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Active
$375,000
/mo Edit
Commercial:  2 Stories
Built 1900
0.23 acres
Howard Lake-Waverly-Winst schools
MLS# 6590808
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    Property Description

    Amazing opportunity to own a vintage building that is in impeccable condition, has a wonderful rental history. Lower level ready to finish for additional office, storage, apartment space. (Have plans for an addition).

    Listing

    Contingency: None
    City: Winsted
    County: McLeod
    State: MN
    Property Style: 2 Stories
    Zip Code: 55395
    Subdivision Name: Barretts

    Interior

    Ceiling Height: 8-10
    Ranges: Two
    Refrigerators: Two
    Appliances Included:
    • Dishwasher
    • Electric Water Heater
    • Range
    • Refrigerator
    Basement Details:
    • Daylight/Lookout Windows
    • Full
    • Stone/Rock
    • Unfinished
    • Walkout

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 10
    Air Conditioning: Central Air
    Foundation Size: 1,824 ft2
    Foundation Dimensions: 76x24
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Driveway - Other Surface
    • Gravel
    • Open
    • Shared Driveway
    Unit Amenities:
    • Balcony
    • Ceiling Fan(s)
    • City View
    • Deck
    • Hardwood Floors
    • Kitchen Window
    • Main Floor Primary Bedroom
    • Panoramic View
    • Security Lights
    • Tile Floors
    • Walk-In Closet
    • Washer/Dryer Hookup
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Street Lights
    Exterior Material: Stucco
    Roof Details:
    • Age 8 Years or Less
    • Flat
    • Rubber

    Lake & Waterfront

    Waterfront Present: N
    Waterfront Name: Winsted
    Waterfront View: Lake
    DNR Lake ID#: 43001200
    WF Frontage: 0
    Elev Highpt to WF feet: 40+
    Waterfront Slope: Gradual
    Lake Chain Name: N
    Lake Acres: 382
    Lake Depth: 12
    Waterfront: Lake View
    Lake Bottom: Soft

    Lot & Land

    Acres: 0.23
    Geolocation: 44.963851, -94.04661
    Inclusions: Building, Land, Leases
    Lot Dimensions: 100 x 105
    Zoning:
    • Business/Commercial
    • Other
    Lot Description:
    • Corner Lot
    • Tree Coverage - Light

    Farm

    Topography: High Ground

    Schools

    School District: 2687
    District Phone: 320-543-3521

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $3,818
    Annual Fuel Expense: $3,569
    Annual Insurance Expense: $2,992
    Annual Maintenance Expense: $4,195
    Annual Gross Expense: $19,965
    Annual Trash Expense: $2,418
    Annual Water/Sewer Expense: $2,473
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $3,192
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,192

    Income

    Annual Gross Income: $34,200

    Rent

    Annual Net Income: $14,235

    Units

    Total Units: 5

    Miscellaneous

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

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.