Owatonna, MN 55060,109 E School ST
Owatonna, MN 55060,109 E School ST
Owatonna, MN 55060,109 E School ST
Owatonna, MN 55060,109 E School ST
Owatonna, MN 55060,109 E School ST
Owatonna, MN 55060,109 E School ST
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$232,000

$218,500

6.2%
Est.Price: ?

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Est. payment /mo

0.28 Acres Lot


SOLD DATE : 06/16/2021

Key Details

Sold Price $232,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Phelps Add

MLS Listing ID 5750224

Sold Date 06/16/21

Year Built 1878

Annual Tax Amount $1,760

Tax Year 2021

Contingent None

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 135 x 96

Property Description

OPPORTUNITY plus VISION equals AMAZING POTENTIAL! This unique property offers a variety of income possibilities for out-of-the-box thinkers.
The main level currently houses a very nice 1 BR apartment with both front and side access, and adjacent patio space leading to a 2-stall garage.The second main level space is being used for business purposes but could be reconverted to a studio apartment. On the second floor are 3 separate rental spaces - one is a large studio apartment, the second is a 1 BR unit and the third is an efficiency apartment. Imagine the possibilities: a combined workspace and living space with additional rental income, short or long term rental options as an alternative to hotel living, or anything else you can envision! The property has been very well maintained over the years, and has been updated with an eye to quality and functionality. High ceilings, beautiful tall windows and ample off-street parking add to the character and value of this exceptional property.

Location

State MN

County Steele

Zoning Business/Commercial

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Window Unit(s)

Fireplace No

Appliance Gas Water Heater, Water Softener Owned

Exterior

Garage Detached, Concrete

Garage Spaces 2.0

Utilities Available Electric Separate, Hot Water Separate

Roof Type Asphalt

Present Use Residential

Parking Type Detached, Concrete

Building

Lot Description Corner Lot, Tree Coverage - Medium

Story Two

Foundation 1088

Sewer City Sewer/Connected

Water City Water/Connected, City Water - In Street

Level or Stories Two

Structure Type Brick/Stone

Schools

School District Owatonna

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Listed by Matthew Gillard • RE/MAX Venture

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