NOT LISTED FOR SALE

109 S Main St Mahnomen, MN 56557

Estimated Value: $59,000 - $70,000

2 Beds
2 Baths
2,976 Sq Ft
$22/Sq Ft Est. Value

Last Sold July 17, 2024

Last sale price $65,000 $22 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $422/month

263 Days on Market

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • Accessible Entrance
  • Forced Air Heating System

About This Home

As of July 2024

Incredible investment opportunity in Mahnomen Minnesota! Remarkable commercial property located right on main street. Offers commercial storefront, with a large apartment upstairs that features 2 bedrooms 1 bathroom with recent updates. With a price tag of $70,000 and gross rents of $1150 this investment is truly enticing. To schedule a private showing contact your favorite Realtor today!

Last Agent to Sell the Property

Ryan Belen

eXp Realty (3523 FGO) Listed on: 11/14/2023

eXp Realty (3523 FGO)

Last Buyer's Agent

Ryan Belen

eXp Realty (3523 FGO) Listed on: 11/14/2023

eXp Realty (3523 FGO)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $612

Year Built

  • Built in 1908

Lot Details

  • 3,250 Sq Ft Lot
  • Lot Dimensions are 25x130

Parking

  • 1 Car Garage

Home Design

  • 2,976 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Accessible Home Design

  • Accessible Entrance

Schools

  • Mahnomen High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Separate Meters

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenant Personal Property
  • Assessor Parcel Number 181000395

Property Details

Home Type

Apartment

Est. Annual Taxes

$612

Year Built

Built in 1908

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Commercial
  • Lot Size Acres: 0.07
  • Lot Size: 25x130
  • Inclusions: Building
  • Directions: Take Highway 59 north from Detroit lakes, left on highway 200 in Mahnomen, take left on Main street. Building is on west side of Main street.
  • Year Built: 1908
  • Air Conditioning:Wall Unit(s): Yes
  • General Property Information Zoning3: Business/Commercial
  • General Property Information Lot Size SqFt2: 3250.0
  • Location Tax and Other Information Tax Year2: 2023
  • Location Tax and Other Information Tax Amount: 612.0
  • Location Tax and Other Information In Foreclosure: No
  • Location Tax and Other Information Lender Owned: No
  • General Property Information Year Built2: 1908
  • General Property Information Lot Dimensions: 25x130
  • Lease Details Land Leased: Not Applicable
  • Ownership Fractional Ownership3: No
  • Building Information Building Finished SqFt: 2976
  • Building Information Building SqFt: 3876.0
  • Unit Details Total Units: 2
  • HeatFuelOil: Yes
  • On Site Utilities Electric Separate2: Yes
  • CMU Style Apartments and Retail: Yes
  • General Property Information High School2: Mahnomen
  • Accessible Accessible Entrance: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Accessible Entrance
  • Total Bedrooms: 2

Exterior Features

  • Exclusions: Tenant Personal Property

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Other

Utilities

  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate
  • Water Source: City Water/Connected
  • Heating:Forced Air: Yes

Schools

  • High School: Mahnomen

Lot Info

  • Current Use: Business Service
  • Lot Size Sq Ft: 3250.0
  • Parcel #: 181000395
  • Zoning: Business/Commercial

Tax Info

  • Tax Annual Amount: 612.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2019
Sold by
Duane Neumann and Duane Bonnie
Bought by
Haddeland P P and Haddeland Jesse
Current Estimated Value
$68,976
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Haddeland P P $45,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Off Market $65,000 -- --
05/29/2025 05/29/25 Off Market $65,000 -- --
07/17/2024 07/17/24 Sold $65,000 -7.1% $22 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
06/21/2024 06/21/24 Price Changed $70,000 -6.7% $24 / Sq Ft
05/24/2024 05/24/24 Price Changed $75,000 -6.3% $25 / Sq Ft
10/20/2023 10/20/23 For Sale $80,000 -- $27 / Sq Ft
Source: Fargo-Moorhead Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $546 $26,500 $5,700 $20,800
2023 $546 $10,200 $2,300 $7,900
2022 $614 $10,200 $2,300 $7,900
2021 $910 $10,200 $2,300 $7,900
2020 $924 $10,200 $2,300 $7,900
2019 $946 $10,200 $2,300 $7,900
2018 $948 $10,200 $2,300 $7,900
2017 $1,050 $10,200 $2,300 $7,900
2016 $1,258 $26,500 $5,700 $20,800
2015 $824 $27,500 $5,700 $21,800
2013 $822 $27,500 $5,700 $5,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Fargo-Moorhead Area Association of REALTORS®

MLS Number: 7360815

APN: 18.100.0395