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Mixed-Use Building with Office Space
For Sale
$285,900

22 3rd Avenue S, Cold Spring, MN 56320

Commercial Sale, Cold Spring, MN

Property SizeContact for details
Lot Size0.22 Acres
Days on Market574

Property Features for 22 3rd Avenue S

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial
Bedrooms 2
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Basement, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2
Parking features Covered, Driveway
Window features Screens, Double Pane Windows, Window Treatments
Patio and Porch features Patio, Deck, Porch
Accessibility Accessible Approach with Ramp
Appliances Water Heater - Gas, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener - Owned
Subdivision Townsite Of Cold Spring
Lot features Irregular Lot
High school district Rocori
Directions Hwy 23 to Cold Spring - North on 3rd Ave S (2-1/2 blocks N from Teals Market off Hwy 23)
Standard status Active
APN 48298490000
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2906

Utilities

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

Building Details

Year built 1920
Building materials Block, Frame
Roof type Shingle
Listing Agency: Century 21 First Realty, Inc. · Century 21 Real Estate
Listed By: Sandy Storms
Added: Mar 17, 2025 Changed: Oct 8 Last Checked: Oct 11 at 12:06AM
MLS# 6686312

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.

Investment Insights

Based on property information with market context.

This 1920-built mixed-use property pairs four offices at the front of the building with three residential rental units. Two offices are leased, while two remain available. All three residential units are leased and offer distinct layouts, including a suite with a full kitchen, bathroom and laundry; an upper unit with a bedroom, bathroom, living room and main-floor kitchen; and a lower-level unit with a bedroom, kitchen, game room, laundry and storage. The exterior was repainted in 2024. The property occupies a 0.2175-acre lot in Cold Spring.

Key Highlights

  • Four front offices; two are leased and two are available
  • Three leased residential units with distinct layouts
  • One residential unit includes a full kitchen, bathroom and laundry

Property Analytics

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Current Use

Peterson Law Firm ... Law Firm CENTURY 21/ SANDY ... Real Estate Agency Century 21 First ... Real Estate Agency Century 21 First ... Real Estate Agency

Suggested Use

Top Pick Building Supply Restaurant Big Box & Wholesale Store HVAC Service Auto Repair Shop Storage Facility

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

4
Office units
3
Residential units
50%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

353
Businesses Nearby

Demographics for 56320, MN

7,985
Population
3,630
Households
2.2
Avg Household Size
44
Median Age
32%
College-Educated
93%
High-School Grad
51.1 sq mi
ZIP Area
156
Density / Sq Mi
$90,346
Median Household Income
$45,947
Median Earnings
$1,283
Median Rent
$312,000
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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines four front offices with three leased residential units in separate living configurations.
Where is this mixed-use property located?
The property is located at 22 3rd Avenue S Cold Spring, MN.
What is the asking price?
The asking price for this property is $285,900.
What are key features of this property?
This property features: Four front offices; two are leased and two are available; Three leased residential units with distinct layouts; One residential unit includes a full kitchen, bathroom and laundry
More about this property
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