418 West Main Street

Arlington, MN 55307

$450,000
Price
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Beds
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per Sq. Ft.

Description

Spectacular commercial properties available in downtown Arlington! Offers 12,000+ square feet with 7 leased units including 4 commercial spaces and 3 residential apartments with room to expand. Sale includes buildings and vacant lot behind. Turn-key property with lots of updates throughout offers excellent cash flow!Spectacular commercial properties available in downtown Arlington! Offers 12,000+ square feet with 7 leased units including 4 commercial spaces and 3 residential apartments with room to expand. Sale includes buildings and vacant lot behind. Turn-key property with lots of updates throughout offers excellent cash flow!
  1. Listed by RE/MAX Advantage Plus

Property Details for 418 West Main Street

Zoning Jurisdiction
Business/Commercial

Location

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LISTING UPDATED: 04/04/2024 09:37 AM

Property Details for 418 West Main Street

StatusActive
MLS #6512414
Days on Compass33
Taxes$12,716 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1959
Lot Size0.42 AC / 18,295 SF
CountySibley County

Location

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Building Information for 418 West Main Street

Stories-Residences7Year Built1959Lot Size0.42 AC / 18,295 SF

Payment Calculator

$3,516 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,456

Property Taxes

$1,060

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 418 West Main Street

Summary
Location and General Information
  • City Name: Arlington
  • County Or Parish: Sibley
  • County: Sibley-MN
  • Directions: Hwy 5 into Arlington, East on Main Street to property
  • Latitude: 44.606919
  • Longitude: -94.082456
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Arlington
  • City and Location Text: Arlington(MN)
  • Postal Code: 55307
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels Description: 310107000
  • Additional Parcels: Yes
  • Parcel Number: 310101000
  • Tax Annual Amount: $12,716.00
  • Tax Legal Description: ORIGINAL CITY ARLINGTON LOT-003 BLOCK-017 LOT 3-4 & BEG AT NW COR OF LOT TO BEG 2 TH E 29" S 120.75' W 24" N
  • Tax Other Annual Assessment Amount: $198.00
  • Tax Year: 2024
  • Tax With Assessments: 12914.0000
School Information
  • High School District: 2310 - Sibley East
  • School District Number: 2310
  • School District Phone: 507-964-2292
Property
Lot Information
  • Current Use: Commercial, Residential
  • Lot Size Area: 0.42
  • Lot Size Dimensions: .42
  • Lot Size Units: Acres
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Building Area Total: 10897.0
Property and Assessments
  • Age Of Property: 65
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate, Heating Separate, Hot Water Separate
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1104.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street
  • Roof: Metal, Rubber
Interior Features
  • Basement Type: Block, Partial
  • Cooling: Central Air
  • Heating: Forced Air
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 0
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
Unit 2
  • Unit Type Actual Rent: $675.00
  • Unit Type Baths Total: 0
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
Unit 3
  • Unit Type Actual Rent: $675.00
  • Unit Type Baths Total: 0
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: MAIN
Unit 4
  • Unit Type Actual Rent: $1,250.00
  • Unit Type Baths Total: 0
  • Unit Is Leased: 1
  • Unit Level: MAIN
Unit 5
  • Unit Type Actual Rent: $400.00
  • Unit Type Baths Total: 0
  • Unit Is Leased: 1
  • Unit Level: MAIN
Unit 6
  • Unit Type Actual Rent: $550.00
  • Unit Type Baths Total: 0
  • Unit Is Leased: 1
  • Unit Level: MAIN
Unit 7
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 0
  • Unit Is Leased: 1
  • Unit Level: MAIN

Property History for 418 West Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 418 West Main Street

Taxable ValueLand$18,600Additions$535,000Total$553,600
Tax Record2023$11,494 ($958 / month)
Home Facts
StyleMiscellaneous CommercialCountySIBLEYAPN31.0101.000

Schools near 418 West Main Street

This home is within Sibley East School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Sibley East-Gaylord Elementary School
PublicPK to 5

Sibley East-Arlington Elementary School
PublicPK to 6

Sibley East-Gaylord Junior High School
Public6 to 8

Sibley East-Arlington Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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418 West Main Street is a mixed use property for sale in Arlington, MN 55307. This property was listed for sale on April 2, 2024 by RE/MAX Advantage Plus, it's currently listed at $450,000. This listing's school district is Sibley East School District. Nearby schools include Sibley East-Gaylord Elementary School, Sibley East-Arlington Elementary School and Sibley East-Gaylord Junior High School. 418 West Main Street is a 0-bed, 0-bath, mixed use property built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Advantage Plus

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 04/04/2024 09:37 AM