1000 Craig Avenue Tracy, MN ^$ 300,000

1000 Craig Avenue

^$ 300,000

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1000 Craig Avenue

Tracy, MN, 56175

^$ 300,000

Studio Baths0.0 Sq 7,911

Monthly Estimate*

^$ 2,096

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Studio

Commercial Property for sale in Tracy, MN

for $300,000. This 7,911 square foot building was built in 1920 on a lot size of 2.1.

High return on investment opportunity! 26 units plus a 3 bedroom home, just 25 minutes from Marshall and in a location that needs housing, right on US Hwy 14! Use for short term or long term rentals, furnished or unfurnished. Property overall is in great shape with many recent updates and has been well maintained over the years. Huge income potential plus current contract with Canadian Pacific Railroad.

Commercial Active

Price

^$ 300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 6,656

Style

Lot Size

2.1

Year Built

1920

Town/City

Tracy

County/Region

Lyon

MLS | Web ID

6502871

Features

General

Sewer City Sewer/Connected

Heating Baseboard

Cooling Central Air Window Unit(s)

Utilities Electric Common Heating Common Hot Water Common

Roof Metal

Appliances Microwave

Garage Spaces 0

Construction Materials Vinyl Siding

Year Built 1920

Levels One

Tax Year 2023

Current Use Hotel/Motel Residential

Accessibility Wheelchair Ramp(s) Roll-In Shower

County Lyon

Property Type Commercial Sale

Contingency None

Possible Use Office Other Professional Service Investment Motel/Hotel

Directions North side of Craig Ave.

City Tracy

Buyer Agent Compensation 2.00

High School District Tracy Area

Zoning Description Business/Commercial

Total Units 26

Street Name Craig

Land Lease Y/N N

Tax Annual Amount 6656

Additional Parcels Y/N N

Days on Market 2

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Interior

Basement Block Owner Access Partial Storage Space

Basement (Y/N) Y

Street Suffix Avenue

Foundation Dimensions 190x190x26x170x170

Fuel Electric

Exterior

Parking Features Guest Parking Parking Lot Open

Water Source City Water/Connected

Inclusions Building Leases

Lot Size Area 2.1

Building Area Total 7911

Lot Dimensions 217x154x217x154

Lot Size Units Acres

Foundation Area 7911

Road Frontage Type Highway

Internal Only

Street Number 1 1000

* Excluded Features

List By

Edina Realty, Inc.

Broker

taraonken@edinarealty.com

Affordability Calculator

$2,650

Per Month

Monthly Principal & Interest: $2,096
Monthly Property Taxes: $555
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 Tracy, MN

Average List Price ^$160,000

Percent of Sale Price 47%

About Tracy, MN

1,966 Population

-12% Since 2002

^$42,571 Median Income

38.6 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048571 Elementary School

3048440 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/14/2024	$300,000		Listed Price

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1000 Craig Avenue, Tracy, MN, 56175 is a Commercial Property for sale at $300,000 with 7,911 sqft and a lot size of 2.1. 1000 Craig Avenue is a studio with 0.0 baths and was built in 1920. The property's zip code is 56175 which is in Tracy, 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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1000 Craig Avenue

Commercial Property for sale in Tracy, MN

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