115 1st Street W, Milaca, MN
$225,000
3,200
Square feet
0.04
Acres
About 115 1st Street W
Downtown Milaca Gem – Live, Work & Invest All in One! Welcome to 115 1st Street W, a rare opportunity in the very heart of Milaca’s thriving downtown. This 3,200 sq. ft. mixed-use property combines prime visibility with built-in income — the perfect setup for entrepreneurs and investors alike. The Commercial Space: The main level is wide open and ready for your vision. Flooded with natural light from two large street-facing windows, it’s the perfect blank canvas for your storefront, office, boutique, or studio. Maximum exposure, endless potential. The Residences: A spacious 3-bedroom, 1-bath apartment upstairs, perfect for steady rental income or even owner occupancy. A convenient efficiency apartment on the lower level, also income-producing. Both units are currently occupied with month-to-month tenants, giving you instant cash flow and the flexibility to adjust as you wish. Key Highlights: New A/C unit installed in 2024, vibrant downtown location with excellent foot traffic, live where you work, or let your tenants cover your mortgage and multiple income streams make this property one smart investment! This is more than just real estate — it’s a built-in business plan waiting for the right buyer. With the commercial space ready for your vision and tenants already in place, opportunities like this don’t come around often. Don’t miss your chance to own a piece of downtown Milaca.
Features of 115 1st Street W
| MLS® # | 6794123 |
|---|---|
| Price | $225,000 |
| Square Footage | 3,200 |
| Acres | 0.04 |
| Year Built | 1909 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Style | Mixed Use |
| Status | Active |
| Contingency Type | None |
Community Information
| Address | 115 1st Street W |
|---|---|
| Subdivision | First Add To Milaca |
| City | Milaca |
| County | Mille Lacs |
| State | MN |
| Zip Code | 56353 |
Amenities
| Garages | Unassigned, Open |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Cooktop, Dryer, Range, Refrigerator, Washer |
|---|---|
| Heating | Baseboard, Forced Air |
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full, Concrete, Unfinished |
Exterior
| Roof | Age Over 8 Years, Pitched, Rubber |
|---|---|
| Construction | Brick/Stone |
School Information
| District | Milaca |
|---|
Additional Information
| Zoning | Business/Commercial |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $1,597 |
| Tax Year | 2025 |
| Office | Century 21 Moline Realty Inc |
Listing Details
| Office | Century 21 Moline Realty Inc |
|---|