$59,900
Preston, MN 55965
MLS# 6565062
Status: Closed
2 baths
1 / 42
Property Description
TURNKEY INVESTMENT OPPORTUNITY! Updated commercial building located on the corner across from the county courthouse. Currently operating as a professional office building for two separate businesses through the year 2024. Main floor is handicap accessible and features a lobby area, nine offices, break room and two separate bathrooms. Full walkout basement is used for storage and mechanicals. Owner pays for natural gas, taxes and insurance. Opportunity Awaits!
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2024-11-13
Current Price: $59,900
Closed Date: 2024-12-12
Sales Close Price: 59900
Contingency: None
ListPrice: 69900
List Date: 2024-07-08
Office/Member Info
Association: SEMR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 0
Owner Occupied: No
Year Built: 1875
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 40x94
Acres: 0.08
Foundation Size: 2348
Garage Stalls: 0
For Sale or Lease: For Sale
Baths Total: 2
Location, Tax and Other Information
Legal Description: West 40' of Lot 6, Block 8, Except the South 26.5', ORIGINAL PLAT OF PRESTON.
Listing City: Preston
Map Page: 999
Municipality: Preston
School District Phone: 507-765-3843
Zip Plus 4: 1321
Property ID Number: 170203000
Tax Year: 2024
Tax Amount: 1840
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: TURNKEY INVESTMENT OPPORTUNITY! Updated commercial building located on the corner across from the county courthouse. Currently operating as a professional office building for two separate businesses through the year 2024. Main floor is handicap accessible and features a lobby area, nine offices, break room and two separate bathrooms. Full walkout basement is used for storage and mechanicals. Owner pays for natural gas, taxes and insurance. Opportunity Awaits!
Directions: Hwy 52; South on St. Paul Street NW (CR 17); Continue on St. Paul Street NW to Main Street; East on Main Street. Building sits on the corner of St. Paul Street & Main Street SE (diagonal from Courthouse).
Accessible
Wheelchair Ramp: 1
Air Conditioning
Central Air: 1
Amenities Shared
Other: 1
Amenities Unit
Multiple Phone Lines: 1
Appliances
Air-To-Air Exchanger: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 1840
Basement
Concrete Block: 1
Full: 1
Stone: 1
Unfinished: 1
Building Information
Building Finished SqFt: 2348
Building SqFt: 4696
Ceiling Height: 8-10
Construction Materials
Block: 1
Frame: 1
Stone: 1
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Vinyl: 1
Financing Terms
Conventional: 1
Flooring
Carpet: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: SEMR
Supra: 1
Lot Description
Corner Lot: 1
Miscellaneous Information
Homestead: No
Owner Pays
Fuel: 1
Insurance: 1
Lawn: 1
Snow Removal: 1
Taxes: 1
Ownership
Fractional Ownership: No
Parking Characteristics
None: 1
Public Survey Info
Range#: 10
Section#: 6
Township#: 102
Road Frontage
City Street: 1
Curbs: 1
Paved Streets: 1
Sidewalks: 1
Street Lights: 1
Road Responsibility
Public Maintained Road: 1
Roof
Asphalt Shingles: 1
Pitched: 1
Sale Options
Sale Includes: Building
Sewer
City Sewer/Connected: 1
Shared Rooms
Community Room: 1
Stories
One: 1
Unit 1
Lease Expiration Date: 2024-12-31
Leased?: Yes
Level: Main Level
Unit Number: 1
Monthly Rent: 1550
Half Baths: 2
Total Bathrooms: 2
Total Rooms: 9
Unit Details
Total Units: 1
Wall Description
Finished: 1
Water
City Water/Connected: 1
Income and Expenses
Annual Gross Income: 18600
No. of Ranges
None: 1
No. of Refrigerators
One: 1
Tenant Pays
Electricity: 1
Trash Collection: 1
Water: 1
On Site Utilities
Electric Common: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Business Opportunity: 1
Office: 1
Current Use
Business Service: 1
Commercial: 1
Office: 1
Professional Service: 1
Loan Terms
Cash: 1
Conventional: 1
Location Description
Downtown: 1
Location Tax and Other Information
House Number: 100
Street Name: Main
Street Suffix: Street
Street Direction Suffix: SE
Postal City: Preston
County: Fillmore
State: MN
Zip Code: 55965
Complex/Dev/Subdivision: Preston Original
Property Features
Accessible: Wheelchair Ramp
Air Conditioning: Central Air
Amenities Shared: Other
Amenities Unit: Multiple Phone Lines
Appliances: Air-To-Air Exchanger; Refrigerator
Basement: Concrete Block; Full; Stone; Unfinished
CMU Style: Business Opportunity; Office
Construction Materials: Block; Frame; Stone
Construction Status: Previously Owned
Current Use: Business Service; Commercial; Office; Professional Service
Exterior: Brick/Stone; Vinyl
Financing Terms: Conventional
Flooring: Carpet
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Location Description: Downtown
Lock Box Type: Supra
Lot Description: Corner Lot
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: Fuel; Insurance; Lawn; Lawn; Snow Removal; Taxes
Parking Characteristics: None
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Street Lights
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles; Pitched
Sewer: City Sewer/Connected
Shared Rooms: Community Room
Stories: One
Tenant Pays: Electricity; Trash Collection; Water
Wall Description: Finished
Water: City Water/Connected
Listing Office: Elcor Realty of Rochester Inc.
Last Updated: August - 08 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.