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Active
  • Price cut: $10K (3/17)
    $164,900

    101 1st Ave NW, Aldrich, MN 56434

    5beds
    3baths
    1,764sqft
    : 
    Other
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $93/sqft
    $-- HOA

    What's special

    A unique investment opportunity on Partridge River in Aldrich. Originally a popular restaurant, this property has been transformed into a thriving apartment complex featuring three occupied rental units, providing immediate income potential. Additionally, there is room to expand with two more units, offering significant growth opportunities. The property also includes three spacious attached garages, ideal for storage or additional rental options. This location offers peace and privacy, while still being conveniently situated near local amenities. Whether you're an investor looking to expand your portfolio or someone with a vision for a mixed-use space, this one-of-a-kind property has the versatility to meet your needs. Don’t miss out!
    137 days
    on Zillow
    |
    599
    |
    28
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 28, 2025 at 01:03pm

    Listed by:

    Shanna Perez-Davis 218-820-4426,

    LPT Realty, LLC,

    Breanne McCafferty 303-947-0501

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6638557MLS Logo
    Travel times

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    We’ll find a local expert to take you on a private tour of 101 1st Ave NW.

    Next available tour time:Today at 2:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Forced Air
    Features
    • Basement: Other
    Interior area
    • Total structure area: 1,764
    • Total interior livable area: 1,764 sqft
    • Finished area above ground: 1,764
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 6
    • Parking features: Attached, Asphalt
    • Attached garage spaces: 3
    • Carport spaces: 3
    Accessibility
    • Accessibility features: No Stairs External, No Stairs Internal
    Features
    • Levels: One
    • Has view: Yes
    • View description: River, West
    • Has water view: Yes
    • Water view: River
    • Waterfront features: River Front, Waterfront Num(S9990946)
    • Body of water: Partridge River
    • Frontage length: Water Frontage: 390
    Lot
    • Size: 3.01 Acres
    • Dimensions: 390 x 492 x 400 x 245
    Details
    • Foundation area: 8195
    • Parcel number: 163100020

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Other
    Materials
    • Steel Siding, Wood Siding
    Condition
    • Age of Property: 85
    • New construction: No
    • Year built: 1940

    Utilities & green energy

    • Gas: Propane
    • Sewer: Tank with Drainage Field
    • Water: Submersible - 4 Inch, Drilled, Well

    Community & HOA

    Location
    • Region: Aldrich

    Financial & listing details

    • Price per square foot: $93/sqft
    • Tax assessed value: $111,600
    • Annual tax amount: $1,392
    • Date on market: 12/9/2024
    • Tenant pays: Fuel, Trash Collection
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