115 W 3rd Street Frost, MN ^$ 249,000

115 W 3rd Street

^$ 249,000

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115 W 3rd Street

Frost, MN, 56033

^$ 249,000

Studio Baths0.0 Sq 22,000

Monthly Estimate*

^$ 1,739

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Studio

Commercial Property for sale in Frost, MN

for $249,000. This 22,000 square foot building was built in 1959 on a lot size of 1.

15 apartments & commercial units. Property was a former school converted into apartments. Frost is located 2 miles off I90. This property has a ton of potential but needs work.

Commercial Active

Price

^$ 249,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 8,034

Style

Lot Size

Year Built

1959

Town/City

Frost

County/Region

Faribault

MLS | Web ID

6484746

Features

General

Sewer City Sewer/Connected

Heating Baseboard

Cooling Wall Unit(s)

Utilities Electric Separate Hot Water Separate

Roof Age Over 8 Years Flat

Appliances Range Refrigerator

Garage Spaces 0

Construction Materials Brick/Stone

Year Built 1959

Tenant Pays Electricity Water

Topography Level

Levels Two

Tax Year 2022

Current Use Residential

Gross Income 59400

Accessibility None

Additional Parcels Description 260022100

County Faribault

Net Operating Income 30000

Operating Expense 30000

Insurance Expense 2500

Property Type Commercial Sale

Association Amenities Security

Contingency None

Directions I90 to 470th south to W 3rd St.

City Frost

Buyer Agent Compensation 2.50

High School District Blue Earth Area Schools

Zoning Description Business/Commercial Residential-Multi-Family

Total Units 15

Street Name 3rd

Land Lease Y/N N

Tax Annual Amount 8034

Electric Expense 1200

Fuel Expense 0

Trash Expense 4800

Additional Parcels Y/N Y

Days on Market 7

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Interior

Basement Crawl Space Partial

Basement (Y/N) Y

Street Suffix Street

Fuel Electric

Garage Square Feet 500

Exterior

Parking Features On-Street Parking Only

Lot Features Corner Lot Irregular Lot Tree Coverage - Light

Water Source City Water/Connected

Inclusions Building Fixture/Equipment Land Leases

Lot Size Area 1

Building Area Total 22000

Lot Dimensions irregular

Lot Size Units Acres

Foundation Area 11000

Road Frontage Type City Street

Internal Only

Street Number 1 115

* Excluded Features

List By

Re/Max Results

Broker

greg@results.net

Affordability Calculator

$2,409

Per Month

Monthly Principal & Interest: $1,739
Monthly Property Taxes: $670
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 Frost, MN

Average List Price ^$249,000

Percent of Sale Price 0%

About Frost, MN

148 Population

-18% Since 2002

^$65,227 Median Income

50.9 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1701612 Elementary School

1701613 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
2/2/2024	$249,000		Listed Price

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115 W 3rd Street, Frost, MN, 56033 is a Commercial Property for sale at $249,000 with 22,000 sqft and a lot size of 1. 115 W 3rd Street is a studio with 0.0 baths and was built in 1959. The property's zip code is 56033 which is in Frost, 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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115 W 3rd Street

Commercial Property for sale in Frost, MN

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