$60,000
Spring Valley, MN 55975
MLS# 6686441
2 beds | 3 baths
1 / 8
Property Description
Great downtown investment opportunity. 1,800 sq. ft. commercial space with two 1 bedroom apartments on the second floor. Delivery door on back of main level. Two new furnaces in each apartment as of 1/15/2025.
Details
Maps
Contract Information
Owner is an Agent?: Yes
Auction?: No
Status: Active
Current Price: $60,000
Contingency: None
ListPrice: 60000
List Date: 2025-03-16
Office/Member Info
Association: SEMR
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 0
Owner Occupied: No
Year Built: 1890
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 90X22
Foundation Size: 1800
Lot Size SqFt: 2178
Garage Stalls: 0
Power Company: Minnesota Power
For Sale or Lease: For Sale
Bedrooms: 2
Baths Total: 3
Location, Tax and Other Information
Legal Description: SPRING VALLEY ORIGINAL PLAT LOT-004 BLOCK-008 S1/2 LOT 4 BLK 8
Listing City: Spring Valley
Map Page: 999
Municipality: Spring Valley
School District: Kingsland
School District Phone: 507-346-7276
Zip Plus 4: 1517
Property ID Number: 360290010
Tax Year: 2024
Tax Amount: 878
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Great downtown investment opportunity. 1,800 sq. ft. commercial space with two 1 bedroom apartments on the second floor. Delivery door on back of main level. Two new furnaces in each apartment as of 1/15/2025.
Directions: Head south on US-63 S and take a slight right onto N Broadway Ave. Destination will be on the left.
Accessible
None: 1
Air Conditioning
Window Unit(s): 1
Appliances
Range: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 878
Assumable Loan
Not Assumable: 1
Basement
Drainage System: 1
Foundation Dimensions: 20x90
Full: 1
Stone: 1
Sump Pump: 1
Unfinished: 1
Building Information
Building Finished SqFt: 2780
Building SqFt: 4800
Ceiling Height: Less Than 8 Feet
Construction Materials
Brick: 1
Concrete: 1
Stone: 1
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Metal: 1
Stucco: 1
Fencing
None: 1
Flooring
Luxury Vinyl Plank: 1
Tile: 1
Foundation
Stone: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Other: 1
Internet Options
Cable: 1
Satellite: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: SEMR
Supra: 1
Miscellaneous Information
Alley: 1
Building Sign: 1
Delivery Door: 1
Homestead: No
Owner Pays
Electricity: 1
Fuel: 1
Gas: 1
Heat: 1
Insurance: 1
Maintenance/Repair: 1
Sewer: 1
Snow Removal: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Paved Lot: 1
Pool Description
None: 1
Road Frontage
City Street: 1
Curbs: 1
Sidewalks: 1
Storm Sewer: 1
Street Lights: 1
Road Responsibility
Public Maintained Road: 1
Roof
Age Over 8 Years: 1
Metal: 1
Pitched: 1
Sale Options
Sale Includes: Building
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Topography
Flood Plain: 1
Level: 1
Unit 1
Lease Expiration Date: 2025-04-01
Leased?: Yes
Level: 2nd Level
Unit Number: 1 - Front
Monthly Rent: 675
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 3
Unit Total SqFt: 550
No. of 1 Bedroom Units: 2
Unit Details
Total Units: 3
Wall Description
Other/See Remarks: 1
Water
City Water/Connected: 1
Window Features
Aluminum Frames: 1
Income and Expenses
Annual Caretaker Expense: 300
Annual Electric Expense: 1200
Annual Fuel Expense: 1800
Annual Gross Expenses: 10558
Annual Gross Income: 22800
Annual Insurance Expense: 2808
Annual Maintenance Expense: 3000
Annual Net Income: 12242
Annual Repair Expense: 0
Annual Trash Expense: 1200
Annual Water/Sewer Expense: 1200
Total Annual Expenses: 10558
No. of Ranges
Two: 1
No. of Refrigerators
Two: 1
Tenant Pays
Broadband: 1
Cable TV: 1
Unit 2
Lease Expiration Date: 2025-04-01
Leased?: Yes
Level: 2nd Level
Unit Number: 2 - rear
Monthly Rent: 450
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 3
Unit Total SqFt: 500
Unit 3
Leased?: No
Unit Number: Commercia
Half Baths: 1
Monthly Rent: 800
Total Bathrooms: 1
Total Rooms: 3
Unit Total SqFt: 1800
On Site Utilities
Electric Common: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Apartments and Retail: 1
Commercial Kitchen Appliances
Walk-In Cooler/Freezer: 1
Current Use
Vacant: 1
Loan Terms
Cash: 1
Conventional: 1
Location Description
Downtown: 1
Potential Use
Income: 1
Office: 1
Other: 1
Retail: 1
Warehouse: 1
Rent Rate per Foot
Other: 1
Location Tax and Other Information
House Number: 129
Street Direction Prefix: S
Street Name: Broadway
Street Suffix: Street
Postal City: Spring Valley
County: Fillmore
State: MN
Zip Code: 55975
Complex/Dev/Subdivision: Spring Valley Original
Property Features
Accessible: None
Air Conditioning: Window Unit(s)
Appliances: Range; Refrigerator
Assumable Loan: Not Assumable
Basement: Drainage System; Full; Stone; Sump Pump; Unfinished
CMU Style: Apartments and Retail
Commercial Kitchen Appliances: Walk-In Cooler/Freezer
Construction Materials: Brick; Concrete; Stone
Construction Status: Previously Owned
Current Use: Vacant
Exterior: Brick/Stone; Metal; Stucco
Fencing: None
Flooring: Luxury Vinyl Plank; Tile
Foundation: Stone
Fuel: Natural Gas
Heating: Forced Air; Other
Internet Options: Cable; Satellite
Loan Terms: Cash; Conventional
Location Description: Downtown
Lock Box Type: Supra
Miscellaneous Information: Alley; Building Sign; Delivery Door
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: Electricity; Fuel; Gas; Heat; Insurance; Maintenance/Repair; Sewer; Snow Removal; Trash Collection; Water
Parking Characteristics: Paved Lot
Pool Description: None
Potential Use: Income; Office; Other; Retail; Warehouse
Rent Rate per Foot: Other
Road Frontage: City Street; Curbs; Sidewalks; Storm Sewer; Street Lights
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Metal; Pitched
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Broadband; Cable TV
Topography: Flood Plain; Level
Wall Description: Other/See Remarks
Water: City Water/Connected
Window Features: Aluminum Frames
Listing Office: Coldwell Banker River Valley,
Last Updated: September - 16 - 2025
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