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512 Balsam Avenue Frazee, MN $ 1,650,000
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$ 1,650,000 Get more info
512 Balsam Avenue
$ 1,650,000
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Share Save

512 Balsam Avenue

Frazee, MN, 56544
$ 1,650,000
Baths0.0 Sq 1,800

Monthly Estimate*

$ 11,526

512 Balsam Avenue, Frazee, MN 56544 - Image 1
512 Balsam Avenue, Frazee, MN 56544 - Image 2
512 Balsam Avenue, Frazee, MN 56544 - Image 3
512 Balsam Avenue, Frazee, MN 56544 - Image 4
512 Balsam Avenue, Frazee, MN 56544 - Image 5
512 Balsam Avenue, Frazee, MN 56544 - Image 6
512 Balsam Avenue, Frazee, MN 56544 - Image 7
512 Balsam Avenue, Frazee, MN 56544 - Image 8
View a Virtual Tour
Studio

Commercial Property for sale in Frazee, MN

for $1,650,000. This 1,800 square foot building was built in 1998 on a lot size of 10.41.

Seller offering $15,000 credit towards buyer's closing costs. 9% Cap Rate! Albertson Lake MHC is ready for a lucky new owner to take over a great opportunity. This is a rare opportunity to buy an income producing park in the heart of lakes country. Frazee is a small community located just off Hwy 10 between Detroit Lakes and Frazee. You won't find many MHC's maintained and improved like this one. Comprised of 31 lots (room to add) Albertson Lake MHC sits on a nearly 11 acre lot with 580 FF overlooking Albertson Lake. City water, sewer, and asphalt paved road updated in 2022. There is a 30x30 shop with full basement (storm shelter) located at the rear of the property towards the lake. 11 trailers owned by park, the remaining are all lot rents. Inquire today for financial info, and start or improve your investment portfolio!

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Commercial Active

Price

$ 1,650,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,202

Style

Business,,Resort

Lot Size

10.41

Year Built

1998

Town/City

Frazee

County/Region

Becker

MLS | Web ID

6491367
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Utilities Electric Separate Heating Separate Hot Water Separate
Garage Spaces 2
Construction Materials Steel Siding
Year Built 1998
Tenant Pays All Utilities Cable TV Electricity Insurance Sewer Trash Collection Water
View Lake
Property SubType Business Other Resort
Tax Year 2023
Current Use Commercial Residential
Gross Income 171900
Waterfront Features Lake Front
Accessibility None
County Becker
Net Operating Income 147562
Operating Expense 24338.64
Insurance Expense 4200
Property Type Commercial Sale
Contingency None
Possible Use Investment Manufactured Home
Directions CR 10 to South River/ E Main turn east on Balsam Ave to Albertson Lake MHC on right.
City Frazee
Buyer Agent Compensation 2.00
Body of Water Albertson
High School District Frazee-Vergas
Zoning Description Business/Commercial
Total Units 31
Waterfront Y/N Y
Street Name Balsam
Land Lease Y/N N
Tax Annual Amount 9202
Trash Expense 491.48
Water Sewer Expense 0
Additional Parcels Y/N N
Virtual Tour https://player.vimeo.com/video/915371592?badge=0&autopause=0&player_id=0&app_id=58479
Days on Market 69
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features More Parking Onsite for Fee RV Access/Parking
Lot Features Accessible Shoreline Irregular Lot Tree Coverage - Light Underground Utilities
Water Source City Water/Connected
Inclusions Building Business Assets Land Leases Other
Lot Size Area 10.41
Building Area Total 1800
Lot Dimensions Irregular
Lot Size Units Acres
Foundation Area 900
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Interior
Basement (Y/N) N
Street Suffix Avenue
Foundation Dimensions 30x30
Fuel Electric Natural Gas
Garage Dimensions 30x30
Garage Square Feet 900
Lake Acres 73
Waterfront Feet 580
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Internal Only
Street Number 1 512
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* Excluded Features
List By
The Real Estate Company Of Detroit Lakes

Broker

cnord@mnlakesrealtor.com

Email

Affordability Calculator

$12,293
Per Month
94%
6%
0%
Monthly Principal & Interest
$11,526
Monthly Property Taxes
$767
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
709014 Elementary School
709340 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/21/2024$165,000 Listed Price

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512 Balsam Avenue, Frazee, MN, 56544 is a Commercial Property for sale at $1,650,000 with 1,800 sqft and a lot size of 10.41. 512 Balsam Avenue is a studio with 0.0 baths and was built in 1998. The property's zip code is 56544 which is in Frazee, MN

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