115 1st ST W Milaca, MN 56353
1,742 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision First Add To Milaca
MLS Listing ID 6794123
Year Built 1909
Annual Tax Amount $1,597
Tax Year 2025
Contingent None
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 25x77x20x6x4x10x68
Property Sub-Type Mixed Use
Property Description
Welcome to 115 1st Street W, a rare opportunity in the very heart of Milaca's thriving downtown. This 3,200 sq. ft. mixed-use property combines prime visibility with built-in income — the perfect setup for entrepreneurs and investors alike. The Commercial Space: The main level is wide open and ready for your vision. Flooded with natural light from two large street-facing windows, it's the perfect blank canvas for your storefront, office, boutique, or studio. Maximum exposure, endless potential. The Residences: A spacious 3-bedroom, 1-bath apartment upstairs, perfect for steady rental income or even owner occupancy. A convenient efficiency apartment on the lower level, also income-producing. Both units are currently occupied with month-to-month tenants, giving you instant cash flow and the flexibility to adjust as you wish. Key Highlights: New A/C unit installed in 2024, vibrant downtown location with excellent foot traffic, live where you work, or let your tenants cover your mortgage and multiple income streams make this property one smart investment!
This is more than just real estate — it's a built-in business plan waiting for the right buyer. With the commercial space ready for your vision and tenants already in place, opportunities like this don't come around often. Don't miss your chance to own a piece of downtown Milaca.
Location
State MN
County Mille Lacs
Zoning Business/Commercial
Rooms
Basement Full, Concrete, Unfinished
Interior
Heating Baseboard, Forced Air
Cooling Central Air
Inclusions Building, Leases
Fireplace No
Appliance Cooktop, Dryer, Range, Refrigerator, Washer
Exterior
Parking Features Unassigned, Open
Utilities Available Heating Common, Hot Water Common
Roof Type Age Over 8 Years,Pitched,Rubber
Present Use Commercial,Residential
Building
Foundation 1608
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Milaca
