For Sale: Le Sueur MLS# 6686903
Active
$350,000
Commercial: Office
Built 1880
0.09 acres
Lesueur-Henderson schools
MLS# 6686903
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Property Description
Turnkey investment opportunity, fully renovated, fully leased 2- unit property situated in the heart of Le Sueur. Opportunity for Live-Work Lifestyle, or income producing rental located in high-demand retail area, and busiest corner of town- with long term potential. This bold, Le Sueur Brick building sits in front of the Minnesota River. Charming, modern, yet kept the integrity of the historic character. Convenience and comfort: Parking and entrances in front of building, and private parking and entrances in the back. Main level-Retail, office space, currently leased through August 2028. Keyless entry. Step onto plank flooring, into a stylish interior with a fresh build-out, exposed and preserved brick, housing a large foyer/studio with 2 additional office spaces, a kitchenette and bathroom. Upper-level living is currently month to month lease. Enter into a brand-new renovated apartment. The sleek kitchen welcomes you in with a modern flair, black cabinets with grey and white accents. Two bedrooms, a large bathroom, washer/dryer. Enjoy western sunsets from the spacious deck. Basement is clean with loads of storage. Current rents: 106 (lower level Commerical ) $1600.00/month, most utilities included, excluding garbage and internet. Upper level (106 1/2 residential) $1600.00/month all utilities included, city water, sewer/garbage, internet and snow removal of back parking. New AC/Furnace/Roof inspected. Sound proofing between upper and lower level installed.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$350,000
Property Type:
Commercial
City:
Le Sueur
Garage Spaces:
0
County:
Le Sueur
Year Built:
1880
State:
MN
Property Style:
Office
Zip Code:
56058
Subdivision Name:
Town Of Le Sueur
Interior
Ranges:
One
Refrigerators:
One
Appliances Included:
- Gas Water Heater
- Microwave
- Range
- Refrigerator
- Water Softener Owned
Basement Details:
- Full
- Stone/Rock
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
2
Air Conditioning:
Central Air
Foundation Size:
1,000 ft2
Handicap Accessible:
Wheelchair Ramp(s)
Heating System:
Forced Air
Parking Features:
Other
Exterior Material:
Brick/Stone
Roof Details:
Flat
Lot & Land
Acres:
0.09
Geolocation:
44.461818, -93.915619
Inclusions:
Building
Lot Dimensions:
25 x 150
Zoning:
Business/Commercial
Schools
School District:
2397
District Phone:
507-665-4600
Expenses
Annual Electric Expense:
$3,435
Annual Fuel Expense:
$877
Annual Insurance Expense:
$2,754
Annual Gross Expense:
$11,173
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,356
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,428
Income
Annual Gross Income:
$39,360
Rent
Annual Net Income:
$28,187
Units
Total Units:
2
Miscellaneous
Current Use:
- Office
- Professional/Office
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of True Real Estate.
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.