3 Beds
3 Baths
0.41 Acres Lot
3 Beds
3 Baths
0.41 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Amended Plat/Frazee City
MLS Listing ID 7131834
Bedrooms 3
Year Built 1944
Annual Tax Amount $2,847
Tax Year 2026
Contingent None
Lot Size 0.410 Acres
Lot Dimensions .41 acres
Property Description
Outstanding investment opportunity in the heart of Frazee! This well-maintained mixed-use building offers a diversified income stream with both residential and commercial tenants in place. The property includes a one-bedroom apartment and a two-bedroom apartment, both currently leased, along with a commercial space currently occupied by a restaurant tenant. A fourth unit — unfinished and ready to be built out as additional office or apartment space — offers exciting upside potential for a buyer looking to add value.
Situated on Main Ave with excellent road frontage and convenient side street parking, this property benefits from strong visibility and accessibility. Numerous updates have been completed throughout, including improvements to the commercial space and both residential apartments. Two unfinished basement areas provide ample utility and storage space. Sold with two parcels included, and no special assessments — a clean, turnkey opportunity for investors seeking immediate cash flow with room to grow.
Don't miss this rare chance to own a versatile, income-producing property in a prime downtown location!
Location
State MN
County Becker
Zoning Business/Commercial,Residential-Multi-Family
Rooms
Basement Block, Partial, Storage Space, Unfinished
Interior
Heating Baseboard, Boiler, Hot Water, Radiant
Cooling Wall Unit(s)
Inclusions Building, Land, Leases
Fireplace No
Exterior
Parking Features Gravel, Parking Lot, Units Vary
Utilities Available Electric Separate
Present Use Commercial,Residential,Restaurant
Building
Story One
Foundation 3482
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Frame
New Construction false
Schools
School District Frazee-Vergas
NEARBY SCHOOLS & PROPERTIES
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709 2nd Street South, Minneapolis, Minnesota 55401, United States