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For Sale:  Winnebago MLS# 7158751

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Active NEW!
$125,000
/mo Edit
Commercial:  Other
Built 1940
0.14 acres
Blue Earth Area schools
MLS# 7158751
763-576-8286
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    Property Description

    INVESTMENT OPPORTUNITY ON HIGH-VISIBILITY HWY 169! Two adjoining commercial spaces PLUS a 1-bedroom upper-level apartment are being offered together in one sale, creating a unique opportunity for an investor or owner-user looking for multiple potential income streams. The first commercial space offers a flexible layout with two large main-floor rooms, a former commercial kitchen area with pass-through window, full basement with bathroom and abundant storage. Updates include commercial A/C (2021), water heater (2019), LED lighting (2020), tile updates (2021), garbage disposal (2021), rubber roof (2021), and sewer lines jetted to the city connection in 2023. The front flooring has been removed, giving the next owner a clean slate to customize the space for their vision. The adjoining commercial space offers its own entrance, storefront windows, a large open area, office, bathroom, additional parking and a large garage at the rear. Additionally, there is also a space currently rented as a hair salon, providing existing income potential. Above the commercial space is a 1-bedroom apartment with a private entrance and its own laundry—another opportunity for rental income. With excellent Hwy 169 visibility, a lighted sign, multiple entrances, flexible commercial space, existing tenant space, apartment and garage, this property offers numerous possibilities under one purchase. Bring your business, investment ideas and vision! Property is being sold AS-IS. Additional information and list of included items available upon request.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $125,000
    Property Type: Commercial
    City: Winnebago
    Garage Spaces: 1
    County: Faribault
    Year Built: 1940
    State: MN
    Property Style: Other
    Zip Code: 56098

    Exterior

    Garage Spaces: 1
    Foundation Size: 2,687 ft2
    Handicap Accessible: Fully Wheelchair
    Heating System: Forced Air
    Parking Features: Attached Garage

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.14
    Geolocation: 43.767359, -94.166167
    Inclusions: Building, Fixture/Equipment
    Lot Dimensions: Irrg
    Zoning: Business/Commercial

    Schools

    School District: 2860
    District Phone: 5075263188

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $2,186
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,186

    Units

    Total Units: 3

    Miscellaneous

    Current Use: Commercial
    Fuel System: Natural Gas
    Sewer System: City Sewer - In Street
    Available Utilities: None Available
    Water System: City Water - In Street

    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 American Way Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.