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514 Main Street E, New Prague, MN 56071

$315,000 Sale Pending

  • For Sale
  • Pending
  • Commercial
  • 4,400 Sq. Ft.
  • 2.06 Acres
514 Main Street E, New Prague, MN 56071View this property at 514 Main Street E, New Prague, MN 56071
514 Main Street ENew PragueMN56071

Map & Location

Street View

Property Description

Great investment property. Recently refurbished, 7 units total, 2 units w/nonconforming BRS, fully occupied. Large 2 stall detached garage/workshop w/ 11 storage units available. All units currently under leases-cash flow is positive. Zoned High-density Residential (RH1). Value of 2.06 acre lot is equal to or greater than the apartment complex. Good for twin-homes, townhouses, apartments. Conditional use nursing home/assisted living facility. SOLD AS IS. PROPERTY BACKS UP TO CITY PARK!

Full Property Details for 514 Main Street E

General

  • Price: $315,000
  • Taxes: $5,201 (2016)
  • Status: Pending
  • Type: Commercial
  • MLS ID: 4808373
  • Updated: 1/12/2018
  • Added: 333 day(s) ago

Property History

  • 514 Main Street E, New Prague, MN
  • Listed at $315,000 on 3/24/17

Interior

  • Appliances: Range, Refrigerator

Additional Information

  • Shared Rooms: Other
  • Pool Description: None
  • Other Features: Out Buildings

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Non-Garage Spaces: 6
  • Garage Description: Detached Garage, Gravel Driveway, Shared Driveway

Location

  • County: Le Sueur
  • Driving Directions: Main Street, New Prague to 514 Main, Complex on South side of Main across from the intersection of Lyndale and Main.

School Information

  • School District: 721 - New Prague Area Schools

Heating & Cooling

  • Cooling Type: Window Air Conditioning
  • Heating Type: Steam
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Construction Status: Previously Owned
  • Exterior Const.: Wood
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation Size: 3370
  • Roof: Asphalt Shingles, Age Over 8 Years
  • Disability Access: Other
  • Square Feet: 4,400
  • Current Bldg. Use: Residential
  • Year Built: 1930

Unit Information

  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6

Lot Features

  • Lot Size (Acres): 2.06
  • Lot Dimensions: 2.06 Acres
  • Frontage: State
  • Development Status: Previously Owned
  • Zoning: Residential-Multi-Family
  • Lot Description: Light Tree Coverage
  • Fencing (Description): None

Financial Considerations

  • Tax w/Assessment: $5,276
  • Tax Amount: $5,201
  • Tax Year: 2016
  • Terms: Conventional
  • Owner Pays: Taxes, Insurance, Water/Sewer, Fuel, Maintenance/Repair, Snow, Lawn
  • Tenant Pays: Electric
  • Tenant Expense: Electric

Disclosures and Reports

  • Legal Description: SECT-03 TWP-112 RANGE-023 2.20 AC 282 X 417.4 FT OF NE 1/4 OF NE 1/4 LESS W 120 FT OF N 182 FT
  • Property ID: 230032540

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Schools

Schools serving 514 Main Street E

School District:
New Prague Area Schools
School Name
Grades
Distance
Raven Stream Elementary School
300 11th Avenue Nw, New Prague, MN 56071
K-5
1.5 mi
New Prague Middle School
721 Central Ave N, New Prague, MN 56071
6-8
0.7 mi
New Prague High School
221 12th St Ne, New Prague, MN 56071
9-12
1.2 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 514 Main Street E

514 Main Street E, New Prague, MN 56071 (MLS# 4808373) is a Commercial property. 514 Main Street E is currently listed for $315,000 and was received on March 24, 2017. Want to learn more about 514 Main Street E? Do you have questions about finding other Commercial real estate for sale in New Prague? You can browse all New Prague real estate or contact a Coldwell Banker agent to request more information.

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