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$345,000

  • For Sale
  • Active
  • Commercial
  • 4,304 Sq. Ft.
  • 0.05 Acres
See This Home
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Here is an opportunity to own your building for your new business with supplemental rental income from 5 apartments in downtown Frazee. Close to everything with parking available. Main floor offers 1200 plus sf and is suitable for office space, retail or service industry.

Full Property Details for 109 N Lake St

General

  • Price: $345,000
  • Taxes: $1,786 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6734484
  • Updated: 2/9/2026
  • Added to Site: 268 day(s) ago

Parking

  • Parking Features: On-Street Parking Only, Parking Lot

Location

  • County: Becker
  • Township: Frazee
  • Subdivision: Frazee City
  • Driving Directions: US HWY 10 to County Hwy 10 to Lake St downtown Frazee.

School Information

  • School District: 1106 - Frazee-Vergas
  • High School District: Frazee-Vergas

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Heating Common, Hot Water Common

Structural Information

  • Foundation Size: 2464
  • Disability Access: None
  • Square Feet: 4,304
  • Finished Down/Base.: 4,304 Sq. Ft.
  • Current Bldg. Use: Beauty/Barber Shop, Residential
  • Year Built: 1925

Lot Features

  • Lot Size (Acres): 0.05
  • Lot Dimensions: 60 x 50
  • Potential Use: Office, Professional Service, Retail
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $1,786
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Cable TV, Heat, Sewer, Trash Collection, Water
  • Tenant Pays: None
  • Pays Cable: Owner Pays
  • Pays Heat: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: O T OF FRAZEE BLOCK 016 N 46 FT OF LOTS 21 AND 22
  • Inclusions: Building, Leases
  • Property ID: 500402000

Listed by Re/Max Lakes Region

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— 109 N Lake St —

  • Re/Max Lakes Region

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 109 N Lake St

School District:Frazee-Vergas Public School District
NameGradesDistance
Frazee Elementary School
Hickory Avenue West, Frazee, MN 56544
PK-60.3 mi
Frazee Secondary
305 Lake Street South, Frazee, MN 56544
7-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 109 N Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/10/2025
Listed
$345,000
187.5%
MLS
3/29/2012
Sold
$120,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 109 N Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,712
-3%
$83,500
-9%
2024
$1,766
1%
$91,900
5%
2023
$1,744
—
$87,900
1%
2023
$1,744
-2%
$86,800
—
2021
$1,780
2%
$86,800
-4%
2020
$1,752
-8%
$90,400
-8%
2019
$1,900
3%
$97,800
—
2018
$1,846
-6%
$97,800
—
2017
$1,966
—
$97,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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109 N Lake Street, Frazee, MN 56544 (MLS# 6734484) is a Commercial property. 109 N Lake Street is currently listed for $345,000 and was received on June 10, 2025. Want to learn more about 109 N Lake Street? Do you have questions about finding other Commercial real estate for sale in Frazee? You can browse all Frazee real estate or contact a Coldwell Banker agent to request more information.

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