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Price: $129,900
Owners: Rose & Neil Mangen
Location: 229 Main St W - Sleepy eye, MN
MLS#: RASM 123866 Northstar 3899973
Main Floor: 5780 sp ft retail/office space. Front E room 71x23.5 w/half bath & plate glass window. Front W room 59.5x23.5. Rear W room 38.5x24. Rear E room 29x23.5. Rear of main floor has 24x30 shop space w/over head door and concrete loading dock in alley. Could be separated into several businesses, combination of business & residence or w/conditional use approval 4 additional resident rental units. Main floor has separate hot water heaters, 1 for each half. West half of main floor has central air.
Second Floor: has 3-2 bedroom apartments, 1 studio apartment and 1 apartment w/possible 3 bedrooms. apartments have kitchen w/refrigerator & stove, window a/c, hot water heat & full bath. Rent includes heat & 1 stall garage. Renter pays their won electric & garbage. There is a balcony at the back of the building above the main floor shop & a clothes drier.
Basement, Garage & Utilities: Block foundation w/large open area used as rental storage space. Basement has drive down access from back alley for vehicle storage. Natural gas boiler for hot water heat. City water & sewer & a working cistern. Tin roof was new in 2008. 4 stall garage in back w/alley access has over head door.
2009 Taxes: $1364.00
PID: 002.105.004.07.070
Income:
Rent '08
Retail Space $7200.00
Basement Storage $1090.00
Apt 1 $5400.00
Apt 2 $4800.00
Apt 3 $4800.00
Apt 4 $5400.00
Apt 5 $2400.00
Total '08 Rent $31,490.00
Rent '07
Retail Space $7200.00
Basement Storage $1090.00
Apt 1 $5400.00
Apt 2 $4800.00
Apt 3 $4800.00
Apt 4 $5400.00
Apt 5 $2400.00
Total '07 Rent $31,490.00
2008 Expenses:
Taxes $1486.00
Electric & Water $1770.72
Heat $5003.18
Insurance $1328.00
Total '08 Expenses $9,587.90
Note: The sellers and seller's agents have provided information to the best of their knowledge and are not responsible for any errors. This is a guide. Buyers are responsible and encouraged to collect their own information.
Listing Reatlors:
Heather Mangen
507-327-7189
&
Matt Mages, Broker
507-276-7002
Realtors:
Larry Mages 507-228-8352
Joe Maidl 507-276-7749
JC Chrest 612-269-6271
Amy Burns 507-766-3744
 
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