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$431,000

  • Sold
  • Closed
  • Commercial
  • 5,076 Sq. Ft.
  • 0.25 Acres
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Turnkey 6-Unit Investment Property. Rock-solid concrete construction + long-lasting metal roof = low maintenance and peace of mind. This well-maintained 6-unit apartment building sits in a quiet, desirable area with strong rental demand. Each unit offers stable cash flow, and shared coin-operated laundry adds bonus income. Convenient location close to shops and schools.

Full Property Details for 425 2nd Ave NW

General

  • Sold For: $431,000
  • Taxes: $8,678 (2025)
  • Status: Closed
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6735485
  • Added to Site: 221 day(s) ago

Parking

  • Garage: Yes
  • Garage Description: 22 x 44
  • Garage Spaces: 4
  • Parking Features: Detached, No Int Access to Dwelling

School Information

  • School District: 912 - Milaca
  • High School District: Milaca

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Boiler, Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate

Financial Considerations

  • Operating Expenses: $21,071
  • Tax Amount: $8,678
  • Tax Year: 2025
  • Owner Pays: Gas, Grounds Care, Sewer, Snow Removal, Taxes
  • Tenant Pays: Cable TV, Electricity
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays

Disclosures and Reports

  • Legal Description: SECOND ADDITION TO MILACA & S 1/2 OF VAC ALLEY BETWEEN LOTS 9 & 10 BLK 11
  • Inclusions: Building, Land, Leases
  • Property ID: 210420190

Listed by Edina Realty, Inc.
Sold by Bridge Realty, LLC

Listing agent

— 425 2nd Ave NW —

  • Edina Realty, Inc.

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NMLS#: 1598647

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Schools serving 425 2nd Ave NW

School District:Milaca Public School District
NameGradesDistance
Milaca Elementary School
500 Minnesota 23, Milaca, MN 56353
PK-60.4 mi
Milaca Secondary High School
500 Minnesota 23, Milaca, MN 56353
7-120.4 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 425 2nd Ave NW

Date
Details
Price
Change
Source
9/12/2025
Sold
$431,000
-3.9%
MLS
7/17/2025
Price Reduced
$448,500
-4.37%
MLS
6/10/2025
Listed
$469,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Edina Realty, Inc.
Sold by Bridge Realty, LLC

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425 2nd Avenue NW, Milaca, MN 56353 (MLS# 6735485) is a Commercial property that was sold at $431,000 on September 12, 2025. Want to learn more about 425 2nd Avenue NW? Do you have questions about finding other Commercial real estate for sale in Milaca? You can browse all Milaca real estate or contact a Coldwell Banker agent to request more information.