Property Listing
Description
Downtown Milaca Gem – Live, Work & Invest All in One! Welcome to 115 1st Street W, a rare opportunity in the very heart of Milaca’s thriving downtown. This 3,200 sq. ft. mixed-use property combines prime visibility with built-in income — the perfect setup for entrepreneurs and investors alike. The Commercial Space: The main level is wide open and ready for your vision. Flooded with natural light from two large street-facing windows, it’s the perfect blank canvas for your storefront, office, boutique, or studio. Maximum exposure, endless potential. The Residences: A spacious 3-bedroom, 1-bath apartment upstairs, perfect for steady rental income or even owner occupancy. A convenient efficiency apartment on the lower level, also income-producing. Both units are currently occupied with month-to-month tenants, giving you instant cash flow and the flexibility to adjust as you wish. Key Highlights: New A/C unit installed in 2024, vibrant downtown location with excellent foot traffic, live where you work, or let your tenants cover your mortgage and multiple income streams make this property one smart investment! This is more than just real estate — it’s a built-in business plan waiting for the right buyer. With the commercial space ready for your vision and tenants already in place, opportunities like this don’t come around often. Don’t miss your chance to own a piece of downtown Milaca.
Property Information
Status: Active
Sub Type: ********
List Price: $215,000
MLS#: 6794123
Current Price: $215,000
Address: 115 1st Street W, Milaca, MN 56353
City: Milaca
State: MN
Postal Code: 56353
Geo Lat: 45.754875
Geo Lon: -93.651813
Subdivision: First Add To Milaca
County: Mille Lacs
Property Description
Year Built: 1909
Lot Size SqFt: 1742.4
Gen Tax: 1612
Specials Inst: 15
High School: ********
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Style: ********
Total Bedrooms: 4
Total Bathrooms: 2
Total Full Baths: ********
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Garage Stalls: 0
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