Milroy MN Commercial for Sale
$250,000
501 Euclid Avenue Milroy, MN 56263
- Type:
- Mixed Use
- Sq.Ft.:
- 2,224
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.07 Acres
- Year built:
- 1902
- Baths:
- MLS#:
- 6577677
View additional info
Courtesy: Edina Realty, Inc.
507-337-6683
ADDITIONAL INFORMATION
Welcome to 501 Euclid Avenue! Discover a rare opportunity to own a unique multi-family property on the main street of Milroy, conveniently located across from the local gas station and fitness center. This property spans two parcels and features four rental units, including a stunning historic brick building—originally the city's bank—now transformed into a charming apartment complex with three distinct rental units. Originally renovated starting in 2010, the building received a new foundation and a durable flat rubber membrane roof before being fully converted into rental spaces (roof has been recoated in 2023 - ready for years to come!). It includes a one-bedroom apartment, a two-bedroom apartment, and a studio-style unit, all designed with high ceilings, open living spaces, and preserved architectural details that exude historic charm. The apartment building is fully electric, powered by an updated geothermal system for efficient heating and cooling. Energy-efficient windows were custom-designed to maintain the building’s original aesthetic while enhancing comfort. Additionally, the property includes a completely renovated trailer home (2023), adding even more investment potential. The property has been well-loved and meticulously maintained. Whether you're looking for a strong investment opportunity or a piece of local history, this property is a must-see!
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 2025, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved
Milroy Real Estate
The median home value in Milroy, MN is $150,000. This is higher than the county median home value of $140,500. The national median home value is $338,100. The average price of homes sold in Milroy, MN is $150,000. Approximately 62.75% of Milroy homes are owned, compared to 19.61% rented, while 17.65% are vacant. Milroy 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 Milroy real estate agent to arrange a tour today!
Milroy, Minnesota has a population of 193. Milroy is more family-centric than the surrounding county with 53.19% of the households containing married families with children. The county average for households married with children is 29.96%.
The median household income in Milroy, Minnesota is $55,417. The median household income for the surrounding county is $59,638 compared to the national median of $69,021. The median age of people living in Milroy is 36.1 years.
Milroy Weather
The average high temperature in July is 83.3 degrees, with an average low temperature in January of 4.4 degrees. The average rainfall is approximately 28.5 inches per year, with 42.9 inches of snow per year.