Property Listing
Description
Right off I-35 in Pine City, this mixed-use building is already generating income and still has room to run. At $299,000 with a fully occupied gross monthly income of $5,300, the math works. The main level offers a professionally finished commercial suite with a lobby, three private offices, and a large gathering room that flexes well for meetings, classes, training, or events. One commercial tenant is already in place, with remaining office and gathering space ready for a new occupant. Office suites lease at $600/month and the gathering room at $1,800/month. The lower level includes a clean, updated one-bedroom apartment currently vacant and ready to rent at approximately $1,100/month, plus an unfinished area with real potential: convert it to a second apartment and add another income stream, or finish it as additional commercial space. Two private garages complete the picture, one currently rented at $300/month, one available. The lot parks 12 cars, and the location is walkable to nearby businesses and amenities, which matters for any commercial tenant bringing clients or staff through the door daily. This works for the business owner who wants a professional home base and wants the building to help pay for itself, and it works equally well for the cash flow investor ready to lease the full commercial level and let the numbers do the work. The layout supports both strategies and the upside on that unfinished lower level is real. The seller is open to creative financing and willing to carry a portion, which makes an already accessible price point even more flexible. Well maintained, updated throughout, and priced to move.
Property Information
Status: Active
Sub Type: ********
List Price: $299,000
MLS#: 7096034
Current Price: $299,000
Address: 875 7th Street SW, Pine City, MN 55063
City: Pine City
State: MN
Postal Code: 55063
Geo Lat: 45.819318
Geo Lon: -92.972201
Subdivision: Aud Sub
County: Pine
Property Description
Year Built: 1971
Lot Size SqFt: 13939.2
Gen Tax: 5390
Specials Inst: 0
High School: Pine City
Square Ft. Source:
Above Grade Finished Area: 1800
Below Grade Finished Area: 1200
Below Grade Unfinished Area:
Total SqFt.: 3400
Style: Array
Total Bedrooms: 1
Total Bathrooms: 3
Total Full Baths:
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
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Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
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