867 State Highway 22 Minnesota Lake, MN ^$ 1,250,000

867 State Highway 22

^$ 1,250,000

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867 State Highway 22

Minnesota Lake, MN, 56068

^$ 1,250,000

Studio Baths0.0 Sq 1,500

Monthly Estimate*

^$ 8,732

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Studio

Commercial Property for sale in Minnesota Lake, MN

for $1,250,000. This 1,500 square foot building was built in 1989 on a lot size of 0.33.

Take a look at this cash flowing property in Minnesota Lake, just south of Mankato. Walk in cooler condenser was replaced in 2023, chicken broaster added in 2023, store was completely remodeled in 2021. Large kitchen, brand new bathroom, and new canopy over gas pumps. True cash flowing operation. Includes three parcels.

Commercial Pending

Price

^$ 1,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,109

Style

Business

Lot Size

0.33

Year Built

1989

Town/City

Minnesota Lake

County/Region

Faribault

MLS | Web ID

6482612

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Cooling Central Air

Utilities Electric Common Heating Common

Roof Asphalt

Garage Spaces 0

Construction Materials Metal Siding

Year Built 1989

Levels One

Property SubType Business

Tax Year 2023

Current Use Professional/Office

Accessibility Fully Wheelchair

County Faribault

Property Type Commercial Sale

Contingency None

Subdivision Name Milwaukee Land Cos First Add

Directions FROM MANKATO TAKE HWY 22 SOUTH TOWARDS MINNESOTA LAKE. UPON ENTERING MINNESOTA LAKE THE BUSINESS IS ON THE LEFT SIDE AT THE CORNER OF HWY 22 AND HWY 20(9TH AVE)

City Minnesota Lake

Buyer Agent Compensation 3.00

High School District Maple River

Zoning Description Business/Commercial

Total Units 1

Street Name State Highway 22

Land Lease Y/N N

Tax Annual Amount 1109

Additional Parcels Y/N N

Days on Market 65

Standard Status Pending

Lender Owned No

Amenities Unit Security System

Buyer Agent Compensation Type %

Interior

Basement None

Basement (Y/N) N

Foundation Dimensions 1500

Fuel Electric

Exterior

Parking Features Open

Water Source City Water/Connected

Inclusions Building Business Assets Business Fixture/Equipment Inventory Land

Lot Size Area 0.33

Building Area Total 1500

Lot Dimensions 196x172

Lot Size Units Acres

Foundation Area 1500

Road Frontage Type State Road

Internal Only

Street Number 1 867

* Excluded Features

List By

True Real Estate

Broker

mark@truerealestatemn.com

Affordability Calculator

$8,824

Per Month

Monthly Principal & Interest: $8,732
Monthly Property Taxes: $92
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 Minnesota Lake, MN

Average List Price ^$1,250,000

Percent of Sale Price 0%

About Minnesota Lake, MN

670 Population

-1% Since 2002

^$52,295 Median Income

42.93 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048786 Elementary School

3048289 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/30/2024	$1,250,000		Listed Price

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867 State Highway 22, Minnesota Lake, MN, 56068 is a Commercial Property for sale at $1,250,000 with 1,500 sqft and a lot size of 0.33. 867 State Highway 22 is a studio with 0.0 baths and was built in 1989. The property's zip code is 56068 which is in Minnesota Lake, 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 4/28/2024.

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867 State Highway 22

Commercial Property for sale in Minnesota Lake, MN

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