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140 8th Avenue, Granite Falls, MN 56241

$250

This space is vacant - a past hair salon

Property Type: Commercial Lot Size (sq. ft.): 4,356 Status: Closed

Current Price: $250 List Date: 1/12/2023 Last Modified: 8/08/2025

Overview

Description

For Sale and for Rent! A great opportunity to purchase a stand alone building close to downtown- 2 units currently rented. Two units available facing 8th Ave. Great parking on 3 sides of the building. These 2 units share a half bath. New shingles in 2020. The electric meters are set up individually for the 4 units, to be tenants' responsibility.

Listing Details MLS# 6313711

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 12
Owner Occupied: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 960
For Sale or Lease: For Lease
Acres: 0.1
Lot Dimensions: 50x90
Garage Stalls: 0

Property Features

Accessible: Doors 36"+; Wheelchair Ramp Air Conditioning: Wall Unit(s) Amenities Unit: Cable; Washer/Dryer Hookup Basement: Full; Storage Space; Unfinished CMU Style: Apartments and Retail; Business Opportunity; Office Construction Status: Previously Owned Current Use: Professional Service; Retail Exterior: Brick/Stone; Stucco; Vinyl Flooring: Carpet; Engineered Wood; Vinyl/Linoleum Fuel: Natural Gas Heating: Boiler; Hot Water Internet Options: Cable; Satellite Lease Details: Gross; Other Loan Terms: Cash Location Description: Downtown Lot Description: Corner Lot; Property Adjoins Public Land; Underground Utilities On Site Utilities: Electric Common; Heating Common; Hot Water Common Owner Pays: Fuel; Insurance; Maintenance/Repair; Taxes Parking Characteristics: Paved Lot; Uncovered/Open Potential Use: Office; Professional; Retail Road Frontage: City Street; Paved Streets Roof: Asphalt Shingles; Flat Sewer: City Sewer/Connected Shared Rooms: Other Stories: Two Tenant Pays: Broadband; Electricity; Snow Removal Topography: Level Water: City Water/Connected

Contract Information

Off Market Date: 2023-02-24
Closed Date: 2023-02-24
Sales Close Price: 250
Original List Price: 650
Contingency: None
ListPrice: 450
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 140
Street Name: 8th
Street Suffix: Avenue
Postal City: Granite Falls
County: Yellow Medicine
State: MN
Zip Code: 56241

Assessments

Assessment Balance: 2803
Tax With Assessments: 2234

Basement

Foundation Dimensions: 62x30+14x30
Full: Yes
Storage Space: Yes
Unfinished: Yes

More Information

Building Information

Building Finished SqFt: 2568
Building SqFt: 4848

Income and Expenses

Annual Electric Expense: 1339
Annual Fuel Expense: 1943
Annual Gross Expenses: 6418
Annual Gross Income: 10000
Annual Insurance Expense: 1796
Annual Net Income: 3582
Annual Water/Sewer Expense: 1339
Annual Caretaker Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable
Lease Amount Type: Monthly
Gross: Yes
Other: Yes

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Land, Leases

Unit Details

Total Units: 4

Office/Member Info

Association: WCAR
MLSID: RMLS

Location, Tax and Other Information

Legal Description: S 90 FT LOT 17 BLK 22
Listing City: Granite Falls
Map Page: 999
Rental License?: No
School District: Yellow Medicine East
School District Phone: 320-564-4081
Zip Plus 4: 3713
Property ID Number: 303002217
Tax Year: 2022
Tax Amount: 1898.24
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: For Sale and for Rent! A great opportunity to purchase a stand alone building close to downtown- 2 units currently rented. Two units available facing 8th Ave. Great parking on 3 sides of the building. These 2 units share a half bath. New shingles in 2020. The electric meters are set up individually for the 4 units, to be tenants' responsibility.
Directions: Take Prentice St, turn west on 8th Ave. building is on your right.

Accessible

Doors 36"+: Yes
Wheelchair Ramp: Yes

Air Conditioning

Wall Unit(s): Yes

Amenities Unit

Cable: Yes
Washer/Dryer Hookup: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Stucco: Yes
Vinyl: Yes

Flooring

Carpet: Yes
Engineered Wood: Yes
Vinyl/Linoleum: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes
Hot Water: Yes

Internet Options

Cable: Yes
Satellite: Yes

Lot Description

Corner Lot: Yes
Property Adjoins Public Land: Yes
Underground Utilities: Yes

Owner Pays

Fuel: Yes
Insurance: Yes
Maintenance/Repair: Yes
Taxes: Yes

Parking Characteristics

Paved Lot: Yes
Uncovered/Open: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes

Roof

Asphalt Shingles: Yes
Flat: Yes

Sewer

City Sewer/Connected: Yes

Shared Rooms

Other: Yes

Stories

Two: Yes

Topography

Level: Yes

Water

City Water/Connected: Yes

Tenant Pays

Broadband: Yes
Electricity: Yes
Snow Removal: Yes

On Site Utilities

Electric Common: Yes
Heating Common: Yes
Hot Water Common: Yes

CMU Style

Apartments and Retail: Yes
Business Opportunity: Yes
Office: Yes

Current Use

Professional Service: Yes
Retail: Yes

Loan Terms

Cash: Yes

Location Description

Downtown: Yes

Potential Use

Office: Yes
Professional: Yes
Retail: Yes

Listing Office: Marshall Area Homes

Last Updated: August - 08 - 2025

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.