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312 Center Street E, Hammond, MN 55991

New Listing

$250,000

Property Type: Commercial Lot Size (sq. ft.): 871 Status: Active

Current Price: $250,000 List Date: 6/11/2026 Last Modified: 6/11/2026

Overview

Description

Incredible turnkey investment opportunity in the picturesque Zumbro River Valley! This unique, well-maintained mixed-use building offers four distinct revenue streams. The upper level features two updated residential apartments: one occupied by an excellent long-term tenant and the second operating as a successful short-term vacation rental. The main level offers accessible commercial storefronts, including a complete commercial kitchen/cafe space and a separate office/bar setup. The building features recent mechanical, cosmetic, and utility updates throughout with separate meters in place. A massive double side lot with a built-in stage adds incredible expansion or event-hosting potential to capture heavy seasonal traffic from river recreationists, cyclists, and tourists.

Listing Details MLS# 7087921

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront YN: No
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 2200
For Sale or Lease: For Sale
Acres: 0.02
Lot Dimensions: 0.02
Assessment Pending: Unknown
Other Parking Spaces: 0
Garage Stalls: 0

Property Features

Accessible: Partially Wheelchair CMU Style: Apartments and Retail Construction Status: Previously Owned Current Use: Residential; Retail Exterior: Brick/Stone; Wood Foundation: Stone Fuel: Propane Heating: Forced Air Location Description: Downtown Miscellaneous Information: Building Sign; Display Window On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 250000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 312
Street Name: Center
Street Suffix: Street
Street Direction Suffix: E
Postal City: Hammond
County: Wabasha
State: MN
Zip Code: 55991
Complex/Dev/Subdivision: East Hammond

Assessments

Tax With Assessments: 1632
Assessment Balance: 0

Building Information

Building Finished SqFt: 4400

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No
Building Sign: Yes
Display Window: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 13
Section#: 27
Township#: 109

Sale Options

Sale Includes: Building

Unit Details

Total Units: 4

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: SECT-27 TWP-109 RANGE-013 EAST HAMMOND C0DE # 66 LOT 26 & PART OF LOT 25 DESC IN B116 OF D, P171 & IN B62 OF D, P567 & 1/2 VAC ALLEY ADJ
Listing City: Hammond
Map Page: 999
Municipality: Hammond
School District: Rochester
School District Phone: 507-328-3000
Zip Plus 4: Yes
Property ID Number: R200009100
Tax Year: 2025
Tax Amount: 1632
In Foreclosure?: Not disclosed
Potential Short Sale?: Not disclosed
Lender Owned?: Not disclosed

Directions & Remarks

Public Remarks: Incredible turnkey investment opportunity in the picturesque Zumbro River Valley! This unique, well-maintained mixed-use building offers four distinct revenue streams. The upper level features two updated residential apartments: one occupied by an excellent long-term tenant and the second operating as a successful short-term vacation rental. The main level offers accessible commercial storefronts, including a complete commercial kitchen/cafe space and a separate office/bar setup. The building features recent mechanical, cosmetic, and utility updates throughout with separate meters in place. A massive double side lot with a built-in stage adds incredible expansion or event-hosting potential to capture heavy seasonal traffic from river recreationists, cyclists, and tourists.
Directions: Take US-52 N for 11 miles, then take the MN-60 exit toward Zumbrota. Turn right onto MN-60 E and follow it for 17 miles. Turn right onto MN-47 S/MN-60 E, then turn left onto County Rd 11/Center St. The property will be on your left.

Accessible

Partially Wheelchair: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Wood: Yes

Foundation

Stone: Yes

Fuel

Propane: Yes

Heating

Forced Air: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Apartments and Retail: Yes

Current Use

Residential: Yes
Retail: Yes

Location Description

Downtown: Yes

Listing Office: Realty Growth Inc.

Last Updated: June - 11 - 2026

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.