Building Details

Year Built 1944

Buildings 1

Tenancy Multi

Listing Agency: Counselor Realty Detroit Lakes

Listed By: Austin Bachmann Show Phone

Source: Vibemn

Added: Sep 2 Changed: Oct 14 Last Checked: Oct 7 at 1:42PM

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Investment Insights

Based on property information with market context.

This 4,035-square-foot mixed-use building contains a one-bedroom apartment, a two-bedroom apartment, and a commercial restaurant space. Both apartments are leased, while the restaurant area is occupied. A fourth unit remains unfinished and can be configured as office or apartment space. Improvements have been completed in the commercial area and residential units, and two unfinished basement areas provide additional storage and utility space.

The property is located at 108 E Main Ave in Frazee, with road frontage and side-street parking. The sale includes two parcels. Built in 1944, the asset offers an established combination of residential and commercial occupancy alongside additional unfinished space.

Key Highlights

• 4,035‑square‑foot mixed‑use building at 108 E Main Ave, Frazee, MN 56544
• One‑bedroom and two‑bedroom apartments, both currently leased
• Commercial space occupied by a restaurant tenant

Property Analytics

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Current Use

Solberg Insurance Agency Insurance Agency

Suggested Use

Top Pick Building Supply HVAC Service Electrical Service Parking Lot & Garage Pharmacy Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

124

Businesses Nearby

Explore this area Business Placement

Demographics for 56544, MN

5,361

Population

2,735

Households

2

Avg Household Size

41

Median Age

21%

College-Educated

93%

High-School Grad

198.0 sq mi

ZIP Area

27

Density / Sq Mi

$72,742

Median Household Income

$40,625

Median Earnings

$882

Median Rent

$235,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Income-producing property combines two leased apartments with an occupied restaurant area and an unfinished unit for future buildout.

Where is this mixed-use property located?

The property is located at 108 E Main Ave Frazee, MN.

What is the asking price?

The asking price for this property is $310,000.

What are key features of this property?

This property features: 4,035‑square‑foot mixed‑use building at 108 E Main Ave, Frazee, MN 56544; One‑bedroom and two‑bedroom apartments, both currently leased; Commercial space occupied by a restaurant tenant