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115 3Rd St Frost, MN 56033

For Sale
$150,000

15 Units, Huge Potential, Needs TLC

Property size:
22,000 SF

Description

Added:
Feb 3, 2025
Days on Market:
315
This exceptional mixed-use property, located at 115 W 3rd Street in Frost, Minnesota, presents a unique investment opportunity. Spanning 22,000 square feet on a one-acre lot, this property boasts a total of 15 units, a blend of apartments and commercial spaces. Originally a school, the building has been repurposed into its current configuration, offering significant potential for a savvy investor. The property's location offers convenient access to Interstate 90, just two miles away, providing excellent visibility and accessibility. While the property requires some renovations and improvements, the substantial size and the high number of units offer a strong foundation for a lucrative return on investment. The current asking price is $150,000, reflecting the need for work, but also presenting a significant opportunity for value appreciation after renovations. This is an ideal property for an investor looking for a hands-on project with high potential for rental income and future appreciation. The substantial square footage and the strategic location near a major interstate make this a truly compelling opportunity in the thriving Frost, Minnesota market. Serious inquiries are encouraged to explore the full potential of this unique mixed-use property.

Property Features for 115 3Rd St

General Information

Property type
Mixed-use properties
Square Feet
22,000 SF
Lot Size
43,560 SF

Building Details

Year Built
1959

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
-93.92743
Latitude
43.58605

FAQs

What type of property is this?
Mixed-use property - 15 Units, Huge Potential, Needs TLC
Where is this mixed-use property located?
The property is located at 115 3Rd St Frost, MN.
What is the asking price?
The asking price for this property is $150,000.
More about this property
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