112 Center Street NE Preston, MN ^$ 425,000

112 Center Street NE

^$ 425,000

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112 Center Street NE

Preston, MN, 55965

^$ 425,000

Studio Baths0.0 Sq 5,765

Monthly Estimate*

^$ 2,969

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Studio

Commercial Property for sale in Preston, MN

for $425,000. This 5,765 square foot building was built in 2000 on a lot size of 0.34.

Opportunity Awaits! Trailhead Inn is open year-round and is located in the heart of Preston along the state bike trail, near the Root River. Offering a total of 11 modern rooms with 6 standard double queen, 4 standard single queen and 1 King jacuzzi suite. Onsite ice cream, snack, coffee shop for added income and a place to gather. Nice clean and updated rooms with excellent parking out the front door. Guests come to enjoy the beautiful outdoors, biking, fishing, canoeing, hiking, kayaking and golfing. A great place for people to stay when in town for a wedding or visiting a loved one at the VA Hospital. The same owners have successfully run the business since 1995. Great opportunity to own an established turn-key and profitable business!

Commercial Active

Price

^$ 425,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,088

Style

Business

Lot Size

0.34

Year Built

2000

Town/City

Preston

County/Region

Fillmore

MLS | Web ID

6443004

Features

General

Sewer City Sewer/Connected

Heating Ductless Mini-Split

Cooling Ductless Mini-Split

Utilities Electric Common Heating Separate

Roof Age 8 Years or Less Metal Pitched

Appliances Microwave Refrigerator

Garage Spaces 0

Construction Materials Log Siding

Year Built 2000

Tenant Pays None

Topography Level

Levels One

Property SubType Business

Tax Year 2024

Current Use Hotel/Motel

Accessibility No Stairs Internal

County Fillmore

Property Type Commercial Sale

Association Amenities Deck

Contingency None

Subdivision Name Barbara Kaerchers Add

Directions Hwy 52 to Preston; South on St. Paul Street (CR 17) turns into St. Anthony Avenue; East on Fillmore Street (Cr 12) to Trailhead Inn.

City Preston

Buyer Agent Compensation 2.50

High School District Fillmore Central

Zoning Description Business/Commercial

Total Units 11

Street Name Center

Land Lease Y/N N

Tax Annual Amount 5088

Additional Parcels Y/N N

Days on Market 196

Standard Status Active

Lender Owned No

Amenities Unit Cable Ceiling Fan(s) Deck

Buyer Agent Compensation Type %

Interior

Basement None

Basement (Y/N) N

Street Suffix Street

Fuel Electric

Exterior

Parking Features Paved

Lot Features Property Adjoins Public Land

Water Source City Water/Connected

Inclusions Building Fixture/Equipment Other

Lot Size Area 0.34

Building Area Total 5765

Lot Dimensions 62.5x240

Lot Size Units Acres

Foundation Area 6056

Road Frontage Type City Street Paved Streets

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 112

* Excluded Features

List By

Elcor Realty Of Rochester Inc.

Broker

homes@timdanielson.com

Affordability Calculator

$3,393

Per Month

Monthly Principal & Interest: $2,969
Monthly Property Taxes: $424
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 Preston, MN

Average List Price ^$425,000

Percent of Sale Price 0%

About Preston, MN

1,091 Population

-7% Since 2002

^$47,808 Median Income

42.96 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048646 Elementary School

3048576 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/3/2023	$425,000		Listed Price

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112 Center Street NE, Preston, MN, 55965 is a Commercial Property for sale at $425,000 with 5,765 sqft and a lot size of 0.34. 112 Center Street NE is a studio with 0.0 baths and was built in 2000. The property's zip code is 55965 which is in Preston, 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 4/27/2024.

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112 Center Street NE

Commercial Property for sale in Preston, MN

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