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Michael Smith

michael@michaelsmithgroup.com +1(651) 402-0835

$249,900

Est. payment - /mo

6,969 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Cottonwood

MLS Listing ID 7140136

Year Built 1902

Annual Tax Amount $1,332

Tax Year 2026

Contingent None

Lot Size 6,969 Sqft

Lot Dimensions 50x135x50x135

Property Description

Prime Main Street investment opportunity offering exceptional multi-stream income and significant commercial upside. The upper level features five residential apartments, including two 1-bedroom units and three 2-bedroom units, delivering steady, in-place cash flow. The street level offers remarkable versatility across multiple distinct spaces with independent entrances, featuring a 2,700 sq. ft. space ready for build out, a 1,540 sq. ft. space that was recently updated and ready for move in, and an additional 680 sq. ft. storage or future expansion unit for the 2,700 sf space. Both main sections include dedicated full basements for expansive on-site storage or operational capacity. Key capital improvements include a durable spray-foam roof finished with a protective poly coating, three coats of commercial paint, and fresh sealant. With residential revenue already established and high-visibility commercial spaces ready to maximize returns, this versatile asset is a rare portfolio powerhouse.

Location

State MN

County Lyon

Zoning Business/Commercial,Residential-Multi-Family

Rooms

Basement Full

Interior

Heating Baseboard, Forced Air

Cooling Window Unit(s)

Inclusions Other

Fireplace No

Exterior

Parking Features On-Street Parking Only

Utilities Available Electric Separate, Heating Separate

Roof Type Flat,Rubber

Present Use Other

Building

Story Two

Foundation 4500

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Lakeview

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Listed by Kerby Skurat • RE/MAX Results

Nearby School & Business

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Michael Smith

+1(651) 402-0835

Broker Associate License ID: 40184871

104 W Main ST Cottonwood, MN 56229

Michael Smith

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information