Listed By
Agency Name: Brick & Banister Real Estate
Agency Phone: 612-481-2520
Shown By
Agent Name: Kris Telkamp
Agent Phone: (320) 808-0162
Agency Title: Counselor Realty
Property Description
Right off I-35 in Pine City, this mixed-use building is already generating income and still has room to run. At $299,000 with a fully occupied gross monthly income of $5,300, the math works.The main level offers a professionally finished commercial suite with a lobby, three private offices, and a large gathering room that flexes well for meetings, classes, training, or events. One commercial tenant is already in place, with remaining office and gathering space ready for a new occupant. Office suites lease at $600/month and the gathering room at $1,800/month. The lower level includes a clean, updated one-bedroom apartment currently vacant and ready to rent at approximately $1,100/month, plus an unfinished area with real potential: convert it to a second apartment and add another income stream, or finish it as additional commercial space. Two private garages complete the picture, one currently rented at $300/month, one available.The lot parks 12 cars, and the location is walkable to nearby businesses and amenities, which matters for any commercial tenant bringing clients or staff through the door daily.This works for the business owner who wants a professional home base and wants the building to help pay for itself, and it works equally well for the cash flow investor ready to lease the full commercial level and let the numbers do the work. The layout supports both strategies and the upside on that unfinished lower level is real.The seller is open to creative financing and willing to carry a portion, which makes an already accessible price point even more flexible. Well maintained, updated throughout, and priced to move.
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875 7th Street Sw, Pine City, MN 55063
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$ 2,127.78 per month $1,591.40 Principal & Interest $449.17 Property Tax $87.21 Homeowner's InsuranceChange Payment Information
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875 7th Street Sw, Pine City, MN 55063
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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875 7th Street Sw | MLS# 7096034
This multi-family property located at 875 7th Street Sw, Pine City, MN 55063 is currently listed for sale with an asking price of $299,000. 7th Street Sw is located within the Pine City school district. Search Pine City real estate on ktelkamp.counselorrealty.com today.