For Sale: Pine City MLS# 7054717
Active
$225,000
Multi-family: Other
12 br • 7 ba • Built 1920
12,702 sqft • 0.72 acres
MLS# 7054717
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Property Description
This property lies amongst mature trees with beautiful views of the popular Pokegama Lake/.72 acre site
with historic brick building. Eagles soaring, tranquil beauty all around! It's a total rehab project. The
property offers access to community well, city sewer, views of Lake Pokegama and across the street is the
back waters of the Snake River which connects to the Lake. Great location, centrally located between the
metro area and Duluth just off of Interstate 35 just west of Pine City, and near many recreational lakes
for fishing and water sports. Boat landing 2 blks away!
Come with your ideas for renovation of this unique building. Senior Rental or a Multifamily Rental? Sold
AS IS. It was built as a Sanatorium in 1920.Current zoning is High Density Residential and commercia.Full
disclosure, there are no actual Bed RM's, and plumbing is in however no bathrooms. Entire bldg is a clean
slate to create your dream. Agent to Verify all measurements. Enter the building at your own risk.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$225,000
Price per sq ft:
$18
Property Type:
Multi-family
City:
Pine City
Garage Spaces:
0
County:
Pine
Year Built:
1920
State:
MN
Property Style:
Other
Zip Code:
55063
Subdivision Name:
Pine Shores at Pokegama Estate
Interior
Bedrooms:
12
Bathrooms:
7
Finished Area:
12,702 ft2
Living Area:
12,702 ft2
Basement Details:
Concrete
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
4,234 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Lake & Waterfront
Waterfront Present:
N
Waterfront View:
Lake
Waterfront:
Lake View
Lot & Land
Acres:
0.72
Geolocation:
45.82299, -93.052012
Lot Dimensions:
140 x 237 x 66 x 78 x 231
Zoning:
Residential-Multi-Family
Farm
Topography:
Gently Rolling, Wooded
Schools
School District:
1994
District Phone:
3206294010
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$776
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$360
Income
Annual Gross Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
Propane
Owner Occupied:
No
Sewer System:
Other
Water System:
Well
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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 RE/MAX Advantage Plus.
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.