, Richville, MN 56576 - MLS#6675679

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$699,000

Est. payment - /mo

672 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6675679

Year Built 2023

Annual Tax Amount $340

Lot Size 672 Sqft

Acres 3.48

Lot Dimensions 462x330

Property Description

Looking for an investment opportunity in the heart of the Otter Tail Lakes Country? Look no further than this commercial or residential investment opportunity in rural Richville! Located a short distance from Otter Tail, Walker, Dead, and Pickerel Lakes, this 3.48 acre property boasts nine 20 x 40 individual storage units with 12 x 12 overhead doors and 36" service door (each with its own power outlet, garage door opener, and interior lights), four seasonal camper pad sites, and a combination office / garage space, a perfect spot to operate your business, build a home, or to gain additional rental income. This parcel was thoughtfully designed to allow for construction of additional storage units or a residential home within the center of this property, allowing for additional growth. Highlights include fiber internet, heated/cooled shop and office space with a half bathroom, deep well and septic system serving the office and camping sites, with each pad site also featuring electricity, high speed wireless internet, picnic table, fire pit, and an individual storage shed. The property also features a fully integrated irrigation system. This turnkey investment opportunity is projected to provide a NOI of $51,000 for 2025, providing a rare lakes area investment opportunity for you to consider!

Location

State MN

County Otter Tail

Direction From County Highway 1, North on County Highway 14 to property on the right.

Interior

Heating Baseboard, Heat Pump

Cooling Ductless, Heat Pump

Exterior

Parking Features Heated Garage, Insulated Garage, RV Access/Parking

Garage Spaces 9.0

Utilities Available Electric Common, Hot Water Common

Roof Type Age 8 Years or Less,Architectural Shingle,Metal

Accessibility No Stairs External, No Stairs Internal

Total Parking Spaces 9

Building

Lot Description Tree Coverage - Light

Water Private, Shared System, Well

Structure Type Frame

Others

Senior Community No

Tax ID 02000110082000

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Listed by Andrew Yaggie Real Estate

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