For Sale: Parkers Prairie MLS# 6257640
1 / 9
Active
$145,000
Commercial: Apartments/Retail
Built 1904
0.13 acres
Parkers Prairie schools
MLS# 6257640
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Property Description
Here's a chance to own a large building and have your mortgage nearly paid for with 3 rental units on upper level. All units are currently rented.
Building would be great for retail or whatever the heart desires.
Things just got better for this unit. Owner says due to a water line leak they had Service Master in and remove all floor coverings, a wall that didn't need to be there. Everything needed for a new owner to complete a remodel. ($30000.00 worth of cleanup) All remaining fixtures and appliances from cafe have been removed.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$145,000
Property Type:
Commercial
City:
Parkers Prairie
Garage Spaces:
0
County:
Otter Tail
Year Built:
1904
State:
MN
Property Style:
Apartments/Retail
Zip Code:
56361
Subdivision Name:
Lakeview Add
Interior
Ranges:
Three
Refrigerators:
Three
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Garage Door Height:
0
Garage Door Width:
0
Other Parking Spaces:
1
Air Conditioning:
Window Unit(s)
Foundation Size:
3,104 ft2
Handicap Accessible:
No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Flat
- Tar/Gravel
Lot & Land
Acres:
0.13
Geolocation:
46.1524271201, -95.3285683574
Inclusions:
Building, Leases, Rental License
Lot Dimensions:
130 x 90
Zoning:
Business/Commercial
Schools
School District:
547
District Phone:
218-338-6011
Expenses
Annual Gross Expense:
$2,400
Tenant Expenses:
Cable TV, Electricity, Fuel, Janitorial Service
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$2,956
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,956
Land Lease Amount:
0
Income
Annual Gross Income:
$17,400
Rent
Annual Net Income:
$15,000
Units
Total Units:
3
Miscellaneous
Current Use:
- Commercial
- Other
- Vacant
Fuel System:
- Electric
- Propane
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating 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.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
| 2026 | $1,163 | $8,164 | $9,327 | $114,837 |
| 2027 | $1,247 | $8,079 | $9,327 | $113,590 |
| 2028 | $1,339 | $7,988 | $9,327 | $112,251 |
| 2029 | $1,436 | $7,890 | $9,327 | $110,815 |
| 2030 | $1,541 | $7,785 | $9,327 | $109,274 |
| 2031 | $1,654 | $7,673 | $9,327 | $107,620 |
| 2032 | $1,775 | $7,552 | $9,327 | $105,846 |
| 2033 | $1,904 | $7,422 | $9,327 | $103,941 |
| 2034 | $2,043 | $7,283 | $9,327 | $101,898 |
| 2035 | $2,192 | $7,134 | $9,327 | $99,706 |
| 2036 | $2,353 | $6,974 | $9,327 | $97,353 |
| 2037 | $2,524 | $6,802 | $9,327 | $94,829 |
| 2038 | $2,709 | $6,618 | $9,327 | $92,120 |
| 2039 | $2,907 | $6,420 | $9,327 | $89,213 |
| 2040 | $3,119 | $6,208 | $9,327 | $86,094 |
| 2041 | $3,347 | $5,980 | $9,327 | $82,747 |
| 2042 | $3,591 | $5,735 | $9,327 | $79,156 |
| 2043 | $3,853 | $5,473 | $9,327 | $75,303 |
| 2044 | $4,135 | $5,192 | $9,327 | $71,168 |
| 2045 | $4,437 | $4,890 | $9,327 | $66,731 |
| 2046 | $4,761 | $4,566 | $9,327 | $61,970 |
| 2047 | $5,109 | $4,218 | $9,327 | $56,861 |
| 2048 | $5,482 | $3,845 | $9,327 | $51,379 |
| 2049 | $5,882 | $3,444 | $9,327 | $45,497 |
| 2050 | $6,312 | $3,015 | $9,327 | $39,185 |
| 2051 | $6,773 | $2,554 | $9,327 | $32,413 |
| 2052 | $7,267 | $2,059 | $9,327 | $25,145 |
| 2053 | $7,798 | $1,528 | $9,327 | $17,347 |
| 2054 | $8,368 | $959 | $9,327 | $8,979 |
| 2055 | $8,979 | $348 | $9,327 | $0 |
Listing provided by RMLS,
courtesy of Northstar Lakes Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.