108 E Main AvenueFrazee, MN 56544

Description

Mixed-Use Investment Property – Main Ave, Frazee Outstanding investment opportunity in the heart of Frazee! This well-maintained mixed-use building offers a diversified income stream with both residential and commercial tenants in place. The property includes a one-bedroom apartment and a two-bedroom apartment, both currently leased, along with a commercial space currently occupied by a restaurant tenant. A fourth unit — unfinished and ready to be built out as additional office or apartment space — offers exciting upside potential for a buyer looking to add value. Situated on Main Ave with excellent road frontage and convenient side street parking, this property benefits from strong visibility and accessibility. Numerous updates have been completed throughout, including improvements to the commercial space and both residential apartments. Two unfinished basement areas provide ample utility and storage space. Sold with two parcels included, and no special assessments — a clean, turnkey opportunity for investors seeking immediate cash flow with room to grow. Don't miss this rare chance to own a versatile, income-producing property in a prime downtown location!

Property Information

Property type

Commercial Sale

Year built

1944

Stories

1

Building area

4,035 Sq Ft

Lot size

0.41 acres

Lot dimensions

.41 acres

Zoning

Business/Commercial, Resi

Days on market

69

MLS^® Listing#

7131834

Property Features

Cooling

Wall Unit(s)

Heating

Natural Gas · Electric · Baseboard · Hot Water · Radiant

Basement

Partial · Storage Space · Unfinished · Block · Concrete

Parking

Gravel · Parking Lot · Varies by Unit

Construction

Frame · Steel Siding

Foundation

Combination · Other

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$2,847Tax year 2026

Parcel number

500045000

Directions

Located along Main Ave E in the City of Frazee just down from the gas station.