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205 NE 3rd St
Waite Park, MN 56387
Crossroads Lofts & Shops · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Location
- Mixed use
- New construction
Property Facts
| No. Units | 8 | Lot Size | 0.38 AC |
| Property Type | Multifamily | Building Size | 11,712 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2019 |
| Building Class | B | Parking Ratio | 2.05/1,000 SF |
| Zoning | Commercial/Residential - Preliminary approval has just been received from the City of Waite Park to convert the main floor space into residential apartments. | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.38 AC |
| Building Size | 11,712 SF |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | Commercial/Residential - Preliminary approval has just been received from the City of Waite Park to convert the main floor space into residential apartments. |
About 205 NE 3RD ST , WAITE PARK, MN 56387
For sale: The entire building with 8 loft apartments and 3441 ft of retail or office space on the street level. The 6 upper lofts are 1BR plus a den with a covered balcony and the 2 main floor units have 2BRs. All units have fireplaces, granite counter tops, stainless steel appliances and white cabinets and trim. For sale at $1,495,000. Business owners, run your office or retail business in one of four bay spaces totaling 3441 square feet and let the proceeds from the other office or retail space and the eight modern loft units pay for the entire 11,712 square ft building. This is an outstanding investment opportunity!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 773 - 805 |
| 2+1 | 2 | - | 918 |
Property Taxes
| Parcel Number | 98-60666-0080 | Improvements Assessment | $1,104,800 |
| Land Assessment | $182,300 | Total Assessment | $1,287,100 |
Property Taxes
Parcel Number
98-60666-0080
Land Assessment
$182,300
Improvements Assessment
$1,104,800
Total Assessment
$1,287,100
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