For Sale: Wadena MLS# 6690985
Active
$250,000
Commercial: Office
Built 1940
0.16 acres
Wadena-Deer Creek schools
MLS# 6690985
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Property Description
Income earning opportunity in downtown Wadena! Don't miss your chance to own this nearly 7000 square foot office building that produces steady rental income with the potential for so much more. Property features 4 rented units with the possibility of renting up to 8! Not only is this a great location just a few blocks from the intersection of Highway 10 and 71, but the building is in great shape. Wadena is a growing community that is home to over 4, 000 residents, an 18 hole golf course, brewery, retail shops, many restaurants and so much more. Call today for a showing!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$250,000
Property Type:
Commercial
City:
Wadena
Garage Spaces:
0
County:
Wadena
Year Built:
1940
State:
MN
Property Style:
Office
Zip Code:
56482
Interior
Basement Details:
Slab
Exterior
Stories:
One
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
6,860 ft2
Foundation Dimensions:
49x140
Handicap Accessible:
No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
Baseboard
Parking Features:
On-Street Parking Only
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
- Block
- Other
Roof Details:
- Flat
- Rubber
Lot & Land
Acres:
0.16
Geolocation:
46.43851, -95.138359
Inclusions:
Building, Leases, Other
Lot Dimensions:
50 x 140
Zoning:
Business/Commercial
Schools
School District:
2155
District Phone:
218-632-2155
Expenses
Annual Gross Expense:
$7,500
Tenant Expenses:
Other, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,576
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,576
Income
Annual Gross Income:
$25,200
Rent
Annual Net Income:
$17,700
Units
Total Units:
8
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Hinkle Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.