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$55,000  (list price)
$55,000
/mo Edit
Commercial:  Other
3 br • 3 ba • Built 1945
0.071 acres
MLS# 6639819
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    Property Description

    Discover a prime investment opportunity in downtown Aurora, MN - a versatile property combining commercial potential with residential living. The ground floor offers a strategic business space with excellent street visibility, perfect for entrepreneurs seeking a dynamic location. Upstairs, a spacious 3-bedroom apartment awaits transformation, presenting an exciting opportunity for value-add renovation and rental income. This unique property is ideal for investors wanting a live-work solution, featuring a flexible layout that maximizes both commercial and residential potential. With its prime downtown setting, the property promises high foot traffic and community appeal. For the visionary buyer ready to invest and reimagine a promising space, this Aurora property represents an exceptional real estate opportunity. Some handyman love will unlock its full potential, making it a standout investment in the local market. Call for a tour!

    Listing

    Contingency: None
    City: Aurora
    County: St. Louis
    State: MN
    Property Style: Other
    Zip Code: 55705
    Subdivision Name: Aurora 1st Div

    Interior

    Exterior

    Garage Spaces: 0
    Foundation Size: 1,512 ft2
    Foundation Dimensions: 63x24
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: None

    Lot & Land

    Acres: 0.071
    Geolocation: 47.528495, -92.237201
    Inclusions: Building
    Lot Dimensions: 118 x 25
    Zoning: Business/Commercial

    Schools

    District Phone: 2182293321

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $1,212
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,212

    Units

    Total Units: 2

    Miscellaneous

    Current Use: Commercial
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Common
    Water System: City Water/Connected

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.