$417,000

123 Main Street ENew Prague, MN 56071

Type: Commercial

1885 Year Built

Description

If you have ever wanted to own a stunning commercial building in the heart of downtown New Prague, MN - this is your chance! A stunning brick building with gorgeous hardwood floors, high ceilings, fresh bright white paint, charming light fixtures, make this a turn-key main floor building. Directly off main street in a high-traffic location with south-facing windows. The upstairs is the original New Prague bowling alley (see pics). The original equipment, bowling flooring, benches for the competitors, stadium seats for the elite viewers remain in the upstairs. Brand new roof with warranty as of March 2024. Don't miss your chance! Downtown Main Street New Prague is high in demand and will go quickly.

MLS ID: 6508115

Directions: Off mainstream across from the post office. NOT Velvet touch catering building - it is the building with the cast iron 'Merchants On Main' sign.

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Property Details

Essential Details

MLS #: 6508115

Listing courtesy of: eXp Realty

Price: $417,000

Type: Commercial

Contingency: None

Foreclosure: No

Zoning: Business/Commercial

Current Use: Retail

Total Units: 4

Annual Gross Income: $20,400

Net Operating Income: $15,900

Operating Expense: $4,500

Annual Gross Expense: $4,500

Annual Insurance Expense: $3,000

Annual Maintenance Expense: $700

Annual Other Expense: $800

Tenant Pays: All Utilities

Parking Features: Guest Parking, More Parking Onsite for Fee

Other Parking Spaces: 4

Building Details

Owner Occupied: No

Construction Materials: Brick/Stone

AccessibilityFeatures: None

Roof: Age 8 Years or Less

Heating: Forced Air, Zoned

Cooling: Zoned

Year Built: 1885

Foundation Area: 2,027

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Shared Rooms: Other

Number of Ranges: None

Number of Refrigerators: None

Utilities: Heating Separate

Lot Details

Lot Dimensions: 25x170

Road Frontage: City Street

School Information

District: New Prague Area Schools

District Number: 721

District Phone: 952-758-1700

Community Information

County: Scott

Survey Range: 23

Survey Section: 34

Survey Township: 113

Taxes

Tax Year: 2024

Tax Amount: $5,340

Assessment Pending: No

Taxes w/Assessments: $6,358

This listing was last updated by eXp Realty on 4/3/2024 at 2:04 pm.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 6/2/2024 10:05 pm.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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