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Active NEW!
$345,000
/mo Edit
Commercial:  Apartments/Retail
Built 1925
0.05 acres
Frazee-Vergas schools
MLS# 6734484
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    Property Description

    Here is an opportunity to own your building for your new business with supplemental rental income from 5 apartments in downtown Frazee. Close to everything with parking available. Main floor offers 1200 plus sf and is suitable for office space, retail or service industry.

    Listing

    Contingency: None
    City: Frazee
    County: Becker
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 56544
    Subdivision Name: Frazee City

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 6
    Foundation Size: 2,464 ft2
    Foundation Dimensions: 60x50
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • On-Street Parking Only
    • Parking Lot
    Exterior Material: Brick Veneer

    Lot & Land

    Acres: 0.05
    Geolocation: 46.728278, -95.700558
    Inclusions: Building, Leases
    Lot Dimensions: 60 x 50
    Addl Parcels: 500401000
    Zoning: Business/Commercial

    Schools

    School District: 23
    District Phone: 218-334-3181

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $5,300
    Annual Fuel Expense: $1,350
    Annual Insurance Expense: $2,800
    Annual Maintenance Expense: $750
    Annual Trash Expense: $1,500
    Annual Water/Sewer Expense: $3,840
    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $1,786
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,027

    Units

    Total Units: 6

    Miscellaneous

    Current Use:
    • Beauty/Barber Shop
    • Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Counselor Realty Detroit Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.