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For Sale:  Spring Valley MLS# 7038602

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Active NEW!
$99,900
/mo Edit
Commercial:  2 Stories
2 br • 2 ba • Built 1880
0.05 acres
MLS# 7038602
763-576-8286
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    Property Description

    Great downtown investment opportunity. Wheelchair accessible commercial space on main floor. the second floor has a 2-bedroom apartment with full bath.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $99,900
    Property Type: Commercial
    City: Spring Valley
    Garage Spaces: 0
    County: Fillmore
    Year Built: 1880
    State: MN
    Property Style: 2 Stories
    Zip Code: 55975
    Subdivision Name: Spring Valley Original

    Interior

    Bedrooms: 2
    Bathrooms: 2
    Ceiling Height: Varied Heights
    Flooring: Carpet, Wood
    Refrigerators: One
    Appliances Included:
    • Dryer
    • Gas Water Heater
    • Range
    • Refrigerator
    • Washer
    Basement Details:
    • Block
    • Concrete
    • Crawl Space
    • Owner Access
    • Partial
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Air Conditioning: Central Air, Window Unit(s)
    Foundation Size: 2,178 ft2
    Foundation Dimensions: 22x99
    Fencing: None
    Handicap Accessible: Doors 36"+, Fully Wheelchair, Hallways 42"+, Partially Wheelchair
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: On-Street Parking Only
    Unit Amenities:
    • Ceiling Fan(s)
    • Hardwood Floors
    • Kitchen Window
    • Natural Woodwork
    • Walk-In Closet
    • Washer/Dryer Hookup
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Storm Sewer
    • Street Lights
    Exterior Material:
    • Block
    • Brick
    Roof Details:
    • Age Over 8 Years
    • Rolled/Hot Mop
    • Rubber

    Lot & Land

    Acres: 0.05
    Geolocation: 43.687067, -92.390619
    Inclusions: Building
    Lot Dimensions: 22 x 99
    Zoning: Business/Commercial

    Schools

    School District: 1044
    District Phone: 5073467276

    Expenses

    Annual Caretaker Expense: $300
    Annual Electric Expense: $1,656
    Annual Fuel Expense: $1,236
    Annual Insurance Expense: $5,800
    Annual Maintenance Expense: $2,400
    Annual Trash Expense: $600
    Annual Water/Sewer Expense: $1,656
    Tenant Expenses: Broadband, Cable TV, Telephone

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $1,518
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,518

    Income

    Annual Gross Income: $18,900

    Rent

    Annual Net Income: $2,852

    Units

    Total Units: 2

    Miscellaneous

    Current Use: Professional/Office
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Coldwell Banker River Valley,.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.