For Sale: Pierz MLS# 7024550
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Property Description
Turnkey mixed-use investment opportunity featuring three fully leased commercial units plus a spacious 2+ bedroom apartment with garage access. Commercial Space Highlights: Three fully leased commercial units as follows Largest unit: 987 sq ft, currently operating as a salon with tanning booths. Two additional office spaces: approximately 550 sq ft each, both currently leased. Residential Unit:Spacious 1, 200 sq ft apartment 2+ bedrooms with generous living space, Private access to a 2-car garage, Ideal for owner-occupancy or additional rental income. Steady occupancy and established tenant base. Major Updates: New rubber roof installed in 2008, New siding and windows completed in 2008, New Central Air 2024. This property combines commercial stability with residential income potential, making it an attractive option for investors or owner-operators looking to expand their portfolio. With consistent rental history, updated exterior improvements, and fully leased commercial units, this building is a solid, turnkey opportunity.
I
Listing
Listing Status:
Active
Contingency:
None
List Price:
$199,900
Property Type:
Commercial
City:
Pierz
Garage Spaces:
2
County:
Morrison
Year Built:
1962
State:
MN
Property Style:
Other
Zip Code:
56364
Subdivision Name:
Bergerhausens Add
Interior
Bedrooms:
3
Bathrooms:
4
Exterior
Garage Spaces:
2
Garage Dimensions:
18x32
Garage Size:
576 ft2
Garage Door Height:
7
Garage Door Width:
9
Foundation Size:
2,376 ft2
Foundation Dimensions:
33x66
Handicap Accessible:
Doors 36"+
Heating System:
Boiler
Parking Features:
- Detached Garage
- Other
Lot & Land
Acres:
0.1
Geolocation:
45.983201, -94.105452
Inclusions:
Building, Land
Lot Dimensions:
38 x 116
Zoning:
Business/Commercial
Schools
School District:
1797
District Phone:
3204686458
Expenses
Annual Electric Expense:
$2,860
Annual Insurance Expense:
$3,283
Annual Trash Expense:
$270
Annual Water/Sewer Expense:
$3,840
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$1,253
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$1,572
Income
Annual Gross Income:
$29,100
Units
Total Units:
4
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Commercial
- Professional Service
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Executive Realty of St. Cloud.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.