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    1000 Craig Ave Tracy, MN 56175

    For Sale
    $375,000

    Commercial - Tracy, MN

    Lot size:
    2.10 Acres
    Days on Market:
    28
    Last Refresh:
    Dec 6 at 5:06 pm

    Property Features for 1000 Craig Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    311780330
    Parking features
    Driveway, Parking Lot, Unassigned
    Exterior features
    Vinyl
    Appliances
    Microwave, Refrigerator
    Lot size
    2.10 Acres

    Utilities

    Heating system
    Baseboard, Forced Air

    Building Details

    Year built
    1955
    Roof type
    Asphalt, Metal, Shingle
    Architectural style
    Other

    RE/MAX Professionals (651) 455-7000 [email protected]

    Listing agent Anne M. Clancy (651) 455-7000

    Listing date Nov 9, 2025

    MLS# 6802706 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    28-Unit Multifamily Investment Opportunity

    This property features a 27-unit apartment conversion operating on a month-to-month lease basis, along with a separate 3-bedroom, 2-bathroom single-family home. The property is almost fully leased and has undergone numerous updates. Each unit is equipped with its own refrigerator and microwave, and there is a new community full kitchen and laundry room available. Situated on a 2.1-acre lot, the property is zoned for Business/Commercial use and is located in Tracy, MN. This property offers an opportunity to add 28 units to an investment portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wilder Inn Motel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tracy
    County
    Lyon
    State
    Minnesota
    Longitude
    -95.628522
    Latitude
    44.239526

    FAQs

    What type of property is this?
    Apartment building - 27-unit apartment conversion plus a single-family home in Tracy, MN.
    Where is this apartment building located?
    The property is located at 1000 Craig Ave Tracy, MN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - 27-unit apartment conversion plus a 3-bedroom, 2-bathroom single-family home.; - Property is almost fully leased with great numbers, ensuring immediate profitability.; - Each unit includes a refrigerator and microwave.
    (651) 455-7000
    Request Owner's contact information
    1000 Craig Ave Tracy, MN 56175
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    Tracy, MN 56175
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1000 Craig Ave Tracy, MN 56175
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