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Active
$360,000
/mo Edit
Commercial:  Apartments/Retail
Built 1940
0.06 acres
New London-Spicer schools
MLS# 6620441
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    Property Description

    Historic building located right on bustling Main Street New London. This iconic main street building has two commercial spaces - an open concept space on the main level is currently occupied by some of the areas most talented tattoo artists and the lower level with separate access is ready for occupancy. This building provides additional income with 4 residential apartments all with current leases. Off street parking in the back, tons of updates inside and out. A great investment- great visibility and high traffic and foot count- this building is ready for it's new owner. Don't miss out on this rare opportunity!

    Listing

    Contingency: None
    City: New London
    County: Kandiyohi
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 56273
    Subdivision Name: New London Town Of

    Interior

    Basement Details:
    • Full
    • Partially Finished

    Exterior

    Stories: Two
    Other Parking Spaces: 3
    Air Conditioning: Central Air, Window Unit(s)
    Foundation Size: 1,740 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Gravel
    Exterior Material:
    • Block
    • Engineered Wood
    • Wood Siding
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.06
    Geolocation: 45.3006699477, -94.9441634405
    Inclusions: Building, Leases
    Lot Dimensions: 2791
    Zoning: Business/Commercial

    Schools

    School District: 345
    District Phone: 320-354-2252

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,778
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,778

    Units

    Total Units: 6

    Miscellaneous

    Current Use: Other
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Separate
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    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 320 Real Estate Co.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.