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Active
$265,000
/mo Edit
Commercial:  Other
Built 1910
0.21 acres
Grand Rapids schools
MLS# 6623129
My rating:
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    Property Description

    Newly remodeled commercial-residential property, ideally situated along Hwy 169 in the heart of Grand Rapids, MN. Perfect for investors or business owners, this versatile space offers a combination of commercial opportunity with residential convenience. The front of the property is optimized for commercial use, with a beautifully updated interior that includes new flooring, windows, trim, paint, modern light fixtures, and an ADA-compliant bathroom with a wheelchair ramp for accessibility. Enhanced with a new furnace and HVAC system, this property ensures a comfortable environment for clients or customers. In the back, a leased two-bedroom apartment provides immediate rental income, while the lower level presents an opportunity for a third unit with its own attached two-stall garageâ??ideal for additional rental income or private use. The exterior features fresh siding and paint, enhancing curb appeal. With its strategic location, modern updates, and income potential, this property stands out as a valuable investment in a thriving area. Don't miss your chance to own this versatile gem in Grand Rapids.

    Listing

    Contingency: None
    City: Grand Rapids
    County: Itasca
    State: MN
    Property Style: Other
    Zip Code: 55744
    Subdivision Name: Central Div Of Grand Rapids

    Exterior

    Garage Spaces: 2
    Other Parking Spaces: 5
    Foundation Size: 1,764 ft2
    Handicap Accessible: Wheelchair Ramp(s)
    Heating System: Forced Air
    Parking Features:
    • Gravel
    • Parking Lot
    • Tuckunder Garage
    Road Frontage: State Road
    Exterior Material:
    • Fiber Cement
    • Stucco
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.21
    Geolocation: 47.225971, -93.528968
    Inclusions: Building
    Lot Dimensions: 75 x 100
    Zoning: Business/Commercial

    Schools

    School District: 318
    District Phone: 218-327-5704

    Expenses

    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $3,269
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,404

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Commercial
    • Residential
    • Retail
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Electric 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.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Sugar Lake Lodge Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.