$300,000
$325,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
0.38 Acres Lot
SOLD DATE : 09/30/2025
Key Details
Sold Price $300,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Homeland Add
MLS Listing ID 6745734
Sold Date 09/30/25
Year Built 1986
Annual Tax Amount $5,824
Tax Year 2025
Contingent None
Lot Size 0.380 Acres
Lot Dimensions 125X133X125X133
Property Description
Prime Commercial Property on Hwy 61-Income-Producing Investment Opportunity
Excellent investment opportunity with strong income potential! This versatile commercial property features two leased units: one currently operating as a tanning salon, and the other occupied by a small church. Both tenants are on month - to - month leases and currently cover all expenses, making this a hassle free income generator.
Located just off Highway 61, the property boasts high visibility and easy access, surrounded by other thriving businesses and commercial activity.
Highlights:
Two-unit commercial building
Current tenants: tanning salon and small church
Tenants pay all expenses
Month to month leases offer flexibility
High-traffic location off Hwy 61
Close to numerous commercial amenities.
Location
State MN
County Goodhue
Zoning Business/Commercial
Rooms
Basement Block
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance None
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate, Heating Separate
Roof Type Age Over 8 Years
Present Use Professional Service,Retail
Building
Lot Description Irregular Lot
Story One
Foundation 3000
Sewer City Sewer - In Street
Water City Water/Connected
Level or Stories One
Structure Type Metal Siding
Schools
School District Red Wing
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