Highly Versatile, Rental & Commercial Building in Sleepy Eye

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Highly Versatile, Rental & Commercial Building

229 Main St West

Sleepy Eye, MN

Price: $94,900

RASM MLS: 126976

2016 Taxes: $1,366


Main Floor: 5,780 sq ft retail/office space. Front east room 71×23.5 w/half bath & plate glass window. Currently rented to business. Front west room 59.5 x 23.5.  Rear west room 38.5×24. Rear east room 29 x 23.5.  Rear of main floor has 24×30 shop space w/over head door and concrete loading dock in alley. Could be separated into several businesses, combination of business & residence or w/conditional use approval, 4 additional resident rental units. Main floor has separate hot water heaters, 1 for each half. West half of main floor has central air.

Second Floor has 3-2 bdrm apts, 1 studio and 1 apt with potential 3 bdrms. Apartments have kitchen w/refrig & stove, window a/c, hot water heat & full bath. Rent incl. heat, & 1 stall garage. Renter  pays own elec & garbage. There is a balcony at the back of the building above the main floor  shop and clothes dryer. Replacement windows were recently replaced.

Basement, Garage & Utilities: Block foundation w/large open area used as rental storage space. Basement has drive down access from back alley for vehicle storage. Natural gas boiler for hot water heat. City water & sewer and a working cistern. Tin roof was  new in 2008. 4 stall garage in back w/alley access has overhead doors.

2015 Rental Income:

Bsmt  $1,200**

Apt 1   $6,175

Apt 2   $6,000

Apt 3   $5,400

Apt 4   $5,700

Apt 5   $2,100

Main Floor Bsn   $1,200***

Total    $27,775   **    Addl Storage of cars & cycles

*** Main floor business 6 mo rent

2015 Expenses:

Taxes $1,468

Heat   $4,493

Insurance $1,263

Elec and Water $2,421

Total        $9,645


Broker/ Realtor: Matt Mages 507-276-7002

Realtors: Larry Mages 507-228-8352; Joe Maidl 507-276-7749

JC Chrest 612-269-6271; Amy Burns 507-766-3744

Deb Fischer 507-240-0546; Colleen Braun 507-240-3662