4472 40th Street West

Webster, MN 55088

$460,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

For Sale 4-unit, 3 apartments & 1 commercial space, 5,636 SF investment property in great condition near Elk New Market, MN. 4472 40th St W, Webster, MN 55044 is a fully leased mixed-use property that includes onsite parking, laundry, and 3 stall detached garage. Well maintained and recently updated, this mixed-use property is only minutes from Elko New Parket and within 30 minutes of the Twin Cities. Very strong tenants with the United States Postal Service as a longtime anchor tenant on the first...For Sale 4-unit, 3 apartments & 1 commercial space, 5,636 SF investment property in great condition near Elk New Market, MN. 4472 40th St W, Webster, MN 55044 is a fully leased mixed-use property that includes onsite parking, laundry, and 3 stall detached garage. Well maintained and recently updated, this mixed-use property is only minutes from Elko New Parket and within 30 minutes of the Twin Cities. Very strong tenants with the United States Postal Service as a longtime anchor tenant on the first floor and 3 occupied apartments above. USPS has been at this location for many years with their current lease through 2028. THe 3 apartments on the second floor, one 1 bedroom & two 2 bedroom, are in great condition with two of them being fully remodeled in 2021. All units have long-term tenants in place. Ample parking with space in front of the building and a lot directly across the street. A detached garage with 3 stalls is located on the property and will be included in the sale.
  1. Listed by RE/MAX Results

Property Details for 4472 40th Street West

Subdivision Name
Townsite/Webster
Zoning Jurisdiction
Business/Commercial

Location

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LISTING UPDATED: 03/05/2024 02:33 PM

Property Details for 4472 40th Street West

StatusActive
MLS #6388740
Days on Compass323
Taxes$4,146 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1940
Lot Size0.18 AC / 7,840 SF
CountyRice County

Location

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Building Information for 4472 40th Street West

Stories-Residences4Year Built1940Lot Size0.18 AC / 7,840 SF

Payment Calculator

$2,856 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,510

Property Taxes

$346

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4472 40th Street West

Summary
Location and General Information
  • City Name: Webster Twp
  • County Or Parish: Rice
  • County: Rice-MN
  • Directions: I-35 to 45th St W, 45th St W to 40th St W
  • Latitude: 44.529412
  • Longitude: -93.351798
  • Map Coordinate: 203-E3
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Webster
  • City and Location Text: Webster(MN)
  • Postal Code: 55088
  • State Or Province: MN
  • Public Survey Township: 112
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 0209125005
  • Tax Annual Amount: $4,146.00
  • Tax Legal Description: N16.5FT L4 EX E20 7/8FT B2 TOWNSITE WEBSTER & ALSO ALL PART NW4 NE4 BEG 180.5FTE OF QUARTER SECTION COR ON N SEC LI OF SEC 9 TH E52.87FT S133FT E26.25FT S15.5FT W12.12FT S16.5FT W67FT N165FT TO BEG
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2022
  • Tax With Assessments: 4146.0000
School Information
  • High School District: 659 - Northfield
  • School District Number: 659
  • School District Phone: 507-663-0629
Property
Lot Information
  • Current Use: Commercial, Professional Service, Residential, Retail
  • Lot Size Area: 0.18
  • Lot Size Dimensions: 55x132
  • Lot Size Units: Acres
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Building Area Total: 5636.0
Property and Assessments
  • Age Of Property: 84
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate, Heating Common
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Partially Wheelchair
  • Foundation Area: 1878.0
  • Fuel: Natural Gas
Interior Features
  • Heating: Baseboard
  • Basement YN: No

Property History for 4472 40th Street West

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4472 40th Street West

Taxable ValueLand$25,900Additions$245,200Total$271,100
Tax Record2023$4,244 ($354 / month)
Home Facts
Total Finished SqFt2,332 SqFtAbove Grade Finished SqFt2,332 SqFtStories2Lot Size7,971 SqFtStyleGovernmental / Public UseYear Built1940CountyRICEAPN02.09.1.25.005

Schools near 4472 40th Street West

This home is within Northfield Public School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Greenvale Park Elementary School
PublicK to 5

Northfield Middle School
Public6 to 8

Northfield Senior High School
Public9 to 12

Northfield Area Learning Center
Public6 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.

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4472 40th Street West is a mixed use property for sale in Webster, MN 55088. This property was listed for sale on June 16, 2023 by RE/MAX Results, it's currently listed at $460,000. It has been on the market for a total of 323 days and was last sold on September 30, 2020. This listing's school district is Northfield Public School District. Nearby schools include Greenvale Park Elementary School, Northfield Middle School and Northfield Senior High School. 4472 40th Street West is a 0-bed, 0-bath, mixed use property built in 1940.

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 Results

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 03/05/2024 02:33 PM