404 N Washington Avenue Springfield, MN ^$ 225,000

404 N Washington Avenue

^$ 225,000

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404 N Washington Avenue

Springfield, MN, 56087

^$ 225,000

Studio Baths0.0 Sq 4,125

Monthly Estimate*

^$ 1,572

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Studio

Commercial Property for sale in Springfield, MN

for $225,000. This 4,125 square foot building was built in 1987 on a lot size of 0.54.

Turn key business opportunity to own this well established business. Sale would include all owned fixtures, kitchen equipment and real estate. The property features a large bar and dining area, pool and dart area, maintained kitchen, newer roof, concrete parking lot, an abundance of parking, state highway exposure and established.

Commercial Active

Price

^$ 225,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,990

Style

Business

Lot Size

0.54

Year Built

1987

Town/City

Springfield

County/Region

Brown

MLS | Web ID

6261787

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Cooling Central Air

Utilities Electric Common Heating Common

Roof Asphalt

Garage Spaces 0

Construction Materials Wood Siding

Year Built 1987

Levels One

Property SubType Business

Tax Year 2022

Current Use Restaurant Bar/Tavern

Accessibility None

County Brown

Property Type Commercial Sale

Contingency None

Subdivision Name 1AO1Y173WVOT

Directions Located on the east end of Springfield along Hwy 14

City Springfield

Buyer Agent Compensation 2.00

Land Lease Amount 0

High School District Springfield

Zoning Description Business/Commercial

Total Units 1

Street Name Washington

Land Lease Y/N N

Tax Annual Amount 3990

Additional Parcels Y/N N

Days on Market 469

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Concrete

Lot Features Corner Lot

Water Source City Water/Connected

Inclusions Building Fixture/Equipment Land

Lot Size Area 0.54

Building Area Total 4125

Lot Dimensions .54

Lot Size Units Acres

Foundation Area 4125

Road Frontage Type City Street Highway

Interior

Basement (Y/N) N

Street Suffix Avenue

Fuel Natural Gas

Internal Only

Street Number 1 404

* Excluded Features

List By

Kerkhoff Auction & Real Estate

Broker

doug@kerkhoffauction.com

Affordability Calculator

$1,904

Per Month

Monthly Principal & Interest: $1,572
Monthly Property Taxes: $333
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Springfield, MN

Average List Price ^$387,350

Percent of Sale Price 72%

About Springfield, MN

2,056 Population

-5% Since 2002

^$45,065 Median Income

44.44 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048563 Elementary School

3048721 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/16/2022	$225,000		Listed Price

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404 N Washington Avenue, Springfield, MN, 56087 is a Commercial Property for sale at $225,000 with 4,125 sqft and a lot size of 0.54. 404 N Washington Avenue is a studio with 0.0 baths and was built in 1987. The property's zip code is 56087 which is in Springfield, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/16/2024.

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404 N Washington Avenue

Commercial Property for sale in Springfield, MN

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