Frazee MN Commercial for Sale

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Type:
Other
Sq.Ft.:
6,280
Status:
Active
Beds:
n/a
Lot size:
0.25 Acres
Year built:
1996
Baths:
MLS#:
6511357

ADDITIONAL INFORMATION

Seller offering $10,000 credit towards buyer's closing costs. Great Commercial Investment Opportunity! Over 8,000 SF of commercial space built in 1996 in downtown Frazee, MN! Current Rental income with plenty of value add. 2,000 SF unfinished that would make a great indoor self storage/heated area. Energy efficient and durable with little to no maintenance. Newer natural gas / forced air furnace.

Type:
Other
Sq.Ft.:
1,800
Status:
Active
Beds:
n/a
Lot size:
10.41 Acres
Year built:
1998
Baths:
MLS#:
6491367

ADDITIONAL INFORMATION

Seller offering $15,000 credit towards buyer's closing costs. 9% Cap Rate! Albertson Lake MHC is ready for a lucky new owner to take over a great opportunity. This is a rare opportunity to buy an income producing park in the heart of lakes country. Frazee is a small community located just off Hwy 10 between Detroit Lakes and Frazee. You won't find many MHC's maintained and improved like this one. Comprised of 31 lots (room to add) Albertson Lake MHC sits on a nearly 11 acre lot with 580 FF overlooking Albertson Lake. City water, sewer, and asphalt paved road updated in 2022. There is a 30x30 shop with full basement (storm shelter) located at the rear of the property towards the lake. 11 trailers owned by park, the remaining are all lot rents. Inquire today for financial info, and start or improve your investment portfolio!

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Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

Listings courtesy of Northstar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed. Open House information is subject to change without notice. Copyright 2024, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved




Frazee Real Estate

The median home value in Frazee, MN is $249,000. This is lower than the county median home value of $325,100. The national median home value is $338,100. The average price of homes sold in Frazee, MN is $249,000. Approximately 48.79% of Frazee homes are owned, compared to 43.32% rented, while 7.9% are vacant. Frazee 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 Frazee real estate agent to arrange a tour today!

Frazee, Minnesota has a population of 1,146. Frazee is more family-centric than the surrounding county with 38.66% of the households containing married families with children. The county average for households married with children is 29.17%.

The median household income in Frazee, Minnesota is $45,298. The median household income for the surrounding county is $64,296 compared to the national median of $69,021. The median age of people living in Frazee is 34.9 years.

Frazee Weather

The average high temperature in July is 80.4 degrees, with an average low temperature in January of -3.3 degrees. The average rainfall is approximately 26.8 inches per year, with 47.1 inches of snow per year.

Frazee Real Estate Market Conditions

  • Median sales price

    $249,000
    13.6% change since last quarter
  • # Active listings

    56
    30-day change

Frazee Schools and Demographics

Education near Frazee, MN

Metric City County
High School Graduates 80.24 92.93
College Degree - 2 year 15.18 14.67
College Degree - 4 year 12.57 25.81
Graduate Degree 0.79 5.29
Expenditures per Student 19,629 19,629
Students per Teacher 13.7 13.7

Elementary Schools near Frazee, MN

School Grades Students P/T Ratio ZIP
Frazee Elementary School PK - 06 503 13 56544
Heart of the Lake Elementary School PK - 04 490 12.6 56573
Lake Park Audubon Elementary School PK - 06 387 13.8 56511
Lincoln Early Childhood Ed. Center PK - PK 88 44 56501
New York Mills Elementary School PK - 06 402 15.2 56567
Roosevelt Elementary School PK - 04 623 14.2 56501
Rossman Elementary School PK - 05 582 15.1 56501

Middle Schools near Frazee, MN

School Grades Students P/T Ratio ZIP
Detroit Lakes Middle School 05 - 08 797 17.6 56501
Prairie Wind Middle School 05 - 08 408 13.3 56573

High Schools near Frazee, MN

School Grades Students P/T Ratio ZIP
Detroit Lakes Senior High School 09 - 12 838 16.3 56501
Frazee Secondary School 07 - 12 406 14.3 56544
New York Mills Secondary School 07 - 12 309 15.7 56567
Perham Senior High School 09 - 12 442 15.5 56573

Ungraded Schools near Frazee, MN

School Grades Students P/T Ratio ZIP
* Afterschool Program 09 - 12 0 56501
* Detroit Lakes Alternative Program 09 - 12 58 18.3 56501
* Detroit Lakes Area Learning Center 09 - 12 2 0.3 56501
* HS Culture Club 09 - 12 1 56501
* HS Extended Year Program 09 - 12 0 56501
* Perham Area Learning Center 09 - 12 35 9.4 56573
Drake Residential Treatment Center 06 - 12 6 6.1 56501
Lake Agassiz Special Ed. Coop. PK - PK 48 12.7 56511

Demographics near Frazee, MN

Metric City County
Neighborhood Type Small Town
Population 1,146 34,995
Population Density 1,039 27
Median Age 34.9 42.3
People per Household 2.4 2.5
Median Household Income 45,298 64,296
Average Income per Capita 23,643 35,748