101-107 N Rum River Dr
Princeton, MN 55371
Princeton - Office/Retail · Retail Property For Sale

COMMERCIAL BUILDING – PRINCETON, MN TIMED ONLINE AUCTION LOCATION: From Princeton, MN, 1 mile from the intersection of Hwy 169 & MN 95E, .25 mile south on Rum River Drive. 105 N Rum River Drive, Princeton, MN 55371 BIDDING OPENS: MONDAY, APRIL 8 CLOSES: TUESDAY, APRIL 16 BEGINNING AT 3:00PM PREVIEW: By appointment AUCTIONEER’S NOTE: After years in the business the Ossell’s have decided to retire! This prime piece of real estate has been in the Ossell family for over 60 years. Located just an hour north of the Twin Cities. This Commercial property on Rum River Drive a highly traveled corridor thru Princeton. To be offered at public auction. This is a long-awaited opportunity for any expanding or new business! You have heard the term location, location, location. This is it! This property will be sold to the highest bidder! Opening Bid $137,000. Building last appraised for over $500,000. Property Information Year Built 1963 City Street parking in front Private customer parking lot in back with 13 spaces Prime corner location 3 entrances Single or Multi-Tenant Building - Building can easily be demised/sub-lease areas Handicap accessible main level Well maintained building Multiple storage rooms in the lower level (4) Furnaces / AC units installed in 2003 (3) Heat/AC zones (2 zones currently servicing Ossells & 1 zone currently servicing tenant area) Electric is 3 phase and it is 60 amp Firestone roof installed in 2001 Utilities Heat (Center Point) budget of $124/month Electric & Water budget of $795/month County Information Retail building 10,981 SF per (Realist) Building area 7,478 (per county records) Full basement Zoning B1 Central Business P.I.D. #: 24-040-0140 Lot size: 0.25 Acre Taxes 2018: $4,784 TERMS: Ten percent down upon signing purchase agreement, payable by cash or check. Balance due at closing within 60 days (June 2019). This is a 5% premium auction. For a detailed Buyer's Prospectus with complete terms and conditions, contact Steffes Group at 320.693.9371, Shelly Weinzetl 763.300.5055, or Eric Gabrielson 701.238.2570 Auctioneers & Clerk: Steffes Group, Inc., 24400 MN Hwy 22 South, Litchfield, MN 55355 320.693.9371 Ashley Huhn MN47-002, Eric Gabrielson MN47-006, Randy Kath MN47-007, Shelly Weinzetl MN47-017, Scott Steffes MN14-51 SteffesGroup.com