111 N Rum River Drive Princeton, MN ^$ 299,900

111 N Rum River Drive

^$ 299,900

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111 N Rum River Drive

Princeton, MN, 55371

^$ 299,900

Studio Baths0.0 Sq 5,850

Monthly Estimate*

^$ 2,095

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Studio

Commercial Property for sale in Princeton, MN

for $299,900. This 5,850 square foot building was built in 1895 on a lot size of 0.09.

Income producing property with 2 apartments on the upper level and a fully operational retail space on the main & basement (Antique store since 1991). New roof in 2007 that is warrantied for 20 years. Separate electrical: 100 AMPS to apartments and 400 AMPS to retail. Let this be your next cash flowing investment!

Commercial Active

Price

^$ 299,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 2,308

Style

Mixed Use,Business,Retail

Lot Size

0.09

Year Built

1895

Town/City

Princeton

County/Region

Mille Lacs

MLS | Web ID

6511543

Features

General

Sewer City Sewer/Connected

Heating Baseboard Boiler Hot Water

Cooling Wall Unit(s) Window Unit(s)

Utilities Electric Separate Heating Separate Hot Water Common

Roof Age Over 8 Years Flat Rubber

Appliances Dryer Microwave Range Refrigerator Washer

Garage Spaces 0

Construction Materials Block Brick/Stone Metal Siding Steel Siding

Year Built 1895

Tenant Pays All Utilities Percent Rent

Levels Two

Property SubType Mixed Use Business Retail

Tax Year 2023

Current Use Residential Retail

Accessibility Doors 36 +

County Mille Lacs

Property Type Commercial Sale

Contingency None

Subdivision Name Princeton - Original Townsite

Directions From Hwy 169 N turn right on Rum River Drive - property located downtown.

City Princeton

Buyer Agent Compensation 2.70

High School District Princeton

Zoning Description Business/Commercial

Total Units 3

Street Name Rum River

Land Lease Y/N N

Tax Annual Amount 2308

Additional Parcels Y/N N

Days on Market 25

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Interior

Basement Block Finished Full

Basement (Y/N) Y

Street Suffix Drive

Ceiling Height 11-15

Fuel Electric Natural Gas

Exterior

Parking Features Off Site Other Open

Water Source City Water/Connected

Inclusions Building Leases

Lot Size Area 0.09

Building Area Total 5850

Lot Dimensions 26x148

Lot Size Units Acres

Foundation Area 1950

Road Frontage Type County Road

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 111

* Excluded Features

List By

Edina Realty, Inc.

Broker

harlankartak@edinarealty.com

Affordability Calculator

$2,287

Per Month

Monthly Principal & Interest: $2,095
Monthly Property Taxes: $192
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Princeton, MN

Average List Price ^$523,450

Percent of Sale Price 75%

About Princeton, MN

5,175 Population

25% Since 2002

^$44,676 Median Income

38.66 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708419 Elementary School

709067 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/1/2024	$299,900		Listed Price

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111 N Rum River Drive, Princeton, MN, 55371 is a Commercial Property for sale at $299,900 with 5,850 sqft and a lot size of 0.09. 111 N Rum River Drive is a studio with 0.0 baths and was built in 1895. The property's zip code is 55371 which is in Princeton, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/30/2024.

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111 N Rum River Drive

Commercial Property for sale in Princeton, MN

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