111 N Rum River Drive, Princeton, MN 55371

• 5,850 sqft

Property Description

Rare cash-flowing investment opportunity in Uptown Princeton! This solid multi-use commercial building features two upper-level apartments and a fully operational main-level + lower-level retail/office space. Offering approx. 5,850 sq ft, the building includes a private 6-8 stall parking lot - an uncommon find on Main Street. Interior highlights include 13 ft main-level ceilings with copper tin accents, original wood floors, handicap-accessible bathroom, glass entry doors, and a dry usable lower level with tall ceilings. Recent updates include a 2007 rubber roof (under warranty), separate electrical services (100 amp for apartments, 400 amp for commercial), AC systems, air handler, boiler heat, and supplemental eclectic baseboard. Strong visibility just off Hwy 169 with excellent pedestrian and vehicle traffic. Perfect for owner-occupants looking for retail/office space, or investors seeking stable multi-unit income. A well-maintained and versatile property in a prime location!

Listing Status:

Active

Listing Office:

Edina Realty, Inc. : 763-295-3456

MLS ID:

6819095

Interior

• Appliances: DryerElectric Water HeaterMicrowaveRangeRefrigeratorWasher
• Basement: BlockFinishedFull
• A/C: Window Unit(s)
• Heating: BaseboardBoilerHot Water

Exterior

• Parking: OtherPavedOpen

Construction

• Roofing: Age Over 8 YearsFlatRubber
• General: Two

Location

• Road/Access: City StreetCounty RoadCurbsPaved StreetsSidewalksStreet LightsStorm Sewer
• Originating MLS: northstar
• School District: Princeton
• County: Mille Lacs

Lot

• Zoning: 240400180
• Current Use: ResidentialRetail

Utilities

• Utilities: Electric SeparateHeating SeparateHot Water Separate
• Water: City Water/Connected
• Sewer: City Sewer/Connected

Financial

• Source: northstar

This listing courtesy of Edina Realty, Inc.