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116 W Jessie St 3,400 SF Retail Building Rushford, MN 55971 $315,000 ($92.65/SF)
Investment Highlights
- Rental Income of $2,500 a Month on the apartments.
- First floor retail coffee space with kitchen and drive through.
- Owner can rent or occupy the retail space.
- Located in the heart of downtown Rushford.
Executive Summary
Rare mixed-use investment opportunity in the heart of downtown Rushford! Fully renovated in 2013, including major updates to the plumbing, electrical, bathrooms, and utilities, this well-maintained property offers exceptional versatility and income potential. The main level features a vacant commercial space that was most recently operated as a coffee shop and café, complete with a kitchen, drive through, pressed-tin ceilings, beautiful inside seating area, and sidewalk café seating, making it ready for your next business venture or tenant.
The property also includes three residential units: a one-bedroom, one-bath unit, a two-bedroom, one-bath unit, and a three-bedroom, one-bath unit, providing immediate rental income from three occupied residential units while you lease or occupy the commercial space. Whether you're an investor or an entrepreneur, this is a rare opportunity to own a character-filled, income-producing property in the heart of downtown Rushford.
The property also includes three residential units: a one-bedroom, one-bath unit, a two-bedroom, one-bath unit, and a three-bedroom, one-bath unit, providing immediate rental income from three occupied residential units while you lease or occupy the commercial space. Whether you're an investor or an entrepreneur, this is a rare opportunity to own a character-filled, income-producing property in the heart of downtown Rushford.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,400 SF
Building Class
C
Year Built/Renovated
1883/2013
Price
$315,000
Price Per SF
$92.65
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.32 AC
Zoning
Commercial & Residential - Commercial Land and building/ Residential
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 06.0262.000 | Improvements Assessment | $83,600 |
| Land Assessment | $14,100 | Total Assessment | $97,700 |
Property Taxes
Parcel Number
06.0262.000
Land Assessment
$14,100
Improvements Assessment
$83,600
Total Assessment
$97,700
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