18 NE Schmitz Street Adams, MN $ 449,900
18 NE Schmitz Street
$ 449,900
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18 NE Schmitz Street

Adams, MN, 55909
$ 449,900
Bedrooms14 Baths8.0 Sq 6,411

Monthly Estimate*

$ 3,107

18 NE Schmitz Street, Adams, MN 55909 - Image 1
18 NE Schmitz Street, Adams, MN 55909 - Image 2
18 NE Schmitz Street, Adams, MN 55909 - Image 3
18 NE Schmitz Street, Adams, MN 55909 - Image 4
18 NE Schmitz Street, Adams, MN 55909 - Image 5
18 NE Schmitz Street, Adams, MN 55909 - Image 6
18 NE Schmitz Street, Adams, MN 55909 - Image 7
18 NE Schmitz Street, Adams, MN 55909 - Image 8
18 NE Schmitz Street, Adams, MN 55909 - Image 9
18 NE Schmitz Street, Adams, MN 55909 - Image 10

Commercial Property for sale in Adams, MN

for $449,900 with 14 bedrooms and 8 full baths. This 6,411 square foot building was built in 1979 on a lot size of 0.703.

Well-maintained 8-unit apartment building located in Adams. The property features a balanced unit mix of six 2-bedroom units and two 1-bedroom units. The building is configured with two separate coin-operated laundry rooms, one serving each section of the property. Electric utilities are separately metered, and electric heat is provided, allowing residents to manage their own utility usage. The property currently operates with on-site management, which is available to remain in place or may transition at the discretion of new ownership. Existing leases allow for 30-day notice to vacate following a change in ownership, offering operational flexibility.

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Commercial Active

Price

$ 449,900

Bedrooms

14

Full Bath

8

Property Type

Commercial

Taxes

$ 6,856

Style

Lot Size

0.703

Year Built

1979

Town/City

Adams

County/Region

Mower

MLS | Web ID

7006896

Features
General
Sewer City Sewer - In Street
Heating Baseboard
Cooling Wall Unit(s)
Utilities Electric Separate Heating Separate Hot Water Common
Roof Asphalt
Appliances Range Refrigerator
Garage Spaces 0
Year Built 1979
Tenant Pays Electricity Heat
Levels Two
Tax Year 2026
Current Use Residential
Gross Income 60300
Accessibility None
County Mower
Net Operating Income 50400
Operating Expense 9900
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 1025
Subdivision Name Mays 1st Add
Possible Use Office Motel/Hotel
Directions Go to Adams from MN-56 (Shooting Star Scenic Bywy) turn left onto Schmitz Street Property is across from Mill
City Adams
High School District Southland
Zoning Description Business/Commercial Residential-Multi-Family
Number Of Units Total 8
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 6856
Electric Expense 500
Fuel Expense 500
Trash Expense 5000
Water Sewer Expense 1500
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features Gravel
Water Source City Water - In Street
Inclusions Building Leases
Lot Size Area 0.703
Building Area Total 6411
Lot Dimensions 180x170
Waterfront Y/N N
Foundation Area 3072
Road Responsibility Public Maintained Road
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Interior
Basement (Y/N) N
Total Bedrooms 14
Total Baths 8
Fuel Natural Gas
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Internal Only
Street Number 1 18
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* Excluded Features
List By
Compass

Broker

geoffrey@serdarpartnersrealty.com

Email

Affordability Calculator

$3,679
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,107
Monthly Property Taxes
$571
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
2331284 Elementary School
2331285 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/11/2026$449,900 Listed Price

Map


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18 NE Schmitz Street, Adams, MN, 55909 is a Commercial Property for sale at $449,900 with 6,411 sqft and a lot size of 0.703. 18 NE Schmitz Street has 14 bedrooms, 8.0 baths, and was built in 1979. The property's zip code is 55909 which is in Adams, MN