200 NE Hwy 1 Effie, MN $ 225,900
200 NE Hwy 1
$ 225,900
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200 NE Hwy 1

Effie, MN, 56639
$ 225,900
Bedrooms8 Baths6.0 Sq 4,492

Monthly Estimate*

$ 1,560

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Commercial Property for sale in Effie, MN

for $225,900 with 8 bedrooms and 6 full baths. This 4,492 square foot building was built in 1962 on a lot size of 0.51.

Investment opportunity in Effie! This well-maintained six-unit apartment complex sits on .51 acres along Hwy 1 and offers a strong, established rental history. Currently fully occupied, the property has several long-term tenants with all units on month-to-month leases. Apartments are nicely updated and well cared for, with the efficiency unit typically seeing the most turnover. Property features include a new shingled roof, flat roofs replaced approximately two years ago, shared coin-operated laundry, patio area, raised garden beds, and ample parking with designated spaces and electrical plug-ins. Utilities are included in the rent, while tenants are responsible for their own TV and internet. With a history of excellent occupancy and consistent tenant demand, this is an attractive income-producing asset for investors. Financial information available upon request to pre-qualified buyers.

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Commercial Active

Price

$ 225,900

Bedrooms

8

Full Bath

6

Property Type

Commercial

Taxes

$ 1,399

Style

Lot Size

0.51

Year Built

1962

Town/City

Effie

County/Region

Itasca

MLS | Web ID

7141188

Features
General
Sewer City Sewer/Connected
Heating Baseboard Forced Air
Cooling Central Air
Utilities Electric Common Heating Common Hot Water Common
Roof Architectural Shingle Flat Metal
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Brick Frame
Year Built 1962
Tenant Pays Broadband Cable TV Insurance Telephone
Levels Two
Tax Year 2026
Current Use Residential
Gross Income 0
Accessibility None
County Itasca
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 0
Directions Hwy 38 N to Effie. Right on State Hwy 1 to property on Left.
City Effie
High School District Grand Rapids
Zoning Description Residential-Multi-Family
Number Of Units Total 6
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 1399
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Finished
Basement (Y/N) Y
Total Bedrooms 8
Total Baths 6
Fuel Electric Propane
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Exterior
Parking Features Parking Lot
Water Source Drilled
Inclusions Building Business Fixture/Equipment Land Leases
Lot Size Area 0.51
Building Area Total 4492
Lot Dimensions .51 acres
Waterfront Y/N N
Foundation Area 2256
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Internal Only
Street Number 1 200
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* Excluded Features
List By
Coldwell Banker Northwoods

Broker

grandrapidsteam@gmail.com

Email

Affordability Calculator

$1,677
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,560
Monthly Property Taxes
$117
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
708396 Elementary School
708989 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/10/2026$225,900 Listed Price

Map


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200 NE Hwy 1, Effie, MN, 56639 is a Commercial Property for sale at $225,900 with 4,492 sqft and a lot size of 0.51. 200 NE Hwy 1 has 8 bedrooms, 6.0 baths, and was built in 1962. The property's zip code is 56639 which is in Effie, MN