115 1st ST W Pending Save Request In-Person Tour Request Virtual Tour
Milaca,MN 56353
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 1,742 sqft
Price per Sqft $123
Subdivision First Add To Milaca
MLS Listing ID 6794123
Bedrooms 4
Year Built 1909
Annual Tax Amount $1,612
Property Description
Downtown Milaca Gem – Live, Work & Invest All in One!
Welcome to 115 1st Street W, a rare opportunity in the very heart of Milaca's thriving downtown. This 3,200 sq. ft. mixed-use property combines prime visibility with built-in income — the perfect setup for entrepreneurs and investors alike. The Commercial Space: The main level is wide open and ready for your vision. Flooded with natural light from two large street-facing windows, it's the perfect blank canvas for your storefront, office, boutique, or studio. Maximum exposure, endless potential. The Residences: A spacious 3-bedroom, 1-bath apartment upstairs, perfect for steady rental income or even owner occupancy. A convenient efficiency apartment on the lower level, also income-producing. Both units are currently occupied with month-to-month tenants, giving you instant cash flow and the flexibility to adjust as you wish. Key Highlights: New A/C unit installed in 2024, vibrant downtown location with excellent foot traffic, live where you work, or let your tenants cover your mortgage and multiple income streams make this property one smart investment!
This is more than just real estate — it's a built-in business plan waiting for the right buyer. With the commercial space ready for your vision and tenants already in place, opportunities like this don't come around often. Don't miss your chance to own a piece of downtown Milaca.
Location
State MN
County Mille Lacs
Community First Add To Milaca
Zoning Business/Commercial
Interior
Heating Baseboard,Forced Air
Cooling Central Air
Flooring 1742.4
Exterior
Parking Features Unassigned,Uncovered/Open
Utilities Available Heating Common,Hot Water Common
Roof Type Age Over 8 Years,Pitched,Rubber
Building
Foundation Other
Water City Water/Connected