620 Main Street W Detroit Lakes, MN ^$ 549,000

620 Main Street W

^$ 549,000

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620 Main Street W

Detroit Lakes, MN, 56501

^$ 549,000

Studio Baths0.0 Sq 1

Monthly Estimate*

^$ 3,649

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Studio

Commercial Property for sale in Detroit Lakes, MN

for $549,000. This 1 square foot building was built in 1940 on a lot size of 0.55.

20,000+ Square Foot Commercial Building in Detroit Lakes in close proximity to the Hwy's 10&59 Intersection. Mix of Light Manufacturing, Retail, and Office Space. 13 rentable Units. Many options of use for the building. Move your business in and/or collect rent from your tenants! Partial seller financing available.

Commercial Active

Price

^$ 549,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 8,434

Style

Lot Size

0.55

Year Built

1940

Town/City

Detroit Lakes

County/Region

Becker

MLS | Web ID

6343650

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Utilities Electric Common Heating Common Hot Water Common

Garage Spaces 2

Construction Materials Block Metal Siding

Year Built 1940

Tax Year 2022

Current Use Professional/Office Commercial Office Other Professional Service Storage Facility Warehouse

Gross Income 48600

Accessibility None

County Becker

Net Operating Income 33059

Insurance Expense 1800

Property Type Commercial Sale

Contingency None

Subdivision Name Detroit Lakes

Possible Use Office Professional Service Retail Warehouse Wholesale Operation Investment Industrial

Directions Main St Near Train Tracks

City Detroit Lakes

Buyer Agent Compensation 2.50

High School District Detroit Lakes

Zoning Description Business/Commercial

NumberOfUnitsTotal 13

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 8434

Electric Expense 10800

Trash Expense 1440

Additional Parcels Y/N N

Virtual Tour https://my.matterport.com/show/?m=BvpQk29mbBa&mls=1

Days on Market 365

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Attached Garage Asphalt Guest Parking Insulated Garage Tuckunder Garage

Water Source City Water/Connected

Inclusions Building Land

Lot Size Area 0.55

Building Area Total 1

Lot Dimensions Irregula

Foundation Area 1

Interior

Basement (Y/N) N

Fuel Natural Gas

Internal Only

Street Number 1 620

* Excluded Features

List By

The Real Estate Company Of Detroit Lakes

Broker

cnord@mnlakesrealtor.com

Affordability Calculator

$4,352

Per Month

Monthly Principal & Interest: $3,649
Monthly Property Taxes: $703
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% 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 Detroit Lakes, MN

Average List Price ^$444,116

Percent of Sale Price 19%

About Detroit Lakes, MN

9,141 Population

18% Since 2002

^$39,425 Median Income

40.52 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048734 Elementary School

3048414 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/5/2023	$549,000	-7.73%	Price Down
3/17/2023	$595,000		Listed Price

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620 Main Street W, Detroit Lakes, MN, 56501 is a Commercial Property for sale at $549,000 with 1 sqft and a lot size of 0.55. 620 Main Street W is a studio with 0.0 baths and was built in 1940. The property's zip code is 56501 which is in Detroit Lakes, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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 7/5/2024.

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620 Main Street W

Commercial Property for sale in Detroit Lakes, MN

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