For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $230,000
Property Type Commercial
Sub Type Low Rise
Listing Status Sold
Purchase Type For Sale
Subdivision Nichols Add
MLS Listing ID 6749449
Year Built 1928
Annual Tax Amount $3,980
Tax Year 2025
Lot Size 3,920 Sqft
Property Sub-Type Low Rise
Property Description
Commercial mixed-use investment opportunity in Pipestone. Own one of the historic buildings of downtown Pipestone. Mixed use building with 12 apartments (most are occupied and rents range from $300 to $500 per month). In addition to the rental units, there are 4 commercial units that are currently vacant. You can rent them out and immediately increase your cash flow! All units metered separately. Coin operated laundry on site for additional income. Newer boiler and brand new hot water heater. Rubber roof installed about 10 years ago. Solid foundation and a sturdy building that just needs some TLC.
Location
State MN
County Pipestone
Zoning Business/Commercial,Residential-Multi-Family
Interior
Heating Boiler
Cooling Window Unit(s)
Exterior
Parking Features On-Street Parking Only
Utilities Available Electric Separate, Hot Water Common
Roof Type Age Over 8 Years,Rubber
Building
Lot Description Corner Lot
Story Three Or More
Foundation 3900
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Pipestone Area Schools
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Get More Information
REMAX TEAM
Full Service Brokerage | License ID: 40471702
Full Service Brokerage License ID: 40471702