Mixed-Use Property with
For Sale
$875,000
224 Main E Street, Young America, MN 55397
Two buildings combine renovated residential units with a laundromat and rear off-street parking.
Property SizeContact for details
Days on Market512
Property Features for 224 Main E Street
General Information
Standard status
Active
Property subtype
Commercial/Industrial
Occupancy
100%
Units
Unit Mix
6 x 2BR
Multifamily Units
6
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,768
Building Details
Year Built
1911
Buildings
2
Tenancy
Single
Listing Agency:
Bridge Realty, LLC
(612) 310-1405
Listed By:
Nishul Patel
(612) 310-1405
Source:
Exitrealty
Added: Apr 8, 2025
Changed: Aug 31
Last Checked: Aug 31 at 3:03PM
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 Bridge Realty, LLC
Investment Insights
Based on property information with market context.
The offering includes two buildings on separate parcels at 224 Main E Street in Young America. One building contains six two-bedroom apartments, while the second provides retail space currently occupied by a landlord-owned laundromat. The residential units were renovated within the last three years, and the property dates to 1911. A replacement roof was completed in 2019, and the residential building received new boilers in 2025.
Rear parking areas serve each building, with Class IV gravel surfaces. Gas and electric service is separately metered for every apartment. The property is reported as 100% occupied, with documented annual rent increases of 7%-10% since the current ownership acquired the building in 2020.
Rear parking areas serve each building, with Class IV gravel surfaces. Gas and electric service is separately metered for every apartment. The property is reported as 100% occupied, with documented annual rent increases of 7%-10% since the current ownership acquired the building in 2020.
Key Highlights
- Six two‑bedroom apartments renovated within the last 3 years
- Retail building includes a landlord‑owned laundromat
- Two‑parcel offering with rear Class IV gravel parking at each building
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 55397, MN
2,871
Population
1,250
Households
2.3
Avg Household Size
40
Median Age
25%
College-Educated
96%
High-School Grad
28.3 sq mi
ZIP Area
101
Density / Sq Mi
$77,227
Median Household Income
$49,428
Median Earnings
$1,068
Median Rent
$334,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine renovated residential units with a laundromat and rear off-street parking.
Where is this mixed-use property located?
The property is located at 224 Main E Street Young America, MN.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Six two‑bedroom apartments renovated within the last 3 years; Retail building includes a landlord‑owned laundromat; Two‑parcel offering with rear Class IV gravel parking at each building
