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$245,000

  • For Sale
  • Active
  • Commercial
  • 4,725 Sq. Ft.
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Excellent opportunity to own a highly visible commercial building one block off main street. Currently features a large showroom and a large back room that is accessible from the street or the main part. Check this one out it has a lot of potential.

Full Property Details for 520 1st St

General

  • Price: $245,000
  • Taxes: $3,108 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6704185
  • Updated: 4/27/2026
  • Added to Site: 422 day(s) ago

Parking

  • Parking Features: On-Street Parking Only

Location

  • County: Mille Lacs
  • Township: Princeton
  • Subdivision: Original Townsite
  • Driving Directions: Rum River Drive N to 1st Street, West to Property on Right

School Information

  • School District: 477 - Princeton
  • High School District: Princeton

Heating & Cooling

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

Utilities

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

Structural Information

  • Basement: Yes
  • Basement Desc.: Partial
  • Foundation Size: 4725
  • Roof: Flat, Pitched
  • Disability Access: None
  • Square Feet: 4,725
  • Finished Down/Base.: 4,725 Sq. Ft.
  • Current Bldg. Use: Commercial
  • Year Built: 1930

Lot Features

  • Lot Dimensions: 46 x 66
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $3,108
  • Tax Year: 2026
  • Owner Pays: Electricity, Fuel, Insurance, Taxes
  • Pays Electric: Owner Pays

Disclosures and Reports

  • Legal Description: W 46' OF LOT 12 BLOCK 6 ORIGINAL TOWNSITE
  • Inclusions: Building, Land
  • Property ID: 240400310

Listed by Princeton Realty

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— 520 1st St —

  • Princeton Realty

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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

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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

Schools serving 520 1st St

School District:Princeton Public School District
NameGradesDistance
Princeton Intermediate School
1202 North 7th Street, Princeton, MN 55371
3-50.6 mi
Princeton Primary School
1206 7th Avenue North, Princeton, MN 55371
K-21.2 mi
Princeton Middle School
1100 4th Ave N, Princeton, MN 55371
6-81 mi
Princeton Senior High School
807 8th Avenue South, Princeton, MN 55371
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 520 1st St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/16/2025
Listed
$245,000
308.33%
MLS
11/02/2007
Sold
$60,000
—
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 520 1st St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,206
7%
$139,800
-1%
2024
$3,008
-5%
$141,300
3%
2023
$3,176
7%
$136,700
-4%
2022
$2,958
5%
$142,700
29%
2021
$2,806
5%
$110,400
3%
2020
$2,680
4%
$107,700
10%
2019
$2,566
2%
$97,700
6%
2018
$2,510
-17%
$92,600
5%
2017
$3,008
-9%
$88,500
100%
2016
$3,312
—
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Princeton Realty

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520 1st Street, Princeton, MN 55371 (MLS# 6704185) is a Commercial property. 520 1st Street is currently listed for $245,000 and was received on April 16, 2025. Want to learn more about 520 1st Street? Do you have questions about finding other Commercial real estate for sale in Princeton? You can browse all Princeton real estate or contact a Coldwell Banker agent to request more information.

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