 4,800 Lot Size (sq. ft.): 2,178 Status: Active
Current Price: $49,900 List Date: 7/01/2026 Last Modified: 7/01/2026

Overview

Description

Great downtown investment opportunity. 1,800 sq. ft. commercial space with two 1 bedroom apartments on the second floor. Delivery door on back of main level. Two new furnaces in each apartment as of 1/15/2025.

Listing Details MLS# 6686441

General Property Information

Lot Measurement
Square Feet
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1890
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Lot Size SqFt
2178
Foundation Size
1800
Power Company
Minnesota Power
For Sale or Lease
For Sale
Lot Dimensions
90X22
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Window Unit(s) Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Drainage System; Full; Stone; Sump Pump; Unfinished CMU Style: Apartments and Retail Commercial Kitchen Appliances: Walk-In Cooler/Freezer Construction Materials: Brick; Concrete; Stone Construction Status: Previously Owned Current Use: Vacant Exterior: Brick/Stone; Metal; Stucco Fencing: None Flooring: Luxury Vinyl Plank; Tile Foundation: Stone Fuel: Natural Gas Heating: Forced Air; Other Internet Options: Cable; Satellite Loan Terms: Cash; Conventional Location Description: Downtown Lock Box Type: Supra Miscellaneous Information: Alley; Building Sign; Delivery Door On Site Utilities: Electric Common; Heating Common; Hot Water Common Owner Pays: Electricity; Fuel; Gas; Heat; Insurance; Maintenance/Repair; Sewer; Snow Removal; Trash Collection; Water Parking Characteristics: Paved Lot Pool Description: None Potential Use: Income; Office; Other; Retail; Warehouse Rent Rate per Foot: Other Road Frontage: City Street; Curbs; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Metal; Pitched Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV Topography: Flood Plain; Level Wall Description: Other/See Remarks Water: City Water/Connected Window Features: Aluminum Frames

Contract Information

Contingency
None
ListPrice
49900
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
129
Street Direction Prefix
S
Street Name
Broadway
Street Suffix
Street
Postal City
Spring Valley
County
Fillmore
State
MN
Zip Code
55975
Complex/Dev/Subdivision
Spring Valley Original

Assessments

Tax With Assessments
878

Basement

Foundation Dimensions
20x90

More Information

Building Information

Building Finished SqFt
2780
Building SqFt
4800
Ceiling Height
Less Than 8 Feet

Income and Expenses

Annual Caretaker Expense
300
Annual Electric Expense
1200
Annual Fuel Expense
1800
Annual Gross Expenses
10558
Annual Gross Income
22800
Annual Insurance Expense
2808
Annual Maintenance Expense
3000
Annual Net Income
12242
Annual Trash Expense
1200
Annual Water/Sewer Expense
1200
Total Annual Expenses
10558

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
SEMR

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building

Unit 1

Unit Number
1 - Front
Monthly Rent
675
Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
Yes
Total Rooms
3
Level
2nd Level
Unit Total SqFt
550
Leased?
Yes
Lease Expiration Date
2025-04-01
No. of 1 Bedroom Units
2

Unit 2

Lease Expiration Date
2025-04-01
Leased?
Yes
Level
2nd Level
Monthly Rent
450
Three-Quarter Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
Yes
Total Rooms
3
Unit Number
2 - rear
Unit Total SqFt
500

Unit 3

Half Baths
Yes
Leased?
No
Monthly Rent
800
Total Bathrooms
Yes
Total Rooms
3
Unit Number
Commercia
Unit Total SqFt
1800

Unit Details

Total Units
3
IDX
Listing Office: Coldwell Banker River Valley,
Last Updated: July - 01 - 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.