For Sale: Winsted MLS# 7080318
Active
NEW!
$295,000
Commercial: 2 Stories
4 br • 5 ba • Built 1900
0.24 acres
Howard Lake-Waverly-Winst schools
MLS# 7080318
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Property Description
Great opportunity in downtown Winsted with this mixed-use building offering 2 upper-level apartments and 3 street level commercial units all with private parking. This property's downtown location next to Winsted Lake has contributed to its consistent rental history. The basement is unfinished and offers 2 separate entrances that can be finished as 2 more units.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$295,000
Property Type:
Commercial
City:
Winsted
Garage Spaces:
0
County:
McLeod
Year Built:
1900
State:
MN
Property Style:
2 Stories
Zip Code:
55395
Subdivision Name:
Barretts
Interior
Bedrooms:
4
Bathrooms:
5
Ceiling Height:
8-10
Flooring:
Carpet, Tile, Vinyl, Wood
Refrigerators:
Two
Appliances Included:
- Dishwasher
- Electric Water Heater
- Range
- Refrigerator
Basement Details:
- Daylight/Lookout Windows
- Full
- Unfinished
- Walkout
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
2,100 ft2
Foundation Dimensions:
24x59x14x18x38x77
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Open
- Shared Driveway
Unit Amenities:
- Balcony
- Ceiling Fan(s)
- City View
- Deck
- Hardwood Floors
- Kitchen Window
- Main Floor Primary Bedroom
- Panoramic View
- Security Lights
- Washer/Dryer Hookup
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Street Lights
Roof Details:
- Age 8 Years or Less
- Flat
- Rubber
Lake & Waterfront
Waterfront Present:
N
Waterfront View:
Lake
WF Frontage:
0
Elev Highpt to WF feet:
40+
Waterfront:
Lake View
Lake Bottom:
Soft
Lot & Land
Acres:
0.24
Geolocation:
44.963851, -94.04661
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
100 x 105
Zoning:
- Business/Commercial
- Residential-Multi-Family
Lot Description:
- Corner Lot
- Tree Coverage - Light
Farm
Topography:
High Ground
Schools
School District:
2687
District Phone:
3205433521
Expenses
Annual Caretaker Expense:
$3,600
Annual Electric Expense:
$3,568
Annual Fuel Expense:
$1,776
Annual Insurance Expense:
$3,504
Annual Maintenance Expense:
$1,300
Annual Trash Expense:
$960
Annual Water/Sewer Expense:
$1,910
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,316
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,316
Income
Annual Gross Income:
$39,900
Rent
Annual Net Income:
$22,050
Units
Total Units:
5
Miscellaneous
Current Use:
- Office
- Residential
- Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Separate
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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!
Listing provided by RMLS,
courtesy of CENTURY 21 Atwood.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.