For Sale: Princeton MLS# 6819095
Active
$238,000
Commercial: 2 Stories
Built 1893
0.09 acres
Princeton schools
MLS# 6819095
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Property Description
Rare cash-flowing investment opportunity in Uptown Princeton! This solid multi-use commercial building features two upper-level apartments and a fully operational main-level + lower-level retail/office space. Offering approx. 5, 850 sq ft, the building includes a private 6-8 stall parking lot - an uncommon find on Main Street. Interior highlights include 13 ft main-level ceilings with copper tin accents, original wood floors, handicap-accessible bathroom, glass entry doors, and a dry usable lower level with tall ceilings. Recent updates include a 2007 rubber roof (under warranty), separate electrical services (100 amp for apartments, 400 amp for commercial), AC systems, air handler, boiler heat, and supplemental eclectic baseboard. Strong visibility just off Hwy 169 with excellent pedestrian and vehicle traffic. Perfect for owner-occupants looking for retail/office space, or investors seeking stable multi-unit income. A well-maintained and versatile property in a prime location!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$238,000
Property Type:
Commercial
City:
Princeton
Garage Spaces:
0
County:
Mille Lacs
Year Built:
1893
State:
MN
Property Style:
2 Stories
Zip Code:
55371
Subdivision Name:
Princeton - Original Townsite
Interior
Ceiling Height:
11-15
Ranges:
Two
Refrigerators:
Two
Appliances Included:
- Dryer
- Electric Water Heater
- Microwave
- Range
- Refrigerator
- Washer
Basement Details:
- Block
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
6
Air Conditioning:
Window Unit(s)
Foundation Size:
1,950 ft2
Handicap Accessible:
Doors 36"+, Partially Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Boiler
- Hot Water
Parking Features:
- Open
- Other
- Paved
Unit Amenities:
- City View
- Hardwood Floors
- Walk-In Closet
- Washer/Dryer Hookup
Road Frontage:
- City Street
- County Road
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
- Block
- Brick/Stone
- Metal Siding
- Steel Siding
Roof Details:
- Age Over 8 Years
- Flat
- Rubber
Lot & Land
Acres:
0.09
Geolocation:
45.570223, -93.580597
Inclusions:
Building, Land, Leases
Lot Dimensions:
26 x 148
Zoning:
Business/Commercial
Schools
School District:
477
District Phone:
763-389-2422
Expenses
Tenant Expenses:
All Utilities, Percent Rent
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,260
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,260
Units
Total Units:
4
Miscellaneous
Current Use:
- Residential
- Retail
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
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.