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Richmond, MN 56368

$132,500

Property Type: Commercial Bedrooms: 3 Baths: 3 Lot Size (sq. ft.): 3,546 Status: Closed

Current Price: $132,500 List Date: 5/18/2026 Last Modified: 6/26/2026

Overview

Description

Prime Investment Opportunity! This fully rented property features versatile office space along with two beautifully updated residential units. Both residences have been refreshed with new flooring, modern appliances, and numerous additional upgrades, making them truly move-in ready. With steady rental income already in place, this is a turnkey opportunity you won’t want to miss!

Listing Details MLS# 7075974

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 2
Waterfront YN: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Size SqFt: 3546
Foundation Size: 1625
Garage Stalls: Yes
For Sale or Lease: For Sale
Lot Dimensions: 25x142
Assessment Pending: Yes

Property Features

Accessible: None Air Conditioning: Window Unit(s) Appliances: Microwave; Range; Refrigerator; Trash Compactor Basement: Full CMU Style: Mixed Use Construction Status: Previously Owned Current Use: Office; Residential Exterior: Stucco Financing Terms: Cash Foundation: Other Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional On Site Utilities: Electric Separate; Heating Common; Hot Water Common Owner Pays: Gas; Trash Collection; Water Parking Characteristics: Gravel Lot Road Frontage: City Street Roof: Flat; Rubber Sewer: City Sewer/Connected Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Off Market Date: 2026-06-08
Closed Date: 2026-06-25
Sales Close Price: 132500
Contingency: None
ListPrice: 145000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Richmond
County: Stearns
State: MN
Zip Code: 56368
Complex/Dev/Subdivision: Brunings Add

Assessments

Assessment Balance: 611.8
Tax With Assessments: 1646

Basement

Foundation Dimensions: 25x65
Full: Yes

More Information

Building Information

Building Finished SqFt: 3924

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 240
Gravel Lot: Yes

Public Survey Info

Range#: 31
Section#: 24
Township#: 123

Sale Options

Sale Includes: Building, Leases

Unit 1

Unit Number: Yes
Half Baths: Yes
Total Bathrooms: Yes
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2026-08-31

Unit 2

Full Baths: Yes
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: Main Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 5
Unit Number: 2

Unit 3

Full Baths: Yes
Lease Expiration Date: 2026-03-31
Leased?: Yes
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 5
Unit Number: 3

Unit Details

Total Units: 3

Office/Member Info

Association: SCAAR

Location, Tax and Other Information

Legal Description: 24 -123 -031 W2 OF LOT 11 BLK 20 BRUNING'S ADD
Listing City: Richmond
Map Page: 999
Municipality: Richmond
School District: Rocori
School District Phone: 320-685-4901
Zip Plus 4: 8500
Property ID Number: 74408150000
Tax Year: 2025
Tax Amount: 1034
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Prime Investment Opportunity! This fully rented property features versatile office space along with two beautifully updated residential units. Both residences have been refreshed with new flooring, modern appliances, and numerous additional upgrades, making them truly move-in ready. With steady rental income already in place, this is a turnkey opportunity you won’t want to miss!
Directions: From HWY 23 head North on Grant Ave SW. Turn Right onto Main Street Building will be on Left.

Accessible

None: Yes

Air Conditioning

Window Unit(s): Yes

Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes
Trash Compactor: Yes

Construction Status

Previously Owned: Yes

Exterior

Stucco: Yes

Financing Terms

Cash: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Owner Pays

Gas: Yes
Trash Collection: Yes
Water: Yes

Road Frontage

City Street: Yes

Roof

Flat: Yes
Rubber: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

Tenant Pays

Electricity: Yes

On Site Utilities

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

CMU Style

Mixed Use: Yes

Current Use

Office: Yes
Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Listing Office: Century 21 First Realty, Inc.

Last Updated: June - 26 - 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.