602 S Rum River Drive, Princeton, MN 55371

$12
Property Type: Commercial Lot Size (sq. ft.): 19,166 Status: Active
Current Price: $12 List Date: 5/12/2026 Last Modified: 6/02/2026

Overview

Description

Extremely well built, freestanding commercial building on busy South Rum River Drive near downtown and Hwy 169. Endless possibilities with current commercial zoning. The spancrete trusses allow for an open usable lower level and the phase three electrical will meet the highest of demand uses. Strong street exposure with signage, sufficient off street parking and an additional lot for storage, fencing, addition, etc. See supplements for the full legal addition and the lists of allowable uses. CAM and other lease terms negotiable, bring your ideas. Broker is owner and is open for discussing the many uses and possibilities for this unique property.

Listing Details MLS# 7068050

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Owner Occupied
No
Waterfront Present
No
Year Built
1992
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3600
Power Company
Princeton Public Utilities
For Sale or Lease
For Lease
Acres
0.44
Lot Dimensions
91 x 209
Assessment Pending
No
Other Parking Spaces
0
Garage Stalls
0

Property Features

Accessible: Doors 36"+; Grab Bars In Bathroom Air Conditioning: Central Air Amenities Unit: Indoor Sprinklers; Security Lights; Security System Appliances: Dryer; Refrigerator; Washer Basement: Concrete Block; Full CMU Style: Business Opportunity; Freestanding; Mixed Use; Office; Other; Retail/Shopping Center Construction Materials: Concrete Construction Status: Previously Owned Current Use: Vacant Exterior: Brick/Stone Flooring: Carpet; Concrete Slab; Floor Drains; Heavy Duty Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lease Details: Other Location Description: Free Standing Lock Box Type: Combo Lot Description: Corner Lot Miscellaneous Information: Building Sign; Exterior Lighting; Pole Sign; Three Phase On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot; Paved Lot Potential Use: Diversified; Lounge/Bar; Office; Other; Professional; Retail Rent Rate per Foot: Per Foot Roof: Age 8 Years or Less; Asphalt Shingles Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Original List Price
12
Contingency
None
ListPrice
12
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
602
Street Direction Prefix
S
Street Name
Rum River
Street Suffix
Drive
Postal City
Princeton
County
Mille Lacs
State
MN
Zip Code
55371
Complex/Dev/Subdivision
Ross-Mere

Additional Parcels Information

Property ID #2
247610650

Assessments

Tax With Assessments
8282
Assessment Balance
0

More Information

Basement

Foundation Dimensions
63 X 58
Concrete Block
Yes
Full
Yes

Building Information

Building Finished SqFt
3600
Building SqFt
7200

Lease Details

Land Leased
Not Applicable
Lease Amount Type
Square Foot
Other
Yes

Miscellaneous Information

Homestead
No
Building Sign
Yes
Exterior Lighting
Yes
Pole Sign
Yes
Three Phase
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
26
Section#
33
Township#
36

Sale Options

Sale Includes
Other

Unit Details

Total Units
Yes

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
ROSS-MERE LOT 2 BLK 7 EX E 90 FT AND ROSS-MERE E 90 FT OF LOT 2 BLK 7
Listing City
Princeton
Map Page
236
Municipality
Princeton
School District
Princeton
School District Phone
763-389-2422
Zip Plus 4
9541
Property ID Number
247610660
Tax Year
2025
Tax Amount
8282
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Extremely well built, freestanding commercial building on busy South Rum River Drive near downtown and Hwy 169. Endless possibilities with current commercial zoning. The spancrete trusses allow for an open usable lower level and the phase three electrical will meet the highest of demand uses. Strong street exposure with signage, sufficient off street parking and an additional lot for storage, fencing, addition, etc. See supplements for the full legal addition and the lists of allowable uses. CAM and other lease terms negotiable, bring your ideas. Broker is owner and is open for discussing the many uses and possibilities for this unique property.
Directions
Hwy 169 to S Rum River Dr

Accessible

Doors 36"+
Yes
Grab Bars In Bathroom
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Indoor Sprinklers
Yes
Security Lights
Yes
Security System
Yes

Appliances

Dryer
Yes
Refrigerator
Yes
Washer
Yes

Construction Materials

Concrete
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Flooring

Carpet
Yes
Concrete Slab
Yes
Floor Drains
Yes
Heavy Duty
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Lock Box Type

Combo
Yes

Lot Description

Corner Lot
Yes

Parking Characteristics

Parking Lot
Yes
Paved Lot
Yes

Roof

Age 8 Years or Less
Yes
Asphalt Shingles
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Water

City Water/Connected
Yes

No. of Refrigerators

One
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Business Opportunity
Yes
Freestanding
Yes
Mixed Use
Yes
Office
Yes
Other
Yes
Retail/Shopping Center
Yes

Current Use

Vacant
Yes

Location Description

Free Standing
Yes

Potential Use

Diversified
Yes
Lounge/Bar
Yes
Office
Yes
Other
Yes
Professional
Yes
Retail
Yes

Rent Rate per Foot

Per Foot
Yes

Documents

IDX
Listing Office: Minnkota Realty, LLC
Last Updated: June - 02 - 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.
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