102 2nd Avenue NE Little Falls, MN ^$ 425,000

102 2nd Avenue NE

^$ 425,000

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102 2nd Avenue NE

Little Falls, MN, 56345

^$ 425,000

Studio Baths0.0 Sq 6,988

Monthly Estimate*

^$ 2,969

102 2nd Avenue NE, Little Falls, MN 56345 - Image 1

102 2nd Avenue NE, Little Falls, MN 56345 - Image 2

102 2nd Avenue NE, Little Falls, MN 56345 - Image 3

102 2nd Avenue NE, Little Falls, MN 56345 - Image 4

102 2nd Avenue NE, Little Falls, MN 56345 - Image 5

102 2nd Avenue NE, Little Falls, MN 56345 - Image 6

102 2nd Avenue NE, Little Falls, MN 56345 - Image 7

102 2nd Avenue NE, Little Falls, MN 56345 - Image 8

102 2nd Avenue NE, Little Falls, MN 56345 - Image 9

102 2nd Avenue NE, Little Falls, MN 56345 - Image 10

102 2nd Avenue NE, Little Falls, MN 56345 - Image 11

102 2nd Avenue NE, Little Falls, MN 56345 - Image 12

Studio

Commercial Property for sale in Little Falls, MN

for $425,000. This 6,988 square foot building was built in 1907 on a lot size of 0.19.

Great investment opportunity, easy to manage, great financials. This 11 plex is located within walking distance of downtown and the Mississippi River. Newer roof, updates to most units over time, very low vacancy rate. Opportunities like this don't come available often. An awesome addition to any investors portfolio!

Commercial Pending

Price

^$ 425,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,198

Style

Apartment

Lot Size

0.19

Year Built

1907

Town/City

Little Falls

County/Region

Morrison

MLS | Web ID

6496015

Features

General

Sewer City Sewer/Connected

Heating Boiler Hot Water

Utilities Electric Common Heating Common

Roof Age 8 Years or Less Asphalt

Garage Spaces 0

Construction Materials Brick/Stone Stucco

Year Built 1907

Topography Level

Levels Two

Property SubType Apartment

Tax Year 2023

Current Use Residential

Accessibility None

County Morrison

Property Type Commercial Sale

Contingency None

Subdivision Name Original Little Falls

Possible Use Investment

Directions From broadway (hwy 27) turn north onto 1st st NE and go 2 blocks and take a right onto 2nd ave NE in half a block property will be on the right (South) side.

City Little Falls

Buyer Agent Compensation 2.40

High School District Little Falls

Zoning Description Business/Commercial

Total Units 11

Street Name 2nd

Land Lease Y/N N

Tax Annual Amount 4198

Additional Parcels Y/N N

Days on Market 29

Standard Status Pending

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Gravel On-Street Parking Only

Water Source City Water/Connected

Inclusions Building Business Assets Land Leases

Lot Size Area 0.19

Building Area Total 6988

Lot Dimensions 101x81

Lot Size Units Acres

Foundation Area 3494

Interior

Basement (Y/N) N

Street Suffix Avenue

Fuel Natural Gas

Internal Only

Street Number 1 102

* Excluded Features

List By

Edina Realty, Inc.

Broker

travisjohnson@edinarealty.com

Affordability Calculator

$3,319

Per Month

Monthly Principal & Interest: $2,969
Monthly Property Taxes: $350
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 Little Falls, MN

Average List Price ^$256,010

Percent of Sale Price 40%

About Little Falls, MN

8,850 Population

2% Since 2002

^$39,111 Median Income

40.86 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708302 Elementary School

709039 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/29/2024	$425,000		Listed Price

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102 2nd Avenue NE, Little Falls, MN, 56345 is a Commercial Property for sale at $425,000 with 6,988 sqft and a lot size of 0.19. 102 2nd Avenue NE is a studio with 0.0 baths and was built in 1907. The property's zip code is 56345 which is in Little Falls, 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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102 2nd Avenue NE

Commercial Property for sale in Little Falls, MN

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