$65,000
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
Status: Active
Current Price: $65,000
Contingency: None
ListPrice: 65000
List Date: 2025-03-16
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1890
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Bedrooms: 2
Baths Total: 3
Foundation Size: 1800
Power Company: Minnesota Power
For Sale or Lease: For Sale
Lot Dimensions: 90X22
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
Assessments
Tax With Assessments: 878
Basement
Foundation Dimensions: 20x90
Building Information
Building Finished SqFt: 2780
Building SqFt: 4800
Ceiling Height: Less Than 8 Feet
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 Trash Expense: 1200
Annual Water/Sewer Expense: 1200
Total Annual Expenses: 10558
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: SEMR
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building
Unit 1
Unit Number: 1 - Front
Monthly Rent: 675
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 3
Level: 2nd Level
Unit Total SqFt: 550
Leased?: Yes
Lease Expiration Date: 2025-04-01
No. of 1 Bedroom Units: 2
Unit 2
Lease Expiration Date: 2025-04-01
Leased?: Yes
Level: 2nd Level
Monthly Rent: 450
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 3
Unit Number: 2 - rear
Unit Total SqFt: 500
Unit 3
Half Baths: 1
Leased?: No
Monthly Rent: 800
Total Bathrooms: 1
Total Rooms: 3
Unit Number: Commercia
Unit Total SqFt: 1800
Unit Details
Total Units: 3
Property Features
Accessible: None
Air Conditioning: Window
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: On-Street Parking Only; 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: June - 30 - 2025
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