907 Marshall Avenue Henning, MN $ 497,500
907 Marshall Avenue
$ 497,500
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907 Marshall Avenue

Henning, MN, 56551
$ 497,500
Baths0.0 Sq 14,911

Monthly Estimate*

$ 3,475

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Studio

Commercial Property for sale in Henning, MN

for $497,500. This 14,911 square foot building was built in 1960 on a lot size of 2.91.

This 15,000 square foot building was formerly a nursing home but most recently was used for one bedroom housing. It has 30 single room units, some with shared baths, and some with private baths. There is a full commercial kitchen, two common areas, an office, utility room, and a front desk area. This building could be used for a nursing home, veterans home, assisted living, offices, daycare, or rental units. It is handicap accessible, has a sprinkler system and a Cummings generator. Large 2.91 acre yard, a pavilion and a patio area provides a lot of great outdoor space.

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Commercial Active

Price

$ 497,500

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,494

Style

Business

Lot Size

2.91

Year Built

1960

Town/City

Henning

County/Region

Otter Tail

MLS | Web ID

6452274

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common Heating Common Hot Water Common
Roof Flat
Garage Spaces 2
Construction Materials Stucco
Year Built 1960
Levels One
Property SubType Business
Tax Year 2024
Current Use Commercial Residential
Gross Income 180000
Accessibility No Stairs External Roll-In Shower
County Otter Tail
Operating Expense 54000
Insurance Expense 13200
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned Concrete Floors & Walls Fire Sprinkler System
Contingency None
Directions From Douglas south onto Marshall in henning
City Henning
Buyer Agent Compensation 2.25
High School District Henning
Zoning Description Business/Commercial
Total Units 30
Street Name Marshall
Land Lease Y/N N
Tax Annual Amount 6494
Additional Parcels Y/N N
Days on Market 173
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Block
Basement (Y/N) Y
Street Suffix Avenue
Foundation Dimensions 14911
Fuel Natural Gas
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Exterior
Parking Features Detached Parking Lot
Water Source City Water/Connected
Inclusions Building
Lot Size Area 2.91
Building Area Total 14911
Lot Dimensions 2.91
Lot Size Units Acres
Foundation Area 14911
Road Frontage Type Paved Streets
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 907
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* Excluded Features
List By
Centennial Realty

Broker

bdykhoff2@gmail.com

Email

Affordability Calculator

$4,016
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,475
Monthly Property Taxes
$541
Monthly 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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The time to sell is now
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Nearby
708857 Elementary School
709402 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2024$497,500 -7.87% Price Down
2/21/2024$540,000 -3.57% Price Down
1/3/2024$560,000 -5.08% Price Down
10/26/2023$590,000 Listed Price

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907 Marshall Avenue, Henning, MN, 56551 is a Commercial Property for sale at $497,500 with 14,911 sqft and a lot size of 2.91. 907 Marshall Avenue is a studio with 0.0 baths and was built in 1960. The property's zip code is 56551 which is in Henning, MN