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Mixed-Use Property with Apartment

315 Jackson Avenue NW, Elk River, MN 55330

For Sale
New
$595,000

Commercial Sale, Elk River, MN

Property SizeContact for details
Lot Size0.06 Acres
Days on Market5

Property Features for 315 Jackson Avenue NW

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial
Parking features Offsite
Patio and Porch features Patio
Subdivision Village Elk River
Lot features Property Adjoins Public Land
High school district Elk River
Directions Downtown Elk River
Standard status Active
APN 75004050260
Lot size 0.06 Acres

Additional Details

Tenant in Place Yes
Mixed-Use Components retail, residential

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 4114

Utilities

Heating system Forced Air

Building Details

Year built 1900
Building materials Brick
Listing Agency: Bridge Realty, LLC
Listed By: Steven Pierce
Added: Nov 3 Changed: Nov 5 Last Checked: Nov 7 at 12:06PM
MLS# 7168926

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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This brick mixed-use property includes commercial space and an upstairs two-bedroom apartment. The property was built in 1900 and has forced-air heating, a patio, and off-site parking. A new roof was installed in 2024.

The sale includes the real estate and three leases, but not the businesses operating in the commercial space. The apartment is leased month to month, and the reported rent reflects current terms rather than market rent.

Key Highlights

  • Three leases are included with the real estate; the operating businesses are excluded
  • Upstairs apartment has two bedrooms and a month‑to‑month lease
  • New roof installed in 2024

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Plumbing Service HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Locksmith Carpet & Flooring Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

756
Businesses Nearby
6k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 80% Shops & Services 20%
Caribou Coffee Dining
4,735 visits/mo 0.1 miles
Laundry Land Shops & Services
942 visits/mo 0.2 miles
Grand Rental Station Shops & Services
274 visits/mo 0.1 miles

Demographics for 55330, MN

43,626
Population
16,796
Households
2.6
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
106.6 sq mi
ZIP Area
409
Density / Sq Mi
$111,481
Median Household Income
$59,332
Median Earnings
$1,356
Median Rent
$355,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The sale conveys the real estate and three leases; the operating businesses are not included.
Where is this mixed-use property located?
The property is located at 315 Jackson Avenue NW Elk River, MN.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Three leases are included with the real estate; the operating businesses are excluded; Upstairs apartment has two bedrooms and a month‑to‑month lease; New roof installed in 2024
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