Courtesy: Brick & Banister Real Estate
612-481-2520
Right off I-35 in Pine City, this mixed-use building is already generating income and still has room to run. At $299,000 with a fully occupied gross monthly income of $5,300, the math works. The main level offers a professionally finished commercial suite with a lobby, three private offices, and a large gathering room that flexes well for meetings, classes, training, or events. One commercial tenant is already in place, with remaining office and gathering space ready for a new occupant. Office suites lease at $600/month and the gathering room at $1,800/month. The lower level includes a clean, updated one-bedroom apartment currently vacant and ready to rent at approximately $1,100/month, plus an unfinished area with real potential: convert it to a second apartment and add another income stream, or finish it as additional commercial space. Two private garages complete the picture, one currently rented at $300/month, one available. The lot parks 12 cars, and the location is walkable to nearby businesses and amenities, which matters for any commercial tenant bringing clients or staff through the door daily. This works for the business owner who wants a professional home base and wants the building to help pay for itself, and it works equally well for the cash flow investor ready to lease the full commercial level and let the numbers do the work. The layout supports both strategies and the upside on that unfinished lower level is real. The seller is open to creative financing and willing to carry a portion, which makes an already accessible price point even more flexible. Well maintained, updated throughout, and priced to move.
Courtesy: RE/MAX Advantage Plus
952-470-7600
This property lies amongst mature trees with beautiful views of the popular Pokegama Lake/.72 acre site with historic brick building. Eagles soaring, tranquil beauty all around! It's a total rehab project. The property offers access to community well, city sewer, views of Lake Pokegama and across the street is the back waters of the Snake River which connects to the Lake. Great location, centrally located between the metro area and Duluth just off of Interstate 35 just west of Pine City, and near many recreational lakes for fishing and water sports. Boat landing 2 blks away! Come with your ideas for renovation of this unique building. Senior Rental or a Multifamily Rental? Sold AS IS. It was built as a Sanatorium in 1920.Current zoning is High Density Residential and commercia.Full disclosure, there are no actual Bed RM's, and plumbing is in however no bathrooms. Entire bldg is a clean slate to create your dream. Agent to Verify all measurements. Enter the building at your own risk.
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Pine City is located in Minnesota. Pine City, Minnesota has a population of 3,142. Pine City is less family-centric than the surrounding county with 19.94% of the households containing married families with children. The county average for households married with children is 24.36%.
The median household income in Pine City, Minnesota is $43,686. The median household income for the surrounding county is $59,840 compared to the national median of $69,021. The median age of people living in Pine City is 42.5 years.
The average high temperature in July is 80.9 degrees, with an average low temperature in January of 0.1 degrees. The average rainfall is approximately 31.5 inches per year, with 49.1 inches of snow per year.
