Great Mixed Use Investment Property

Mankato, MN (Blue Earth County)

Great Mixed Use Investment Property

Asking Price:$199,900

Gross Revenue:$52,500

Price/Sq. Ft.:$14.88

NOI:N/A

Building SF:13,426

FF&E:N/A

Year Built:1900

Great Mixed Use Investment Property

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Property Description

Great Mixed Use Investment Property

5 Retail Units
6 Apartment Units

The subject is an “as is” mixed use commercial residential building in Braham, MN with a total of 13,426 square feet of gross building area and .16 acres or 6,804 square feet of CBD, Central Business District zoned land. The subject consists of 6,713 square feet and five retail units on the main level and 6,713 square feet and six residential apartment units on the upper level. The subject also has a full, unfinished basement. This valuation includes the real estate only (land and building improvements), and does not include any associated furniture, fixtures or equipment.

This property is Bank Owned.
Requires little management and maintenance.
This a great investment opportunity.

Detailed Information

Type:
Multi-Family
Building SF:
13,426
Building Status:
Established
Facilities:
BUILDING: Mixed Use Retail and Residential Property NO. STORIES OR HEIGHT: Two TOTAL GROSS AREA: Main Level Retail: 6,713 Square Feet Upper Level Apartments: 6,713 Square Feet Gross Building Area: 13,426 Square Feet YEAR BUILT: 1900 TYPE OF CONSTRUCTION: Masonry / Wood ROOFING: Flat / Membrane EXTERIOR WALLS: Masonry Brick / Wood FOUNDATION WALLS: Stone BASEMENT: Full / Unfinished HEATING/COOLING: Hot Water Boiler – Baseboard / Wood Air Conditioning ELECTRIC SERVICE: 400 Amp / Three Phase WATER HEATER: Hot Water WATER PIPE: Copper/ PVC
Current Property Expenses:
Taxes, Plumbing, Water, Electricity, Management, Routine Maintenance
Location Description:
The property is conveniently located on Main Street in Braham, MN.
Current and Prior Use:
This is a mixed use income property. The top floor is apartment and the street level is retail. The apartments are usually fully leased.

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Lucas Gaughan

Property Listed By:
Lucas Gaughan

Gaughan Companies Commercial Real Estate

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