114 Olive St Stillwater, MN 55082

Property Details for 114 Olive St

Lot size

0.58 lot acres

Property size

4,740 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a fully leased, five-unit apartment building situated in the heart of historic Stillwater, Minnesota. The property, located at 114 Olive St W, boasts a prime location just three blocks from Main Street, offering convenient access to local amenities and attractions. The two-story building encompasses 4,740 square feet and sits on a 0.58-acre lot with frontage on both Olive Street West and Third Street. The building features a mix of unit sizes, including three two-bedroom units and two one-bedroom units, all currently occupied, ensuring a consistent rental income stream. On-site laundry facilities and private entrances enhance tenant convenience and satisfaction. The property is zoned RCM - Medium Density, presenting potential for future redevelopment or expansion. Offered at $895,000, this represents an attractive price per unit of $179,000 and a price per square foot of $188.82. Showings are available Monday through Thursday, between 11:00 am and 4:00 pm, with a 48-hour notice required. This is a rare chance to acquire a well-maintained, income-producing property in a highly desirable location. The strong rental history and potential for future growth make this an ideal investment for discerning buyers.