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.
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!
The median home value in Frazee, MN is $208,500. 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 $208,500. 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.
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.