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    115 1St St W Milaca, MN 56353

    Pending
    For Sale
    $215,000

    Commercial - Milaca, MN

    Lot size:
    0.04 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 115 1St St W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Business/Commercial
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    210410300
    Parking features
    Unassigned
    Exterior features
    Brick/Stone
    Appliances
    Cooktop, Dryer, Range, Refrigerator
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Baseboard, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1909
    Roof type
    Rubber
    Architectural style
    Other

    CENTURY 21 Moline Realty, Inc. (763) 689-3593 [email protected]

    Listing agent Cassandra Marie Murphy (763) 689-3593

    Listing date Nov 19, 2025

    MLS# 6794123 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

    Mixed-Use Gem in Downtown Milaca

    Located in the heart of downtown Milaca, this mixed-use property at 115 1st Street W offers a 3,200 sq. ft. space suitable for entrepreneurs and investors. The main level features a wide-open commercial space with natural light from two large street-facing windows, suitable for a storefront, office, boutique, or studio. The property includes a spacious 3-bedroom, 1-bath apartment upstairs, along with a convenient efficiency apartment on the lower level. Both units are currently occupied with month-to-month tenants, providing immediate rental income. A new A/C unit was installed in 2024. The property is located in a vibrant downtown location with foot traffic. The property offers multiple income streams.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    St. Raphael's Chiropractic ... Chiropractor Mille Lacs County ... Corporate Office TDT Computer Consulting ... Computer Repair Service Kip Smith Chiropractor

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Milaca
    County
    Mille Lacs
    State
    Minnesota
    Longitude
    -93.651813
    Latitude
    45.754875

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and residential units in downtown.
    Where is this mixed-use property located?
    The property is located at 115 1St St W Milaca, MN.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Prime downtown location with high visibility and foot traffic.; - Mixed-use property with commercial space and two residential units for multiple income streams.; - Income-producing property with existing tenants in place.
    (763) 689-3593
    Request Owner's contact information
    115 1St St W Milaca, MN 56353
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    Milaca, MN 56353
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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
    115 1St St W Milaca, MN 56353
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