$220,000
$238,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
111 N Rum River DR Princeton, MN 55371
3 Beds
2 Baths
3,833 Sqft Lot
Key Details
Sold Price $220,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Princeton - Original Townsite
MLS Listing ID 6819095
Sold Date 02/12/26
Bedrooms 3
Year Built 1893
Annual Tax Amount $2,260
Tax Year 2025
Contingent None
Lot Size 3,833 Sqft
Lot Dimensions 26x148
Property Description
Rare cash-flowing investment opportunity in Uptown Princeton! This solid multi-use commercial building features two upper-level apartments and a fully operational main-level + lower-level retail/office space. Offering approx. 5,850 sq ft, the building includes a private 6-8 stall parking lot - an uncommon find on Main Street. Interior highlights include 13 ft main-level ceilings with copper tin accents, original wood floors, handicap-accessible bathroom, glass entry doors, and a dry usable lower level with tall ceilings. Recent updates include a 2007 rubber roof (under warranty), separate electrical services (100 amp for apartments, 400 amp for commercial), AC systems, air handler, boiler heat, and supplemental eclectic baseboard. Strong visibility just off Hwy 169 with excellent pedestrian and vehicle traffic. Perfect for owner-occupants looking for retail/office space, or investors seeking stable multi-unit income. A well-maintained and versatile property in a prime location!
Location
State MN
County Mille Lacs
Zoning Business/Commercial
Rooms
Basement Block, Finished, Full
Interior
Heating Baseboard, Boiler, Hot Water
Cooling Window Unit(s)
Flooring Carpet, Vinyl, Wood
Fireplace No
Appliance Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Exterior
Parking Features Other, Paved Lot, Open
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Roof Type Age Over 8 Years,Flat,Rubber
Present Use Residential,Retail
Building
Story Two
Foundation 1950
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Block,Brick,Concrete,Steel Siding
New Construction false
Schools
School District Princeton
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