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Active
$375,000
/mo Edit
Commercial:  Mixed Use,Low Rise,Office
Built 1900
0.23 acres
Howard Lake-Waverly-Winst schools
MLS# 6590808
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    Property Description

    Amazing opportunity to own a vintage building that is in impeccable condition, has a wonderful rental history. Lower level ready to finish for additional office, storage, apartment space. (Have plans for an addition).

    Listing

    Contingency: None
    City: Winsted
    County: McLeod
    State: MN
    Property Style: Mixed Use, Low Rise, Office
    Zip Code: 55395
    Subdivision Name: Barretts

    Interior

    Ceiling Height: 8-10
    Ranges: Two
    Refrigerators: Two
    Appliances Included:
    • Dishwasher
    • Electric Water Heater
    • Range
    • Refrigerator
    Basement Details:
    • Daylight/Lookout Windows
    • Full
    • Stone/Rock
    • Unfinished
    • Walkout

    Exterior

    Stories: Two
    Other Parking Spaces: 10
    Air Conditioning: Central Air
    Foundation Size: 1,824 ft2
    Foundation Dimensions: 76x24
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Driveway - Other Surface
    • Gravel
    • Open
    • Shared Driveway
    Unit Amenities:
    • Balcony
    • Ceiling Fan(s)
    • City View
    • Deck
    • Hardwood Floors
    • Kitchen Window
    • Main Floor Primary Bedroom
    • Panoramic View
    • Security Lights
    • Tile Floors
    • Walk-In Closet
    • Washer/Dryer Hookup
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Street Lights
    Exterior Material: Stucco
    Roof Details:
    • Age 8 Years or Less
    • Flat
    • Rubber

    Lake & Waterfront

    Waterfront Present: N
    Waterfront Name: Winsted
    Waterfront View: Lake
    DNR Lake ID#: 43001200
    WF Frontage: 0
    Elev Highpt to WF feet: 40+
    Waterfront Slope: Gradual
    Lake Chain Name: N
    Lake Acres: 382
    Lake Depth: 12
    Waterfront: Lake View
    Lake Bottom: Soft

    Lot & Land

    Acres: 0.23
    Geolocation: 44.963851, -94.04661
    Inclusions: Building, Land, Leases
    Lot Dimensions: 100 x 105
    Zoning:
    • Business/Commercial
    • Other
    Lot Description:
    • Corner Lot
    • Tree Coverage - Light

    Farm

    Topography: High Ground

    Schools

    School District: 2687
    District Phone: 320-543-3521

    Expenses

    Annual Electric Expense: $3,818
    Annual Fuel Expense: $3,569
    Annual Insurance Expense: $2,992
    Annual Maintenance Expense: $4,195
    Annual Gross Expense: $19,965
    Annual Trash Expense: $2,418
    Annual Water/Sewer Expense: $2,473
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $3,192
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,192

    Income

    Annual Gross Income: $34,200

    Rent

    Annual Net Income: $14,235

    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

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.