820 NW 1st Avenue Grand Rapids, MN ^$ 500,000

820 NW 1st Avenue

^$ 500,000

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820 NW 1st Avenue

Grand Rapids, MN, 55744

^$ 500,000

Studio Baths0.0 Sq 28,000

Monthly Estimate*

^$ 3,493

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Studio

Commercial Property for sale in Grand Rapids, MN

for $500,000. This 28,000 square foot building was built in 1955 on a lot size of 1.93.

Updated 3100+ square feet ISD 318 admin building. Updated network, secured doors, conference rooms, kids play areas, board rooms and a variety of office settings to fit the right application. City has restrictions on what can go back in the space as its classified as PU/R2, possible applications: Gym, day care, church, multifamily housing, single family housing, nursing/assisted living home, bed and breakfast and a few more?

Commercial Active

Price

^$ 500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 45

Style

Office

Lot Size

1.93

Year Built

1955

Town/City

Grand Rapids

County/Region

Itasca

MLS | Web ID

6439359

Features

General

Sewer City Sewer/Connected

Heating Boiler

Cooling Central Air

Utilities Hot Water Common

Garage Spaces 0

Construction Materials Brick/Stone

Year Built 1955

Property SubType Office

Tax Year 2023

Current Use Professional Service

Accessibility Doors 36 + Hallways 42 + No Stairs Internal

County Itasca

Property Type Commercial Sale

Contingency None

Subdivision Name Kearneys 1st Add To Gr

Possible Use Other

Directions 1st ave NW

City Grand Rapids

Buyer Agent Compensation 2.40

High School District Grand Rapids

Zoning Description Business/Commercial

Total Units 1

Street Name 1st

Land Lease Y/N N

Tax Annual Amount 45

Additional Parcels Y/N N

Virtual Tour https://player.vimeo.com/video/868472823?badge=0&autopause=0&player_id=0&app_id=58479

Days on Market 176

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Interior

Basement Partial

Basement (Y/N) Y

Street Suffix Avenue

Ceiling Height 11-15

Fuel Natural Gas

Exterior

Parking Features Parking Lot

Water Source City Water/Connected

Inclusions Building

Lot Size Area 1.93

Building Area Total 28000

Lot Dimensions 280' x 1.93 acres

Lot Size Units Acres

Foundation Area 31295

Internal Only

Street Number 1 820

* Excluded Features

List By

Coldwell Banker Northwoods

Broker

mitchkellin@gmail.com

Affordability Calculator

$3,496

Per Month

Monthly Principal & Interest: $3,493
Monthly Property Taxes: $4
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 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 Grand Rapids, MN

Average List Price ^$595,809

Percent of Sale Price 19%

About Grand Rapids, MN

11,253 Population

9% Since 2002

^$41,151 Median Income

41.94 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708396 Elementary School

708989 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/26/2023	$500,000		Listed Price

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820 NW 1st Avenue, Grand Rapids, MN, 55744 is a Commercial Property for sale at $500,000 with 28,000 sqft and a lot size of 1.93. 820 NW 1st Avenue is a studio with 0.0 baths and was built in 1955. The property's zip code is 55744 which is in Grand Rapids, 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 4/30/2024.

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820 NW 1st Avenue

Commercial Property for sale in Grand Rapids, MN

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