Building Details

Building Size 4,200 SF

Year Built 1900

Buildings 1

Stories 2

Units 8

Construction brick

Listing Agency: Better Homes and Gardens Real Estate First Choice Show Phone

Listed By: Larry Refsland Show Phone

Source: Ivyrealestategroup

Added: Jun 4, 2024 Changed: Aug 30 Last Checked: Aug 31 at 5:10PM

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Investment Insights

Based on property information with market context.

Built in 1900, this two-story brick apartment property contains 8 apartments and has undergone recent remodeling. The building was originally constructed as a hotel, retaining a historic character alongside updated residential accommodations.

The property includes 4 detached garages, additional street-side parking, and on-site laundry. Water, sewer, and trash removal are included with rent. Located at 115 3rd Street in Argyle, Minnesota, the property is designated Residential-Multi-Family.

Key Highlights

• 8 apartments in a two‑story brick building
• Recently remodeled property built in 1900
• 4 detached garages

Property Analytics

Current Use

St. Gabriel's Apartments Apartment Complex

Suggested Use

Top Pick Electrical Service Building Supply Auto Repair Shop (Bike/Boat/Book/etc) Store Hair Salon Nail Salon

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

8

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

69

Businesses Nearby

Explore this area Business Placement

Demographics for 56713, MN

904

Population

425

Households

2.1

Avg Household Size

46

Median Age

25%

College-Educated

93%

High-School Grad

183.0 sq mi

ZIP Area

5

Density / Sq Mi

$90,833

Median Household Income

$58,466

Median Earnings

$430

Median Rent

$192,900

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?

Apartment building - Two-story property with detached garages and on-site laundry.

Where is this apartment building located?

The property is located at 115 3rd Street Argyle, MN.

What is the asking price?

The asking price for this property is $339,900.

What are key features of this property?

This property features: 8 apartments in a two‑story brick building; Recently remodeled property built in 1900; 4 detached garages