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    115 W 3Rd St Frost, MN 56033

    New
    For Sale
    $80,000

    Commercial - Frost, MN

    Lot size:
    1.00 Acre
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 115 W 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial,Residential-Multi-Family
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    18
    APN
    260022200
    Exterior features
    Brick/Stone
    Appliances
    Range, Refrigerator
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Baseboard
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1959
    Building materials
    Brick, Frame
    Roof type
    Flat
    Architectural style
    Other

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Grigoriy Vayntrub (952) 829-2900

    Listing date Dec 3, 2025

    MLS# 6484746 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

    Frost MN Apartment Building

    This property, located in Frost, MN, features 15 apartments and presents an opportunity for value creation and equity building. The building was formerly a school that has been converted into apartments. The property is located 2 miles off I-90. The lot size is 1 acre. The property has business/commercial and residential-multi-family zoning and requires renovation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Frost Apartments Apartment Building J A Insurance Insurance Agency

    Suggested Use

    Restaurant Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Frost
    County
    Faribault
    State
    Minnesota
    Longitude
    -93.92742401
    Latitude
    43.58605401

    Nearby Similar for Sale

    • $150,000
      22,000 SF

      Prime Frost, MN Mixed-Use Property

      15 Units, Huge Potential, Needs TLC
      115 3Rd St, Frost, MN 56033
      View Details

    FAQs

    What type of property is this?
    Apartment building - 15-unit apartment building in Frost, MN, with renovation potential.
    Where is this apartment building located?
    The property is located at 115 W 3Rd St Frost, MN.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - Opportunity to create value and build equity through renovation.; - 15 apartments offer significant income potential.; - Converted school provides unique architectural character.
    (952) 829-2900
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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 W 3Rd St Frost, MN 56033
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