$750,000
408 Lake Street NE
Warroad, MN 56763
MLS# 5581641
Status: Pending



408 Lake Street NE, Warroad, MN 56763
  1 / 1  
408 Lake Street NE, Warroad, MN 56763

Property Description
TREMENDOUS INVESTMENT OPPORTUNITY! Come take a look at this nicely renovated building downtown Warroad! The building offers 17 apartments as well as prime Commercial Space in the heart of Warroad! The income generated from the building speaks for itself and offers any investor a unique opportunity to diversify their investment portfolio. The building has updated mechanicals, exterior finishes as well as extensive renovations done throughout the rental units.

Details
Maps
None
Allow Auto Valuation: Yes
Allow Consumer Comment: Yes
MLSID: RMLS
Contract Information
Availability: Unavailable
Buyer Broker Comp Type: %
Sub Agent Comp Type: %
Status: Pending
Off Market Date: 2020-06-25
Current Price: $750,000
Original List Price: 875000
Contingency: Inspection
ListPrice: 750000
List Date: 2020-01-20
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: NWMAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Waterfront Present: No
Year Built: 1906
Yearly/Seasonal: Yearly
Zoning: Business/Commercial,Residential-Multi-Family
Foundation Size: 9040
Acres: 0.25
Lot Dimensions: 115X115
Assessment Pending: No
Location, Tax and Other Information
Legal Description: LOTS 9-12 BLK 3; MOODYS ADDITION
Map Page: 999
Rental License?: No
School District Phone: 218-386-1472
Map Coordinate Source: King's Street Atlas
House Number: 408
Street Name: Lake
Street Suffix: Street
Street Direction Suffix: NE
Postal City: Warroad
County: Roseau
State: MN
Zip Code: 56763
MLS Area: Warroad
Property ID Number: 560019000
Tax Year: 2020
Tax Amount: 12568
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Tax With Assessments: 12568
Directions & Remarks
Copyright Remarks: Yes
Public Remarks: TREMENDOUS INVESTMENT OPPORTUNITY! Come take a look at this nicely renovated building downtown Warroad! The building offers 17 apartments as well as prime Commercial Space in the heart of Warroad! The income generated from the building speaks for itself and offers any investor a unique opportunity to diversify their investment portfolio. The building has updated mechanicals, exterior finishes as well as extensive renovations done throughout the rental units.
Directions: In Warroad turn East on to Lake Street and go 3 blocks the property will be on your right hand side.
Building Information
Building Finished SqFt: 9000
Building SqFt: 18226
Green Verification
Green Certification: No
Lock Box Type
Lock Box Source: BMJ
Miscellaneous Information
FIPS Code: 27135
Homestead Desc: Other
Public Survey Info
Range#: 37
Section#: 29
Township#: 163
Structure Information
Sale Includes: Fixture/Equipment
Unit Details
Total Units: 18
Property Features
Accessible: None
Air Conditioning: None
CMU Style: Mixed Use
Construction Status: Previously Owned
Current Use: Commercial; Hotel/Motel
Exterior: Aluminum Siding; Brick/Stone
Fuel: Natural Gas
Heating: Boiler; Forced Air
Lock Box Type: Combo
On Site Utilities: Heating Common; Heating Separate; Hot Water Common
Parking Characteristics: Uncovered/Open
Sewer: City Sewer/Connected
Water: City Water/Connected

Listing Office: Tru North Realty

Last Updated: June - 25 - 2020

408 Lake Street NE, Warroad, MN 56763 - MLS# 5581641

Information deemed reliable but not guaranteed.

Sunday 12th of July 2020 01:46 PM