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Pending
$427,000
/mo Edit
Commercial:  2 Stories
Built 1900
0.15 acres
New Prague Area schools
MLS# 6509183
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    Property Description

    The ONLY downtown main street commercial property with a grass lot and fruit tree, perfect for an outdoor garden party for the community or inn guests. This historic building is filled with charm and character. The successful airbnb upstairs is the former telephone exchange for the city of New Prague and the decor details this rich history. The inn has two suites and a shared common space. The names of the suites are named after the original owners, Alex and Felix. It was carefully designed with style and comfort in mind. The original owners Alex and Felix ran the main floor as a barbershop in New Prague. It is now an established custom bakeshop that serves the community with stunning gourmet handmade baked goods. Sugar Rose Bakeshop has a long-term lease in place that WILL transfer over to the new owner of the building. Don't miss your chance to own this piece of history in downtown New Prague directly off main street.

    Listing

    Contingency: None
    City: New Prague
    County: Le Sueur
    State: MN
    Property Style: 2 Stories
    Zip Code: 56071
    Subdivision Name: City Of New Prague

    Interior

    Ceiling Height: 8-10
    Refrigerators: One
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 3
    Air Conditioning: Central Air, Ductless Mini-Split
    Foundation Size: 680 ft2
    Handicap Accessible: Fully Wheelchair, Wheelchair Ramp(s)
    Road Responsibility: Public Maintained Road
    Heating System:
    • Ductless Mini-Split
    • Forced Air
    Parking Features:
    • Gravel
    • Paved
    Road Frontage: City Street
    Exterior Material: Vinyl Siding
    Roof Details:
    • Age Over 8 Years
    • Rubber

    Lot & Land

    Acres: 0.15
    Geolocation: 44.54326200, -93.57818100
    Inclusions: Building, Leases
    Lot Dimensions: 39 x 172
    Zoning: Business/Commercial
    Lot Description: Tree Coverage - Light

    Schools

    School District: 721
    District Phone: 952-758-1700

    Expenses

    Annual Caretaker Expense: $1,900
    Annual Electric Expense: $3,209
    Annual Fuel Expense: $678
    Annual Insurance Expense: $3,684
    Annual Maintenance Expense: $600
    Annual Gross Expense: $14,500
    Annual Water/Sewer Expense: $868
    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $1,829
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,460

    Income

    Annual Gross Income: $47,400

    Rent

    Annual Net Income: $32,900

    Units

    Total Units: 3

    Miscellaneous

    Current Use:
    • Food Service
    • Hotel/Motel
    • Other
    Fuel System: Electric
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    Water System: City Water/Connected

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    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 eXp Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.