111 N Rum River DR, Princeton, MN 55371 - Diane Schreifels

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Diane Schreifels

diane@amerivest.realestate +1(651) 775-7529

$ 238,000

Est. payment | -/mo

3,920 Sqft Lot

Save

$ 238,000

Est. payment | -/mo

Save

3,920 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Princeton - Original Townsite

MLS Listing ID 6819095

Year Built 1893

Annual Tax Amount $2,260

Tax Year 2025

Contingent None

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 26x148

Property Description

Rare cash-flowing investment opportunity in Uptown Princeton! This solid multi-use commercial building features two upper-level apartments and a fully operational main-level + lower-level retail/office space. Offering approx. 5,850 sq ft, the building includes a private 6-8 stall parking lot - an uncommon find on Main Street. Interior highlights include 13 ft main-level ceilings with copper tin accents, original wood floors, handicap-accessible bathroom, glass entry doors, and a dry usable lower level with tall ceilings. Recent updates include a 2007 rubber roof (under warranty), separate electrical services (100 amp for apartments, 400 amp for commercial), AC systems, air handler, boiler heat, and supplemental eclectic baseboard. Strong visibility just off Hwy 169 with excellent pedestrian and vehicle traffic. Perfect for owner-occupants looking for retail/office space, or investors seeking stable multi-unit income. A well-maintained and versatile property in a prime location!

Location

State MN

County Mille Lacs

Zoning Business/Commercial

Rooms

Basement Block, Finished, Full

Interior

Heating Baseboard, Boiler, Hot Water

Cooling Window Unit(s)

Inclusions Building, Land, Leases

Fireplace No

Appliance Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Exterior

Parking Features Other, Paved, Open

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Roof Type Age Over 8 Years,Flat,Rubber

Present Use Residential,Retail

Building

Story Two

Foundation 1950

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Block,Brick/Stone,Metal Siding,Steel Siding

Schools

School District Princeton

Listed by Harlan Kartak • Edina Realty, Inc.