107 Main St, Biwabik, MN 55708
This exceptional 0.07-acre property at 107 N Main St, Aurora, MN, presents a unique blend of commercial and residential space. The ground floor boasts a versatile commercial area with high street visibility, perfect for a variety of businesses seeking a dynamic downtown location. Its prime position ensures excellent foot traffic and community engagement, offering significant potential for growth and profitability. Upstairs, a spacious three-bedroom apartment provides a substantial residential component. This area requires some renovation, presenting a fantastic opportunity for value-add improvements and the generation of rental income. The flexible layout allows for creative adaptation to suit diverse business and living needs, making it an ideal live-work solution. The property's location in the heart of Aurora offers easy access to local amenities and services. This is a rare chance to acquire a property with significant upside potential, combining commercial viability with residential comfort. The asking price is $55,000. This represents a compelling investment for those seeking a hands-on project with the potential for substantial returns. The property's strong location and adaptable design make it a standout opportunity in the Aurora market. Serious inquiries are encouraged.
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Andrea Conklin American Family Insurance Insurance Agency
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American Family Insurance Financial Advisor Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.