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102 SE 2nd Ave 6,600 SF 25% Leased Industrial Building Elgin, MN 55932 For Sale

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INVESTMENT HIGHLIGHTS

  • 6 units for leasing options for additional income
  • Potential Creative Financing Available
  • Located on busy Highway 42

EXECUTIVE SUMMARY

IGreat opportunity located in Elgin, MN! This commercial building features approximately 6600 s/f of space that has been divided out into multiple suites. Could be perfect for an owner/user who is also looking to add additional income with tenants. Currently the owner occupies one of the suites and is open to potentially leasing back space. Potential creative financing available.

PROPERTY FACTS

Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Build to Suit
Property Type Industrial
Property Subtype Showroom
Building Class C
Lot Size 0.43 AC
Rentable Building Area 6,600 SF
No. Stories 2
Year Built 1920
Zoning Commercial

AMENITIES

  • Storage Space
  • Air Conditioning

UTILITIES

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Texteijl
  • Services
  • -
  • -
  • TBD
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Texteijl Services - - TBD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R-19.00013.00
Land Assessment
$56,600
Improvements Assessment
$168,800
Total Assessment
$225,400
  • Listing ID: 38521790

  • Date on Market: 9/10/2025

  • Last Updated:

  • Address: 102 SE 2nd Ave, Elgin, MN 55932

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