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About the Listing 49818 - 498000415
Mixed-Use Investment Property – Main Ave, Frazee Outstanding investment opportunity in the heart of Frazee! This well-maintained mixed-use building offers a diversified income stream with both residential and commercial tenants in place. The property includes a one-bedroom apartment and a two-bedroom apartment, both currently leased, along with a commercial space currently occupied by a restaurant tenant. A fourth unit — unfinished and ready to be built out as additional office or apartment space — offers exciting upside potential for a buyer looking to add value. Situated on Main Ave with excellent road frontage and convenient side street parking, this property benefits from strong visibility and accessibility. Numerous updates have been completed throughout, including improvements to the commercial space and both residential apartments. Two unfinished basement areas provide ample utility and storage space. Sold with two parcels included, and no special assessments — a clean, turnkey opportunity for investors seeking immediate cash flow with room to grow. Don't miss this rare chance to own a versatile, income-producing property in a prime downtown location!
Listing Highlights
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: Baseboard,Boiler,Hot Water,Radiant,Electric,Natural Gas
- Fireplaces:
- Floor:
- Basement: Block,Partial,Storage Space,Unfinished
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: .41 acres
- Zoning: Business/Commercial,Residential-Multi-Family
- Roof:
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Gravel,Parking Lot,Units Vary
Financial Details
- Tax Amount: $2,847
- Taxes w/Assessments: N/A
- Tax/Property ID: 500045000
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
108 E Main Ave Frazee, MN 56544
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