Waterfront - Lease to Own
761 Prentice Street # 3 Granite Falls, MN
$ 52,000
Property Attributes
  • ID#5749306
  • TypeCommercial
  • CityGranite Falls
  • AreaPrentice Place Commons
  • NeighborhoodPrentice Place Commons
  • Zip56241
  • StyleOffice
  • Year Built1965
  • Taxes$ 677
  • Price$ 52,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1540
Listing Provided Courtesy Of:
Hughes Real Estate and Auction
Data Source:
Northstar MLS (NSTAR) - 133 - MN
Property Description

Prentice Place Commons suite #3 for Sale! This includes 2 private offices and large open reception area that has been made into 4 cubical offices. Two offices have window views that overlook the MN River! The suite is currently leased through Sept 2022 with the option to renew. The shared common area is hallway, waiting area and bathrooms. Storage areas are available. Unit #3 has 635 Sq ft in the office space, the rest of the sq footage is common space in the building. Last 7 years 100% occupancy. 2 One year lease Options available w/ the current tenant. The unit has new carpets and fresh paint as of Jan 2019.

Price History
4/30/2021 Listed $52,000

General Features

Accessibility Wheelchair Ramp(s), No Stairs External, Hallways 42 +, Doors 36 +
Additional Parcels Y/N No
Amenities Unit Panoramic View
Association Amenities Other
Basement Full, Walkout, Block, Unfinished
City Granite Falls
Construction Materials Stucco
Contingency None
Cooling Central Air
County Yellow Medicine
Current Use Professional Service
Days on Market 172
Directions From stoplights, go N on Granite St take a Right on 12th Ave which turns into Prentice St, after going by 8th Ave, building is on the right
Garage Spaces 1
Grossincome 7725
Heating Forced Air
High School District Yellow Medicine East
Insurance Expense 570
Lender Owned No
Levels One
Net Operating Income 6463
Ownerpays Taxes, Insurance, Repairs
Property SubType Office
Property Type Commercial Sale
Roof Flat
Sewer City Sewer/Connected
Standard Status Active
Street Name Prentice
Subdivision Name Prentice Place Commons
Tax Annual Amount 677
Tax Year 2021
Tenant Pays Water, Electricity, Fuel, Trash Collection
Total Units 1
Unit Number 3
Utilities Heating Separate, Heating Common, Hot Water Common
View River
Water Body Name Minnesota River
Waterfront Features River Front
Year Built 1965
Zoning Description Business/Commercial

Interior Features

Fuel Natural Gas
Street Suffix Street
Unit Type Efficiencies, 1 Bedroom, 2 Bedroom, 3 Bedroom, One Room, Two Room, Three Room, Four Room, Five Room, Six Room, Seven Room

Exterior Features

Foundationarea 1540
Inclusions Building, Land
Lot Dimensions 635
Lot Features Accessible Shoreline, Underground Utilities
Lot Size Units Acres
Parking Features Open
Road Frontage Type County Road
Road Responsibility Public Maintained Road
Water Source City Water/Connected
Waterfront Y/N Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 56241

AVG $50K
AVG $677
AVG 31
Year Built
AVG 1943
AVG 36
Data Provided by Walkscore ® not using MLS data

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