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For Sale:  Springfield MLS# 7115720

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Active NEW!
$495,000
/mo Edit
Commercial:  1 Story
Built 1950
0.593 acres
Springfield schools
MLS# 7115720
763-576-8286
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    Property Description

    Don’t miss this exceptional investment opportunity in the heart of Springfield! This well-maintained professional commercial building features four fully leased spaces, providing immediate and reliable rental income with established, reputable businesses already in place. Situated on a highly visible corner lot with a dedicated parking lot, this property offers excellent accessibility and strong curb appeal. The building has been meticulously maintained with numerous updates, including a new roof in 2009, new furnaces installed in 2024, and a spacious addition completed in 2015, along with many other improvements throughout the years. Whether you’re looking to expand your investment portfolio or secure a turnkey commercial property, this income-producing building is an opportunity you won’t want to miss!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $495,000
    Property Type: Commercial
    City: Springfield
    Garage Spaces: 0
    County: Brown
    Year Built: 1950
    State: MN
    Property Style: 1 Story
    Zip Code: 56087
    Subdivision Name: Schwarzrock 5th Add

    Interior

    Bedrooms: 0
    Bathrooms: 0
    Flooring: Carpet, Vinyl
    Basement Details:
    • Block
    • Other
    • Partially Finished
    • Storage Space

    Exterior

    Stories: One
    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 8,626 ft2
    Handicap Accessible: Other, Partially Wheelchair
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Parking Lot
    Road Frontage: City Street
    Exterior Material: Frame
    Roof Details:
    • Flat
    • Rubber

    Rooms

    Shared Rooms: Other

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.593
    Geolocation: 44.246021, -94.972177
    Inclusions: Building, Land, Leases
    Lot Dimensions: 25862 sq ft
    Zoning: Business/Commercial
    Lot Description: Corner Lot

    Schools

    School District: 85
    District Phone: 5077234283

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $14,094
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $14,094

    Units

    Total Units: 4

    Miscellaneous

    Current Use: Professional Service
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Electric Separate
    • Heating Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Kerkhoff Auction & Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.