$310,000
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!
3
Beds
⋅
3
Baths
⋅
7131834
MLS
108 E Main Avenue, Frazee
Listing courtesy of Counselor Realty Detroit Lakes.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.