Opportunity to own a large multi-use building on Main St., with 5 rental units upstairs. (2) 1 bedroom units and (3) 2 bedroom units. The main floor consists of 2 separate buildings, with 2500 sq. feet on the one side and 2000 sq. feet on the other side, with separate entrances. The main floor previously was a grocery store, along with the other side being rented out to a business. Roof was updated with spray foam with poly coating and 3 coats of paint and sealer. Full basements on both sides of buildings. This property is already income producing and there is potential for more with the addition of a main street business.
The median home value in Cottonwood, MN is $208,100. This is higher than the county median home value of $176,800. The national median home value is $338,100. The average price of homes sold in Cottonwood, MN is $208,100. Approximately 67.09% of Cottonwood homes are owned, compared to 22.67% rented, while 10.24% are vacant. Cottonwood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cottonwood real estate agent to arrange a tour today!
Cottonwood, Minnesota 56229 has a population of 1,160. Cottonwood 56229 is less family-centric than the surrounding county with 32.27% of the households containing married families with children. The county average for households married with children is 33.19%.
The median household income in Cottonwood, Minnesota 56229 is $71,641. The median household income for the surrounding county is $62,388 compared to the national median of $69,021. The median age of people living in Cottonwood 56229 is 38.3 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 2.6 degrees. The average rainfall is approximately 27.8 inches per year, with 45.1 inches of snow per year.