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Active
$549,900
/mo Edit
Commercial:  Apartments/Retail
Built 1948
0.15 acres
Richfield schools
MLS# 6506613
My rating:
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    Property Description

    Well-maintained mixed-use building in the highly sought-after Richfield area with quick and easy access to highways 77, I-35W, & I-494. This must-see property features 2 commercial/retail spaces and 1 single-family rental, 3 units total. New rubber roof in 2018. New A/C in 2023. A new water heater in 2018. Recent updates include fresh paint, new vinyl flooring, & newer water heaters. Modern, eye-catching business sign that's highly visible from the main street. This downtown Richfield location on E 66th Street has over 12, 000 cars driving by daily, with a bus stop & bike path a few steps away.

    Listing

    Contingency: None
    City: Richfield
    County: Hennepin
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 55423
    Subdivision Name: Rich Highlands

    Interior

    Ranges: One
    Refrigerators: One
    Appliances Included:
    • Dryer
    • Range
    • Refrigerator
    • Washer
    Basement Details:
    • Block
    • Full
    • Unfinished

    Exterior

    Stories: One
    Garage Spaces: 1
    Garage Size: 286 ft2
    Other Parking Spaces: 8
    Air Conditioning: Wall Unit(s), Window Unit(s)
    Foundation Size: 2,000 ft2
    Handicap Accessible: Partially Wheelchair
    Heating System: Forced Air
    Parking Features:
    • Concrete
    • Floor Drain
    • Paved
    • Tuckunder Garage
    Unit Amenities: Deck
    Road Frontage: City Street
    Exterior Material: Block
    Roof Details:
    • Age 8 Years or Less
    • Rubber

    Lot & Land

    Acres: 0.15
    Geolocation: 44.88377, -93.256285
    Inclusions: Building, Leases
    Lot Dimensions: 50 x 131
    Zoning: Business/Commercial
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Schools

    School District: 280
    District Phone: 612-798-6010

    Expenses

    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $7,943
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,943

    Units

    Total Units: 3

    Miscellaneous

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

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.