115 1st ST W, Milaca, MN 56353 - MLS#6794123

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Nick Leavy

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

$215,000

Est. payment - /mo

4 Beds

2 Baths

1,742 SqFt

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UPDATED:

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

Acres 0.04

Lot Dimensions 25x77x20x6x4x10x68

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

Direction From Mille Lacs County Sheriff's Office Head toward 7th Ave SE on 3rd St SE. Go for 463 ft. Turn right onto Hwy 23 E (MN-23). Go for 0.5 Mi. Turn on Central Ave S (CR-36) Go for 0.3 mi. Turn left onto 1st St SW. Go for 69 ft. End at 115 1st St SW, Milaca. Minnesota 56353-1011

Rooms

Basement Full, Poured Concrete, Unfinished

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

Accessibility None

Building

Foundation Other

Water City Water/Connected

Others

Senior Community No

Tax ID 210410300

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Listed by Century 21 Moline Realty Inc

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