$310,000
MLS# 7131834
3 beds | 3 baths | 4035 sqft
1 / 13
Property Description
Mixed-Use Investment Property – Main Ave, Frazee Outstanding investment opportunity in the heart of Frazee! This well-maintained mixed-use building offers a diversified income stream with both residential and commercial tenants in place. The property includes a one-bedroom apartment and a two-bedroom apartment, both currently leased, along with a commercial space currently occupied by a restaurant tenant. A fourth unit — unfinished and ready to be built out as additional office or apartment space — offers exciting upside potential for a buyer looking to add value. Situated on Main Ave with excellent road frontage and convenient side street parking, this property benefits from strong visibility and accessibility. Numerous updates have been completed throughout, including improvements to the commercial space and both residential apartments. Two unfinished basement areas provide ample utility and storage space. Sold with two parcels included, and no special assessments — a clean, turnkey opportunity for investors seeking immediate cash flow with room to grow. Don't miss this rare chance to own a versatile, income-producing property in a prime downtown location!
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $310,000
Contingency: None
ListPrice: 310000
List Date: 2026-08-22
Office/Member Info
Association: LCAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 3
Owner Occupied: No
Waterfront YN: No
Year Built: 1944
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Lot Dimensions: .41 acres
Acres: 0.41
Foundation Size: 3482
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: No
Bedrooms: 3
Baths Total: 3
Location, Tax and Other Information
Legal Description: SECTION 35 TOWNSHIP 138 RANGE 040 FRAZEE CITY-AUD PLAT 35-138-40 PT NE1/4 NW1/4, PT LOT 1 BLK 19 AMEND PLAT FRAZEE, .36AC OF FOLL TRACT: COMM NLY COR LOT 19, SE 230' TO POB;SW 140.43', SE 204.55', NE 33.28', NW 45', SW 20.1', NW 56.43', NE 149.27' NW 97.33' TO POB.
Listing City: Frazee
Map Page: 999
Municipality: Frazee
School District: Frazee-Vergas
School District Phone: 218-334-3181
Zip Plus 4: 9133
Property ID Number: 500045000
Tax Year: 2026
Tax Amount: 2847
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Mixed-Use Investment Property – Main Ave, Frazee
Outstanding investment opportunity in the heart of Frazee! This well-maintained mixed-use building offers a diversified income stream with both residential and commercial tenants in place. The property includes a one-bedroom apartment and a two-bedroom apartment, both currently leased, along with a commercial space currently occupied by a restaurant tenant. A fourth unit — unfinished and ready to be built out as additional office or apartment space — offers exciting upside potential for a buyer looking to add value.
Situated on Main Ave with excellent road frontage and convenient side street parking, this property benefits from strong visibility and accessibility. Numerous updates have been completed throughout, including improvements to the commercial space and both residential apartments. Two unfinished basement areas provide ample utility and storage space. Sold with two parcels included, and no special assessments — a clean, turnkey opportunity for investors seeking immediate cash flow with room to grow.
Don't miss this rare chance to own a versatile, income-producing property in a prime downtown location!
Directions: Located along Main Ave E in the City of Frazee just down from the gas station.
Accessible
Other: 1
Additional Parcels Information
Property ID #2: 500049001
Air Conditioning
Wall Unit(s): 1
Assessments
Assessment Balance: 65
Tax With Assessments: 2912
Basement
Concrete Block: 1
Foundation Dimensions: 59x71
Partial: 1
Storage Space: 1
Unfinished: 1
Building Information
Building Finished SqFt: 3482
Building SqFt: 4035
Construction Materials
Frame: 1
Construction Status
Previously Owned: 1
Exterior
Steel Siding: 1
Foundation
Combination: 1
Other: 1
Fuel
Electric: 1
Natural Gas: 1
Heating
Baseboard: 1
Boiler: 1
Hot Water: 1
Radiant: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Gravel Lot: 1
Units Vary: 1
Public Survey Info
Range#: 40
Section#: 35
Township#: 138
Road Frontage
City Street: 1
Sale Options
Sale Includes: Building, Land, Leases
Sewer
City Sewer/Connected: 1
Stories
One: 1
Unit 1
Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: Main Level
Unit Number: 1
Half Baths: 1
Total Bathrooms: 1
Total Rooms: 4
Unit Total SqFt: 1326
No. of 1 Bedroom Units: 1
Unit Details
Total Units: 4
Wall Description
Drywall: 1
Finished: 1
Water
City Water/Connected: 1
Unit 2
Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: Main Level
No. of 2 Bedroom Units: 1
Unit Number: 2
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 5
Unit Total SqFt: 870
Unit 3
Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: Main Level
Unit Number: 3
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Total SqFt: 840
Unit 4
Leased?: No
Level: Main Level
Unit Number: 4
Total Rooms: 4
Unit Total SqFt: 454
On Site Utilities
Electric Separate: 1
CMU Style
Apartments and Retail: 1
Business Opportunity: 1
Office: 1
Storage Unit: 1
Current Use
Commercial: 1
Residential: 1
Restaurant: 1
Loan Terms
Cash: 1
Conventional: 1
Location Tax and Other Information
Postal City: Frazee
County: Becker
State: MN
Zip Code: 56544
Complex/Dev/Subdivision: Amended Plat/Frazee City
Property Features
Accessible: Other
Air Conditioning: Wall Unit(s)
Basement: Concrete Block; Partial; Storage Space; Unfinished
CMU Style: Apartments and Retail; Business Opportunity; Office; Storage Unit
Construction Materials: Frame
Construction Status: Previously Owned
Current Use: Commercial; Residential; Restaurant
Exterior: Steel Siding
Foundation: Combination; Other
Fuel: Electric; Natural Gas
Heating: Baseboard; Boiler; Hot Water; Radiant
Loan Terms: Cash; Conventional
On Site Utilities: Electric Separate
Parking Characteristics: Parking Lot; Gravel Lot; Units Vary
Road Frontage: City Street
Sewer: City Sewer/Connected
Stories: One
Wall Description: Drywall; Finished
Water: City Water/Connected
Listing Office: Counselor Realty Detroit Lakes
Last Updated: August - 22 - 2026
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. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
