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Mixed-Use Property with Apartments
For Sale
$150,000

127 1st St S, Virginia, MN 55792

Combined commercial and residential space supports business operations alongside on-site apartment living.

Property Size7,300 SF
Price / SF$20.55
Days on Market128

Property Features for 127 1st St S

General Information

Standard status Active
Size 7,300 SF

Taxes and HOA fees

Annual Taxes $980
Listing Agency: Coldwell Banker Realty - Duluth
Listed By: Bill Wagner
Source: Exprealty
Added: Apr 1 Changed: Aug 2 Last Checked: Aug 2 at 4:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Duluth

Investment Insights

Based on property information with market context.

This mixed-use property combines a commercial business component with multiple apartments, creating a configuration that accommodates both business activity and residential occupancy. The property requires TLC and hands-on improvements, offering a project-oriented ownership opportunity for an operator seeking to pair a business with on-site living.

Located at 127 1st St S in Virginia, MN, the property is positioned for a combined commercial and residential use within the community. Its 7,300 property-size measurement and apartment component provide a substantial base for evaluating the building’s future business and living arrangements.

Key Highlights

  • Mixed‑use configuration with commercial and residential components
  • Multiple apartments included within the property
  • 7,300 property‑size measurement

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency HVAC Service Skin Care Clinic Parking Lot & Garage Plumbing Service Garden Center

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

Location Intelligence

Trade Area within ½ mile

673
Businesses Nearby

Demographics for 55792, MN

9,827
Population
5,628
Households
1.7
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
95.7 sq mi
ZIP Area
103
Density / Sq Mi
$50,616
Median Household Income
$40,275
Median Earnings
$795
Median Rent
$128,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Combined commercial and residential space supports business operations alongside on-site apartment living.
Where is this mixed-use property located?
The property is located at 127 1st St S Virginia, MN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Mixed‑use configuration with commercial and residential components; Multiple apartments included within the property; 7,300 property‑size measurement
More about this property
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