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$79,900  (list price)
$85,500
/mo Edit
Commercial:  Apartments/Retail
Built 1890
0.13 acres
Litchfield schools
MLS# 6516883
My rating:
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    Property Description

    Don't miss this incredible opportunity to own a commercial building in the heart of downtown Litchfield, MN! This property features two spacious apartments perfect for tenants, an unfinished basement ready for storage or customization, and a brand new roof in 2022 for added peace of mind. The main floor has been beautifully updated with some modern finishes, including a new furnace & a/c in 2019, making this a truly unique and versatile space. Whether you're looking to invest in rental properties or open your own dream business, this property has endless potential. Don't wait, schedule your showing today! Property includes vacant lot on the South side of the building. 24 hour notice required.

    Listing

    Contingency: None
    City: Litchfield
    County: Meeker
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 55355

    Interior

    Appliances Included:
    • Range
    • Refrigerator
    Basement Details: Unfinished

    Exterior

    Stories: Two
    Other Parking Spaces: 2
    Air Conditioning: Central Air, Window Unit(s)
    Foundation Size: 2,000 ft2
    Foundation Dimensions: 25x80
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features: Gravel
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • State Road
    • Street Lights
    Exterior Material:
    • Brick/Stone
    • Steel Siding
    • Stucco
    • Wood Siding
    Roof Details:
    • Age 8 Years or Less
    • Flat

    Lot & Land

    Acres: 0.13
    Geolocation: 45.1273331337, -94.5279336442
    Inclusions: Building, Land
    Lot Dimensions: 5500
    Addl Parcels: 270809000
    Zoning: Business/Commercial
    Lot Description:
    • Corner Lot
    • Zero Lot Line

    Schools

    School District: 465
    District Phone: 320-693-2444

    Expenses

    Tenant Expenses: Electricity, Sewer, Trash Collection

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $1,018
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,018

    Income

    Annual Gross Income: $12,660

    Units

    Total Units: 3

    Miscellaneous

    Current Use:
    • Commercial
    • Residential
    • Retail
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    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 Today's Properties.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.