Search
Office and Apartment Property
New
For Sale
$425,000

12 Minnesota Avenue S, Aitkin, MN 56431

Commercial Sale, Aitkin, MN

Property SizeContact for details
Lot Size0.50 Acres
Days on Market2

Property Features for 12 Minnesota Avenue S

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial, Residential-Multi-Family
Bedrooms 2
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3
Parking features Driveway, Parking Lot, Garage - Detached, Garage, Open
Patio and Porch features Deck
Appliances Dryer, Water Heater - Electric, Exhaust Fan/Hood, Range, Refrigerator, Washer
Subdivision T R Foleys Amended Plat
Lot features Tree Coverage - Light, Underground Utilities
High school district Aitkin
Directions From the stop lights in Aitkin go south 2 blocks to property on left.
Standard status Active
APN 561041000
Lot size 0.50 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3996

Utilities

Heating system Forced Air
Cooling system Wall Unit(s), Central Air

Amenities

balcony
on-site laundry

Building Details

Year built 1972
Building materials Block, Frame
Roof type Shingle
Listing Agency: Woods & Shores Real Estate, Inc.
Listed By: Rodney K. Sparks, Gri
Added: Oct 20 Changed: Oct 21 Last Checked: Oct 21 at 3:06PM
MLS# 7156907

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This mixed-use property combines office space with two one-bedroom apartments on the upper floor. The office level includes four private offices, a conference room, reception and additional work area, a half bath, a break room or multipurpose room, and dedicated storage and utility space. The apartments have received updates and share a balcony and on-site laundry. The property was built in 1972 and occupies 0.5 acres. A detached four-unit garage building provides a garage space for each apartment; two additional garages are available to rent.

The property is on the Highway 169 corridor in Aitkin, across from a gas station and two blocks south of a signalized intersection. Open parking, a parking lot, and a driveway are also listed among the parking features.

Key Highlights

  • Office floor has four private offices, a conference room, reception workspace, half bath, multipurpose room, and dedicated storage and utility space
  • Two updated one‑bedroom apartments share a balcony and on‑site laundry
  • Detached four‑unit garage building; two additional garages are available to rent

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Woods & Shores Real ... Real Estate Agency Your Preferred Appraisers ... Real Estate Agency Family Dollar Discount Store

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Furniture & Home Goods Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Skin Care Clinic

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

1
Office units
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

481
Businesses Nearby

Demographics for 56431, MN

8,763
Population
7,113
Households
1.2
Avg Household Size
56
Median Age
21%
College-Educated
95%
High-School Grad
462.8 sq mi
ZIP Area
19
Density / Sq Mi
$64,846
Median Household Income
$36,947
Median Earnings
$883
Median Rent
$264,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The upper floor contains two updated apartments, with office space and shared laundry facilities in the building.
Where is this mixed-use property located?
The property is located at 12 Minnesota Avenue S Aitkin, MN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Office floor has four private offices, a conference room, reception workspace, half bath, multipurpose room, and dedicated storage and utility space; Two updated one‑bedroom apartments share a balcony and on‑site laundry; Detached four‑unit garage building; two additional garages are available to rent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved