116 N Broadway Avenue Gilbert, MN $ 130,000
116 N Broadway Avenue
$ 130,000
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116 N Broadway Avenue

Gilbert, MN, 55741
$ 130,000
Baths0.0 Sq 1,464

Monthly Estimate*

$ 864

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Studio

Commercial Property for sale in Gilbert, MN

for $130,000. This 1,464 square foot building was built in 1908 on a lot size of 0.13.

Ever thought about owning your own business? There's never been a better time! Incredible income property, featuring a free standing downtown location and a self-serve laundromat with all the equipment for immediate operation and income. Additionally, the property features (2) residential rental opportunities for supplemental income. (Currently not habitable) and a full basement for equipment storage. Parcel also includes an adjoining asphalt parking lot, with space for 8-10 vehicles. This listing can be sold individually or in conjunction with the Northside laundry in Virginia. Financials available with commercial confidentiality and non-disclosure agreement. See in documents!

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Commercial Active

Price

$ 130,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,034

Style

Lot Size

0.13

Year Built

1908

Town/City

Gilbert

County/Region

Saint Louis

MLS | Web ID

6509784

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling None
Utilities None
Roof Asphalt Rubber
Garage Spaces 0
Construction Materials Steel Siding
Year Built 1908
Topography Level
Levels Two
Tax Year 2024
Current Use Laundromat
Accessibility Accessible for Hearing-Impairment Partially Wheelchair
County St. Louis
Property Type Commercial Sale
Contingency Subject to Financing
Subdivision Name Gilbert
Directions From Twin Cities I 35 to State Hwy 33 N. to US Hwy 53 to E State Hwy 37 to address.
City Gilbert
Buyer Agent Compensation 2.00
High School District Eveleth-Gilbert
Zoning Description Business/Commercial
Total Units 2
Street Name Broadway
Land Lease Y/N N
Tax Annual Amount 1034
Additional Parcels Y/N N
Days on Market 58
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement 8 ft+ Pour Full
Basement (Y/N) Y
Street Suffix Avenue
Ceiling Height 11-15
Foundation Dimensions 24x61
Fuel Natural Gas
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Exterior
Parking Features Asphalt
Water Source City Water/Connected
Inclusions Building Business Assets Business Fixture/Equipment Inventory Land
Lot Size Area 0.13
Building Area Total 1464
Lot Dimensions 50x110
Lot Size Units Acres
Foundation Area 1464
Road Frontage Type City Street State Road
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Edina Realty, Inc.

Broker

greghoffman@edinarealty.com

Email

Affordability Calculator

$950
Per Month
91%
9%
0%
Monthly Principal & Interest
$864
Monthly Property Taxes
$86
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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
THE TIME TO SELL IS NOW!
Nearby
709271 Elementary School
708635 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2024$130,000 Listed Price

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116 N Broadway Avenue, Gilbert, MN, 55741 is a Commercial Property for sale at $130,000 with 1,464 sqft and a lot size of 0.13. 116 N Broadway Avenue is a studio with 0.0 baths and was built in 1908. The property's zip code is 55741 which is in Gilbert, MN