114 E Main Street, Pipestone, MN

$310,000

11,700

Square feet

0.09

Acres

About 114 E Main Street

Commercial mixed-use investment opportunity in Pipestone. Own one of the historic buildings of downtown Pipestone. Mixed use building with 12 apartments (most are occupied and rents range from $300 to $500 per month). In addition to the rental units, there are 4 commercial units that are currently vacant. You can rent them out and immediately increase your cash flow! All units metered separately. Coin operated laundry on site for additional income. Newer boiler and brand new hot water heater. Rubber roof installed about 10 years ago. Solid foundation and a sturdy building that just needs some TLC.

Features of 114 E Main Street

MLS® # 6749449
Price $310,000
Square Footage 11,700
Acres 0.09
Year Built 1928
Type Commercial
Sub-Type Building
Style Low Rise
Status Pending
Contingency Type None

Community Information

Address 114 E Main Street
Subdivision Nichols Add
City Pipestone
County Pipestone
State MN
Zip Code 56164

Amenities

Garages On-Street Parking Only
Is Waterfront No
Has Pool No

Interior

Appliances Range, Refrigerator
Heating Boiler
Cooling Window Unit(s)
Fireplace No
Has Basement Yes
Basement Concrete

Exterior

Lot Description Corner Lot
Roof Age Over 8 Years, Rubber
Construction Brick/Stone

School Information

District Pipestone Area Schools

Additional Information

Zoning Business/Commercial,Residential-Multi-Family
Foreclosure No
Short Sale No
Taxes $3,980
Tax Year 2025
Office Edina Realty, Inc.

Listing Details

OfficeEdina Realty, Inc.

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