For Sale: Lindstrom MLS# 6785938
Active
NEW!
$375,000
Commercial: 2 Stories
Built 1915
0.04 acres
Chisago Lakes schools
MLS# 6785938
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Property Description
Mixed-Use Investment Property in Downtown Lindström.
Discover the potential of 12814 Lake Blvd, a rare mixed-use opportunity in the heart of Lindström’s historic business district. Perfectly situated on Lake Boulevard / Hwy 8, this property offers unbeatable visibility, steady traffic, and a vibrant location surrounded by shops, dining, and community amenities.
The main level features 1, 633 sq. ft. of flexible commercial space, ideal for retail, professional office, wellness services, or a boutique destination. Expansive front windows flood the space with natural light and provide excellent display and signage potential.
Upstairs, the property includes two fully leased apartments that add immediate income:
2-bedroom, 1-bath apartment
1-bedroom, 2-bath apartment
This combination makes 12814 Lake Blvd equally appealing for an owner-user seeking supplemental rental income or an investor looking for a turnkey property in a growing market.
Highlights:
1, 633 sq. ft. main-floor commercial space
Two apartments on the second floor (2BR/1BA and 1BR/2BA)
Excellent visibility on Lake Blvd / Hwy 8
New Roof, Water Heater, and Sump Pump
Flexible floor plan for retail, office, or services
Surrounded by thriving local businesses and community attractions
Income-producing residential units provide built-in cash flow
With Lindström’s downtown revitalization underway, this property positions you to benefit from both commercial growth and residential rental demand.
12814 Lake Blvd is the perfect blend of location, income, and opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$375,000
Property Type:
Commercial
City:
Lindstrom
Garage Spaces:
0
County:
Chisago
Year Built:
1915
State:
MN
Property Style:
2 Stories
Zip Code:
55045
Subdivision Name:
C A Victors Reag Of Blk 2
Interior
Ceiling Height:
8-10
Ranges:
Two
Refrigerators:
Two
Appliances Included:
- Electric Water Heater
- Freezer
- Range
- Refrigerator
Basement Details:
- Drainage System
- Partial
- Sump Pump
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Central Air, Window Unit(s)
Foundation Size:
1,650 ft2
Foundation Dimensions:
33x50
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Guest Parking
- On-Street Parking Only
- Parking Lot
- Paved
Unit Amenities:
City View
Road Frontage:
- Highway
- Paved Streets
- Sidewalks
- State Road
- Storm Sewer
- Street Lights
Exterior Material:
- Brick/Stone
- Metal Siding
- Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.04
Geolocation:
45.389954, -92.847191
Inclusions:
Building, Leases
Lot Dimensions:
33 x 50
Zoning:
Business/Commercial
Lot Description:
- Irregular Lot
- Underground Utilities
Farm
Topography:
Level
Schools
School District:
2144
District Phone:
651-213-2096
Expenses
Annual Electric Expense:
$2,231
Annual Insurance Expense:
$4,617
Annual Maintenance Expense:
$100
Annual Gross Expense:
$23,587
Annual Trash Expense:
$410
Annual Water/Sewer Expense:
$914
Tenant Expenses:
Snow Removal
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,448
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
None
Income
Annual Gross Income:
$26,180
Rent
Annual Net Income:
$2,602
Units
Total Units:
3
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
- Residential
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
- City Water - In Street
- City Water/Connected
Mortgage Calculator
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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 Real Estate Masters, Ltd..
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.