$317,777

209 N Rum River Dr

Princeton MN, 55371

Description

Great investment opportunity. This fully leased mixed-use building, in downtown Princeton, has five commercial units and one 2-bedroom apartment with stable, long-term tenants. The building has 7,180sf of commercial space on the main level, which is spread between four office spaces and a shop with a large overhead door; the 960sf 2-bedroom apartment takes up the second floor overlooking Rum River Dr.; and the basement unfinished and consists of 1,200sf. The building has amazing tenant longevity with the average occupancy of the current tenants being almost 7 years, with years more still expected.

Details

MLS#5264566
Listing TypeFor Sale
Sub-TypeResale
StatusACT
Year1916
Days On Site465

Features

SQ Feet8,140
Story(s)1
Units6
ZoningBusiness/Commercial

Market Activity 55371

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Area Information
StateMN
CountyMille Lacs
CityPrinceton
Zip Code55371
AreaPrinceton (MN)
Listing VS Median (in 55371)
Price:
$317,777
low | high
Med:
$317,777
50% of Average
SqFt:
8,140
low | high
Med:
8,140
50% of Average
$ / SqFt:
$39
low | high
Med:
$39
50% of Average
On Site:
465
low | high
Med:
465
100% of Average
Listing Updated: 05/13/2020
Ron Touchette LogoMLS Number: 5264566
Listing Provided By:
Ron Touchette  of  ROCK SOLID Companies

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