$65,000
Thief River Falls, MN 56701
MLS# 6487402
Status: Closed
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Property Description
Downtown commercial building estimated to be built in 1920 with an addition to the front of the building estimated in 1968. Rubber roof and foam insulation in 1998 according to public records. Furnace and AC unit estimated 2004 by prior owner. Current tenant pays all utilities. Only expense noted for 2023 was taxes. insurance and minimal maintenance. Contact your Realtor to obtain additional information in regard to profit and loss. Check out this property with good returns.
Details
Maps
None
MLSID: RMLS
Contract Information
Digitally Altered Photos: No
Status: Closed
Off Market Date: 2024-02-20
Current Price: $65,000
Closed Date: 2024-04-29
Sales Close Price: 65000
Contingency: None
ListPrice: 110000
List Date: 2024-02-12
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: NWMAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1920
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 1600
For Sale or Lease: For Sale
Acres: 0.03
Lot Dimensions: 16 X 100
Location, Tax and Other Information
Legal Description: ORIGINAL TOWNSITE OF THIEF RIV E 16' OF W 88' OF LOTS 21 THRU 24 BLK 29 **See Documents for full legal description**
Listing City: Thief River Falls
Map Page: 999
Municipality: Thief River Falls
Rental License?: No
School District Phone: 218-681-8711
House Number: 105
Street Name: 3rd
Street Suffix: Street
Street Direction Suffix: E
Postal City: Thief River Falls
County: Pennington
State: MN
Zip Code: 56701
Zip Plus 4: 4510
Property ID Number: R2500324190
Complex/Dev/Subdivision: Thief River Falls
Tax Year: 2023
Tax Amount: 1168
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Downtown commercial building estimated to be built in 1920 with an addition to the front of the building estimated in 1968. Rubber roof and foam insulation in 1998 according to public records. Furnace and AC unit estimated 2004 by prior owner. Current tenant pays all utilities. Only expense noted for 2023 was taxes. insurance and minimal maintenance. Contact your Realtor to obtain additional information in regard to profit and loss. Check out this property with good returns.
Directions: #rd St E - on the North side of the Street
Assessments
Tax With Assessments: 1168
Basement
Foundation Dimensions: 16 X 100
Building Information
Building Finished SqFt: 1600
Building SqFt: 3200
Income and Expenses
Annual Gross Expenses: 2137
Annual Gross Income: 9000
Annual Insurance Expense: 769
Annual Maintenance Expense: 200
Annual Net Income: 7063
Total Annual Expenses: 1937
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Land
Unit 1
Unit Number: 1
Unit Details
Total Units: 1
Property Features
Accessible: None
Air Conditioning: Central
Amenities Shared: None
Basement: Full
CMU Style: Mixed Use
Construction Status: Previously Owned
Current Use: Retail
Exterior: Brick/Stone
Financing Terms: Contract For Deed
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Location Description: Downtown
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: HVAC Maintenance; Insurance; Maintenance/Repair; Taxes
Parking Characteristics: On-Street Parking Only
Potential Use: Office; Other; Restaurant; Retail; Shop
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Rubber
Sewer: City Sewer/Connected
Stories: One
Tenant Pays: All Utilities; Janitorial Service; Telephone
Wall Description: Drywall
Water: City Water/Connected
Window Features: Display Window(s)
Listing Office: USA Realty Thief River Falls
Last Updated: April - 29 - 2024
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