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For Sale:  Foley MLS# 6634542

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Active
$185,000
/mo Edit
Commercial:  Apartment,Mixed Use,Business
Built 1930
0.09 acres
Foley schools
MLS# 6634542
763-576-8286
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    Property Description

    Historic building for sale! Seize a unique investment opportunity with this versatile property located on the bustling main street of Foley, MN. The main level features two retail storefronts with large windows, offering excellent visibility and exposure to high foot traffic. Bathroom between retail space on main level, making it an ideal setup for a variety of businesses. Above the retail space, the upper level comprises a spacious 3-bedroom apartment. This comfortable living area includes a modern kitchen, a cozy living room, and a small backyard includes a charming patio with a garden area at the rear. The apartment provides a delightful retreat and enhances the property's income potential. This property is perfectly positioned for immediate income generation, whether youâ??re looking to lease the retail spaces and apartment or use it for your own business and living needs. Donâ??t miss this fantastic opportunity to own a well-located, income-producing asset in the vibrant community of Foley. Contact us today for more details and to schedule a viewing!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $185,000
    Property Type: Commercial
    City: Foley
    Garage Spaces: 0
    County: Benton
    Year Built: 1930
    State: MN
    Property Style: Apartment, Mixed Use, Business
    Zip Code: 56329
    Subdivision Name: Foleys 1st Add To Town

    Interior

    Ranges: One
    Refrigerators: One
    Appliances Included:
    • Dishwasher
    • Dryer
    • Range
    • Refrigerator
    • Washer
    Basement Details: Partially Finished

    Exterior

    Garage Spaces: 0
    Other Parking Spaces: 2
    Air Conditioning: Window Unit(s)
    Foundation Size: 1,860 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Gravel
    Shared Amenities: Patio
    Unit Amenities: Patio
    Road Frontage:
    • City Street
    • Paved Streets
    • Sidewalks
    • Street Lights
    Exterior Material:
    • Brick/Stone
    • Fiber Cement

    Lot & Land

    Acres: 0.09
    Geolocation: 45.664904, -93.911061
    Inclusions: Building, Land
    Lot Dimensions: 185 x 220
    Zoning: Business/Commercial

    Schools

    School District: 51
    District Phone: 320-968-7175

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $1,024
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $1,054

    Units

    Total Units: 5

    Miscellaneous

    Current Use:
    • Residential
    • Retail
    Fuel System: Natural Gas
    Owner Occupied: Yes
    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.
    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!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

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