Princeton, MN 55371,111 N Rum River DR
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Princeton, MN 55371,111 N Rum River DR
Princeton, MN 55371,111 N Rum River DR
Princeton, MN 55371,111 N Rum River DR
Princeton, MN 55371,111 N Rum River DR
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Aileo Karpee

Aileo Karpee

+1(856) 602-0639
$ 238,000
Est. payment /mo
Save
Contingent

111 N Rum River DR Princeton, MN 55371

3 Beds

2 Baths

3,833 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Contingent

Purchase Type For Sale

Subdivision Princeton - Original Townsite

MLS Listing ID 6819095

Bedrooms 3

Year Built 1893

Annual Tax Amount $2,260

Tax Year 2025

Contingent Inspection

Lot Size 3,833 Sqft

Acres 0.088

Lot Dimensions 26x148

Property Description

Rare cash-flowing investment opportunity in Uptown Princeton! This solid multi-use commercial building features two upper-level apartments and a fully operational main-level + lower-level retail/office space. Offering approx. 5,850 sq ft, the building includes a private 6-8 stall parking lot - an uncommon find on Main Street. Interior highlights include 13 ft main-level ceilings with copper tin accents, original wood floors, handicap-accessible bathroom, glass entry doors, and a dry usable lower level with tall ceilings. Recent updates include a 2007 rubber roof (under warranty), separate electrical services (100 amp for apartments, 400 amp for commercial), AC systems, air handler, boiler heat, and supplemental eclectic baseboard. Strong visibility just off Hwy 169 with excellent pedestrian and vehicle traffic. Perfect for owner-occupants looking for retail/office space, or investors seeking stable multi-unit income. A well-maintained and versatile property in a prime location!

Location

State MN

County Mille Lacs

Zoning Business/Commercial

Rooms

Basement Block, Finished, Full

Interior

Heating Baseboard, Boiler, Hot Water

Cooling Window Unit(s)

Flooring Carpet, Vinyl, Wood

Inclusions Building, Land, Leases

Fireplace No

Appliance Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Exterior

Parking Features Other, Paved Lot, Open

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Roof Type Age Over 8 Years,Flat,Rubber

Present Use Residential,Retail

Building

Story Two

Foundation 1950

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Block,Brick,Concrete,Steel Siding

New Construction false

Schools

School District Princeton

Listed by Harlan Kartak • Edina Realty, Inc.
SCHOOLSPROPERTIES
Elementary Schools 5
  • 6

    Princeton North Elementary

    Public | 3 - 5

  • 0

    Princeton South Elementary

    Public | KG - 2

  • 0

    Discovery Montessori Academy

    Private | PK - 5

  • 0

    Discovery Montessori School

    Private | PK - 5

  • 0

    Princeton Evangelical Lutheran School

    Private | KG - 7

Middle Schools 2
  • 7

    Princeton Middle School

    Public | 6 - 8

  • 0

    Princeton Middle Level Area Learning Center

    Public | 6 - 8

High Schools 2
  • 5

    Princeton High School

    Public | 9 - 12

  • 0

    Princeton Seat Time Program

    Public | 9 - 12

School and business data provided by Attom Data.
Aileo Karpee

Aileo Karpee

Agent | License ID: 435176

+1(856) 602-0639

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111 N Rum River DR