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For Sale:  Frazee MLS# 7131834

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Active NEW!
$310,000
/mo Edit
Commercial:  1 Story
3 br • 3 ba • Built 1944
0.41 acres
Frazee-Vergas schools
MLS# 7131834
763-576-8286
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    Property Description

    Mixed-Use Investment Property – Main Ave, Frazee Outstanding investment opportunity in the heart of Frazee! This well-maintained mixed-use building offers a diversified income stream with both residential and commercial tenants in place. The property includes a one-bedroom apartment and a two-bedroom apartment, both currently leased, along with a commercial space currently occupied by a restaurant tenant. A fourth unit — unfinished and ready to be built out as additional office or apartment space — offers exciting upside potential for a buyer looking to add value. Situated on Main Ave with excellent road frontage and convenient side street parking, this property benefits from strong visibility and accessibility. Numerous updates have been completed throughout, including improvements to the commercial space and both residential apartments. Two unfinished basement areas provide ample utility and storage space. Sold with two parcels included, and no special assessments — a clean, turnkey opportunity for investors seeking immediate cash flow with room to grow. Don't miss this rare chance to own a versatile, income-producing property in a prime downtown location!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $310,000
    Property Type: Commercial
    City: Frazee
    Garage Spaces: 0
    County: Becker
    Year Built: 1944
    State: MN
    Property Style: 1 Story
    Zip Code: 56544
    Subdivision Name: Amended Plat/Frazee City

    Interior

    Bedrooms: 3
    Bathrooms: 3
    Basement Details:
    • Block
    • Partial
    • Storage Space
    • Unfinished

    Exterior

    Stories: One
    Garage Spaces: 0
    Air Conditioning: Wall Unit(s)
    Foundation Size: 3,482 ft2
    Foundation Dimensions: 59x71
    Handicap Accessible: Other
    Heating System:
    • Baseboard
    • Boiler
    • Hot Water
    • Radiant
    Parking Features:
    • Gravel
    • Parking Lot
    • Units Vary
    Road Frontage: City Street
    Exterior Material: Frame

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.41
    Geolocation: 46.727078, -95.700153
    Inclusions: Building, Land, Leases
    Lot Dimensions: .41 acres
    Addl Parcels: 500049001
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family

    Schools

    School District: 23
    District Phone: 2183343181

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $2,847
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,912

    Units

    Total Units: 4

    Miscellaneous

    Current Use:
    • Commercial
    • Residential
    • Restaurant
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Separate
    Water System: City Water/Connected

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Counselor Realty Detroit Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.