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212 NE 3rd Avenue Grand Rapids, MN $ 2,080,000
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$ 2,080,000 Get more info
212 NE 3rd Avenue
$ 2,080,000
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212 NE 3rd Avenue

Grand Rapids, MN, 55744
$ 2,080,000
Baths0.0 Sq 14,098

Monthly Estimate*

$ 13,824

212 NE 3rd Avenue, Grand Rapids, MN 55744 - Image 1
Studio

Commercial Property for sale in Grand Rapids, MN

for $2,080,000. This 14,098 square foot building was built in 1975 on a lot size of 0.46.

32 unit apartment building located in the heart of Grand Rapids, excellent predictable cash flow in growing community with high demand for apartments. Newer roof, newer furnace, updated windows. 17 1BR units, 11 efficiency units, 2 2BR units & 2 3BR units. On site laundry.

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Commercial Active

Price

$ 2,080,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,663

Style

Apartment

Lot Size

0.46

Year Built

1975

Town/City

Grand Rapids

County/Region

Itasca

MLS | Web ID

6544007
Features
General
Sewer City Sewer/Connected
Heating Boiler Hot Water
Cooling None
Utilities Electric Separate Heating Common Hot Water Common
Roof Asphalt
Appliances Dryer Refrigerator Washer
Garage Spaces 0
Construction Materials Brick/Stone Stucco
Year Built 1975
Tenant Pays Cable TV
Levels Three Or More
Property SubType Apartment
Tax Year 2024
Current Use Residential
Gross Income 25246
Accessibility None
County Itasca
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned
Contingency None
Subdivision Name Town Of Grand Rapids Minn
Directions Take NE 4th St to NE 3rd Ave. Turn right onto NE 3rd Ave. Destination on the left.
City Grand Rapids
Buyer Agent Compensation 2.00
High School District Grand Rapids
Zoning Description Residential-Multi-Family
NumberOfUnitsTotal 32
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 11663
Additional Parcels Y/N N
Days on Market 7
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Full
Basement (Y/N) Y
Fuel Natural Gas
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Exterior
Parking Features Parking Lot
Water Source City Water/Connected
Inclusions Building Leases
Lot Size Area 0.46
Building Area Total 14098
Lot Dimensions 150x135
Foundation Area 7127
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Internal Only
Street Number 1 212
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* Excluded Features
List By
Grand Properties Real Estate

Broker

j_sheiman@yahoo.com

Email

Affordability Calculator

$14,796
Per Month
93%
7%
0%
Monthly Principal & Interest
$13,824
Monthly Property Taxes
$972
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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Nearby
708396 Elementary School
708989 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/29/2024$2,080,000 Listed Price

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212 NE 3rd Avenue, Grand Rapids, MN, 55744 is a Commercial Property for sale at $2,080,000 with 14,098 sqft and a lot size of 0.46. 212 NE 3rd Avenue is a studio with 0.0 baths and was built in 1975. The property's zip code is 55744 which is in Grand Rapids, MN

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