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For Sale:  Stewartville MLS# 6807628

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Active
$575,000
/mo Edit
Commercial:  Apartments/Retail
Built 1906
0.07 acres
Stewartville schools
MLS# 6807628
612-201-2213
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    Property Description

    Check out this fully renovated, mixed-use space on Hwy 63 just south of Rochester with value-add opportunity! These two adjoining parcels within one building have nearly 8, 000 square feet of interior space with three reliable tenants in downtown Stewartville, anchored by DARLIN' Bakery & Cafe. Full list of updates/renovations available upon request. Customize the unique unfinished space above the bakery to be an owner occupied loft with 12-foot ceilings or complete for another revenue engine to increase cash flow. Framing and plumbing rough in are already done for potential 2 bed/2 bath apt with 1, 680 SF.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $575,000
    Property Type: Commercial
    City: Stewartville
    Garage Spaces: 0
    County: Olmsted
    Year Built: 1906
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 55976
    Subdivision Name: Stewarts Add

    Interior

    Ceiling Height: Varied Heights
    Ranges: Two
    Refrigerators: Two
    Appliances Included:
    • Microwave
    • Range
    • Refrigerator
    Basement Details: Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 12
    Air Conditioning: Central Air, Window Unit(s)
    Foundation Size: 6,240 ft2
    Foundation Dimensions: 48x130
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Off Site
    • Parking Lot
    • Paved
    Shared Amenities: Deck
    Unit Amenities:
    • Deck
    • Washer/Dryer Hookup
    Road Frontage: City Street
    Exterior Material:
    • Brick/Stone
    • Vinyl Siding
    Roof Details:
    • Age Over 8 Years
    • Flat
    • Metal

    Lot & Land

    Acres: 0.07
    Geolocation: 43.855803, -92.488151
    Inclusions: Building, Leases
    Lot Dimensions: 48 x 130
    Addl Parcels: 543413030235
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family

    Schools

    School District: 534
    District Phone: 507-533-1438

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $1,200
    Annual Maintenance Expense: $1,250
    Annual Gross Expense: $1,250
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities, Cable TV, Electricity, Gas, Sewer, Trash Collection

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,908
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,908

    Income

    Annual Gross Income: $48,000

    Rent

    Annual Net Income: $46,500

    Units

    Total Units: 4

    Miscellaneous

    Current Use: Restaurant
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Dwell Realty Group LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.