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MLS# 5264566
Built 1916
0.478 acres
Princeton schools
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    Description:   Great investment opportunity. This fully leased mixed-use building, in downtown Princeton, has five commercial units and one 2-bedroom apartment with stable, long-term tenants. The building has 7, 180sf of commercial space on the main level, which is spread between four office spaces and a shop with a large overhead door; the 960sf 2-bedroom apartment takes up the second floor overlooking Rum River Dr.; and the basement unfinished and consists of 1, 200sf. The building has amazing tenant longevity with the average occupancy of the current tenants being almost 7 years, with years more still expected.
    List Price: $317,777
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1916
    City: Princeton
    County: Mille Lacs
    State: MN
    Zip Code: 55371


    Building Fin Sq Ft: 8,140 ft²
    Basement Details: Partial


    Heating System: Forced Air
    Foundation Size: 7,180 ft²
    Unit Amenities: Porch
    Handicap Accessible: None
    Exterior Material: Stucco, Metal
    Garage Spaces: 2
    Other Parking Spaces: 30
    Roof Details: Pitched, Flat


    Acres: 0.478
    Latitude: 45.57201200
    Longitude: -93.58057700
    Lot Size Dim.: 140 x 148 x 140 x 148
    Dev/Complex Name: Princeton - Original Townsite
    Zoning: Business/Commercial


    School District: 477 - Princeton
    District Phone: 763-389-2422

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $8,166
    Assessment Pending: No
    Taxes w/ Assessments: $8,170


    Total Rooms in Unit 2: 1
    Total Units: 6


    Current Use: Business Service, Office, Other
    Fuel System: Natural Gas
    Miscellaneous: Overhead Doors
    Owner Occupied: N
    Sale Includes: Building, Land
    Sewer System: City Sewer/Connected, City Sewer - In Street
    Utilities: Heating Common, Electric Common, Hot Water Common
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Jason Roaldson
    Premier Loan Officer
    CrossCountry Mortgage NMLS#308253
    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.

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    Listing provided by RMLS, courtesy of ROCK SOLID Companies