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$299,000

Right off I-35 in Pine City, this mixed-use building is already generating income and still has room to run. At $299,000 with a fully occupied gross monthly income of $5,300, the math works. The main level offers a professionally finished commercial suite with a lobby, three private offices, and a large gathering room that flexes well for meetings, classes, training, or events. One commercial tenant is already in place, with remaining office and gathering space ready for a new occupant. Office suites lease at $600/month and the gathering room at $1,800/month. The lower level includes a clean, updated one-bedroom apartment currently vacant and ready to rent at approximately $1,100/month, plus an unfinished area with real potential: convert it to a second apartment and add another income stream, or finish it as additional commercial space. Two private garages complete the picture, one currently rented at $300/month, one available. The lot parks 12 cars, and the location is walkable to nearby businesses and amenities, which matters for any commercial tenant bringing clients or staff through the door daily. This works for the business owner who wants a professional home base and wants the building to help pay for itself, and it works equally well for the cash flow investor ready to lease the full commercial level and let the numbers do the work. The layout supports both strategies and the upside on that unfinished lower level is real. The seller is open to creative financing and willing to carry a portion, which makes an already accessible price point even more flexible. Well maintained, updated throughout, and priced to move.

1 Beds ⋅ 3 Baths ⋅ 7096034 MLS

875 7th Street SW, Pine City

Listing courtesy of Brick & Banister Real Estate.

$225,000

This property lies amongst mature trees with beautiful views of the popular Pokegama Lake/.72 acre site with historic brick building. Eagles soaring, tranquil beauty all around! It's a total rehab project. The property offers access to community well, city sewer, views of Lake Pokegama and across the street is the back waters of the Snake River which connects to the Lake. Great location, centrally located between the metro area and Duluth just off of Interstate 35 just west of Pine City, and near many recreational lakes for fishing and water sports. Boat landing 2 blks away! Come with your ideas for renovation of this unique building. Senior Rental or a Multifamily Rental? Sold AS IS. It was built as a Sanatorium in 1920.Current zoning is High Density Residential and commercia.Full disclosure, there are no actual Bed RM's, and plumbing is in however no bathrooms. Entire bldg is a clean slate to create your dream. Agent to Verify all measurements. Enter the building at your own risk.

12 Beds ⋅ 7 Baths ⋅ 7054717 MLS

10035 Pokegama Lake Road Drive, Pine City

Listing courtesy of RE/MAX Advantage Plus.