For Sale: Cottonwood MLS# 6595816
Active
$115,000
Commercial: Apartments/Retail
Built 1905
0.25 acres
Lakeview schools
MLS# 6595816
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Opportunity to own a large multi-use building on Main St., with 5 rental units upstairs. (2) 1 bedroom units and (3) 2 bedroom units. The main floor consists of 2 separate buildings, with 2500 sq. feet on the one side and 2000 sq. feet on the other side, with separate entrances. The main floor previously was a grocery store, along with the other side being rented out to a business. Roof was updated with spray foam with poly coating and 3 coats of paint and sealer. Full basements on both sides of buildings. This property is already income producing and there is potential for more with the addition of a main street business.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$115,000
Property Type:
Commercial
City:
Cottonwood
County:
Lyon
Year Built:
1905
State:
MN
Property Style:
Apartments/Retail
Zip Code:
56229
Subdivision Name:
Cottonwood
Interior
Appliances Included:
- Range
- Refrigerator
Basement Details:
Stone/Rock
Exterior
Stories:
Two
Other Parking Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
4,500 ft2
Foundation Dimensions:
25x80, 25x100
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
Parking Features:
On-Street Parking Only
Exterior Material:
- Brick/Stone
- Steel Siding
Roof Details:
- Flat
- Rubber
Lot & Land
Acres:
0.25
Geolocation:
44.609139, -95.674033
Inclusions:
Building
Lot Dimensions:
76 x 140
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Schools
School District:
2167
District Phone:
507-423-5164
Expenses
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,446
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,446
Income
Annual Gross Income:
$1,200
Units
Total Units:
5
Miscellaneous
Current Use:
Other
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Marshall Area Homes.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.