Downtown Mixed-Use
For Sale
Contact for pricing
Pending
314 2nd Street, Bovey, MN 55709
Two upper apartments are currently rented, and the main level can be converted to office space or additional apartments.
Property SizeContact for details
Days on Market148
Property Features for 314 2nd Street
General Information
Standard status
Pending
Property subtype
Special Purpose
Additional Details
Multifamily Units
2
Building Details
Tenancy
Multi
Listing Agency:
Coldwell Banker Northwoods Realty
Listed By:
Luke Garner · License #MN
(218) 259-5342
Source:
Crexi
Added: Apr 12
Changed: Aug 23
Last Checked: Sep 3 at 12:42PM
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 Northwoods Realty
Investment Insights
Based on property information with market context.
This downtown mixed-use duplex includes two upper-level apartments that are currently rented. Apartment 1 is a 2-bedroom unit with monthly income of $800, and Apartment 2 is a 1-bedroom unit with monthly income of $550; utilities are included for both. The main level is described as commercial space and offers flexibility for an owner-operator or investor to convert it into office spaces or additional apartments.
The property is located on 2nd Street in Bovey, MN 55709, in the downtown area.
If you’re looking for a combination of existing residential income and space that can be repurposed for additional leasing, this layout supports either continued apartment expansion or a shift toward office use on the main level.
The property is located on 2nd Street in Bovey, MN 55709, in the downtown area.
If you’re looking for a combination of existing residential income and space that can be repurposed for additional leasing, this layout supports either continued apartment expansion or a shift toward office use on the main level.
Key Highlights
- Two upper level apartments are currently rented in downtown Bovey
- Apartment 1: 2‑bedroom unit rented for $800 per month
- Apartment 2: 1‑bedroom unit rented for $550 per month
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 55709, MN
4,199
Population
2,479
Households
1.7
Avg Household Size
46
Median Age
20%
College-Educated
96%
High-School Grad
223.9 sq mi
ZIP Area
19
Density / Sq Mi
$71,163
Median Household Income
$41,020
Median Earnings
$925
Median Rent
$206,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two upper apartments are currently rented, and the main level can be converted to office space or additional apartments.
Where is this duplex located?
The property is located at 314 2nd Street Bovey, MN.
What are key features of this property?
This property features: Two upper level apartments are currently rented in downtown Bovey; Apartment 1: 2‑bedroom unit rented for $800 per month; Apartment 2: 1‑bedroom unit rented for $550 per month
