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PRICE REDUCED! Retail w/ Apartments

Listed by Tim Miller


Property Description: PRICE REDUCED TO $149,900 FROM $164,999! Affordable investment opportunity in the heart of Downtown Little Falls. Purchase this large, retail building as an owner/user or an investor. The upper level has two apartments, adding additional income for an investor/owner. The user of the building can enjoy easy access, great visibility and high traffic counts while also being conveniently located within walking distance of the other downtown businesses, restaurants, parks, the Little Falls Dam and more - making it an ideal location for the upstairs renters as well.

Listing Details

mls: 4954874
CC File #: 1489
Address: 108 1st Street SE
City: Little Falls
State: MN
Zip: 56345
Zoning: B-2 Commercial
PID#: 48-0013-000
Legal Description: S 40 ft of N 60 ft of Lot 7, Block 6, Original Plat Little Falls
Lot Size : Acres: 0.14
Lot Size : Sq.Ft.: 6,000
Lot Dimensions: 40' x 150'
Building Size : Total Sq. Ft.: 14,510
Building Size : Main Level Sq. Ft.: 6,492
Building Size : Upper Level Sq. Ft.: 2,246
Building Size : Lower Level Sq. Ft.: 5,772
Sale Price: $149,900.00
Original Price: $164,999.00
Price Note: PRICE REDUCED TO $149,900 FROM $164,999!

Directions: From the intersection of Hwy 27 and Hwy 10 - West on Hwy 27/Broadway Street - South on 1st Street SE - Property is 4th building on the west
Property Features & Assets: Entire Bldg: 14,510 SF. Main Level: 5,772 SF (Retail Space). Main Level/Up: 480 SF (Utility, Storage, Sink). Main Level/Down: 240 SF (Laundry). Lower Level: 5,772 SF (Basement Storage, Mechanical). Upper Level: 2,246 SF (2 Apartments). Apartments: Apt 1 - 631 SF; Apt 2 - 1,085 SF; Shared Area - 530 SF.

Property Features

Water: City
Sewer: City
Heating: Natural Gas Forced Air
Cooling: Wall Units in Apartments
Electric : Amps: 100
Electric : Phase: Single
Lighting: Fluorescent
Year Built: 1915
Construction: Concrete Block
Foundation: Block & Stone
Roof: Flat - Rubber Membrane (New in 2011)
Exterior: Brick
Traffic Counts: 9,000 on 1st St SE and 11,300 - 13,000 on Broadway St/Hwy 27
Other: Apartments: 1 (2 Bdrm) ; 1 (1 Bdrm)
Property Tax Year: 2018
Annual Property Tax: $3,784.00
Ceiling Height: Retail: 11'; Storage & Apts: 8'
Floor Drains: 3 (Main Level); 3 (Apartments)
Bathrooms: 1 (Main Level); 2 (Apartments)
High-Speed Internet: Yes
Parking Spaces: On-Street Parking
Road Frontage: 40' on 1st Street SE
Neighboring Businesses: Businesses nearby include the Rustic Saloon, Shoppes of Little Falls, Christina Johnson Photography, Gamello/Qualley/Pearson/Mallak, The Black & White Cafe, Red Bull Bar & Grill, Good Book, Great River Arts, Luberts Auto Parts, Luxe, The Falls Theater, Bon Jos, Melgram Jewelers, Contegrity Group, US Bank, Antiques, Hello Gorgeous, Whiskey River, Paps Sport Shop, 1st Ave Dental plus numerous others.
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Information provided by members of Greater Lakes Association of Realtors. Copyright 2009 Greater Lakes Multiple Listings Service. All rights reserved. Information is deemed reliable but not guaranteed.