3904 County Road 42 NE Alexandria, MN 56308

$509,000
Active
estimated monthly payment
4,996 Sq Ft  |  Apartment  |  MLS # 6540522
  • 1-3904 County Road 42 NE.jpg
    1-3904 County Road 42 NE.jpg
  • 2-Mixed Use in Lakes Country.jpg
    2-Mixed Use in Lakes Country.jpg
  • 3-In the heart of the Chain of Lakes.jpg
    3-In the heart of the Chain of Lakes.jpg
  • 4-Plenty of Parking for all tenants.jpg
    4-Plenty of Parking for all tenants.jpg
  • 5-Step into the Commercial Space.jpg
    5-Step into the Commercial Space.jpg
  • 6-Commercial Space Entry.jpg
    6-Commercial Space Entry.jpg
  • 7-Commercial Space 1 (Currently Art Gallery).jpg
    7-Commercial Space 1 (Currently Art Gallery).jpg
  • 8-Commercial Space 2 (Currently Office).jpg
    8-Commercial Space 2 (Currently Office).jpg
  • 9-Open Area (Currently Used as an Art Gallery).jpg
    9-Open Area (Currently Used as an Art Gallery).jpg
  • 10-Loads of Space.jpg
    10-Loads of Space.jpg
  • 11-Loads of possibilities.jpg
    11-Loads of possibilities.jpg
  • 12-Kitchenette in Commercial.jpg
    12-Kitchenette in Commercial.jpg
  • 13-Kitchenette in Commercial.jpg
    13-Kitchenette in Commercial.jpg
  • 14-Multiple Handicap Baths.jpg
    14-Multiple Handicap Baths.jpg
  • 15-Bath 1 (Commercial).jpg
    15-Bath 1 (Commercial).jpg
  • 16-Bath 2 (Commercial).jpg
    16-Bath 2 (Commercial).jpg
  • 17-Over to Commercial Space #2.jpg
    17-Over to Commercial Space #2.jpg
  • 18-Currently used as personal Office.jpg
    18-Currently used as personal Office.jpg
  • 19-Basement Entry.jpg
    19-Basement Entry.jpg
  • 20-Basement Entry from Office.jpg
    20-Basement Entry from Office.jpg
  • 21-Entrance into Apartment #1.jpg
    21-Entrance into Apartment #1.jpg
  • 22-Mudroom Apt #1.jpg
    22-Mudroom Apt #1.jpg
  • 23-Laundry in Mudroom Apt. #1.jpg
    23-Laundry in Mudroom Apt. #1.jpg
  • 24-Apt 1 Hallway.jpg
    24-Apt 1 Hallway.jpg
  • 25-Bath 1 Apt 1.jpg
    25-Bath 1 Apt 1.jpg
  • 26-Bed 1 Apt 1.jpg
    26-Bed 1 Apt 1.jpg
  • 27-Bed1 Apt 1.jpg
    27-Bed1 Apt 1.jpg
  • 28-Bonus Room Apt 1.jpg
    28-Bonus Room Apt 1.jpg
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    29-Bonus Room Apt 1.jpg
  • 30-Bed 2 Apt 1.jpg
    30-Bed 2 Apt 1.jpg
  • 31-Bath 2 Apt 1.jpg
    31-Bath 2 Apt 1.jpg
  • 32-Bed 2 and Bath 2.jpg
    32-Bed 2 and Bath 2.jpg
  • 33-Bedroom 3 Apt 1.jpg
    33-Bedroom 3 Apt 1.jpg
  • 34-Living Room Apt 1.jpg
    34-Living Room Apt 1.jpg
  • 35-Kitchen & Dining Apt 1.jpg
    35-Kitchen & Dining Apt 1.jpg
  • 36-Kitchen Apt 1.jpg
    36-Kitchen Apt 1.jpg
  • 37-Dining Apt 1.jpg
    37-Dining Apt 1.jpg
  • 38-Entry to Apt 2 & 3.jpg
    38-Entry to Apt 2 & 3.jpg
  • 39-Apt 2.jpg
    39-Apt 2.jpg
  • 40-Apt 2 Kitchen.jpg
    40-Apt 2 Kitchen.jpg
  • 41-Apt 3 Living Room and Kitchen.jpg
    41-Apt 3 Living Room and Kitchen.jpg
  • 42-Apt 3 Living Room and Kitchen.jpg
    42-Apt 3 Living Room and Kitchen.jpg
  • 43-Apt 3 Kitchen.jpg
    43-Apt 3 Kitchen.jpg
  • 44-Open Concept.jpg
    44-Open Concept.jpg
  • 45-Apt 3 Bathroom.jpg
    45-Apt 3 Bathroom.jpg
  • 46-Bed 1 Apt 3.jpg
    46-Bed 1 Apt 3.jpg
  • 47-Bed 1 w walk-in closet Apt 3.jpg
    47-Bed 1 w walk-in closet Apt 3.jpg
  • 48-Bed 2 Apt 3.jpg
    48-Bed 2 Apt 3.jpg
  • 49-Bed 3 Apt 3.jpg
    49-Bed 3 Apt 3.jpg
  • 50-Storage Room Apt 3.jpg
    50-Storage Room Apt 3.jpg
  • 51-Common Area Laundry Apt 2 & 3.jpg
    51-Common Area Laundry Apt 2 & 3.jpg
  • 52-Coin Operated Laundry Apt 2 & 3.jpg
    52-Coin Operated Laundry Apt 2 & 3.jpg
  • 53-Common Area Folding Table.jpg
    53-Common Area Folding Table.jpg
  • 54-Huge Lot.jpg
    54-Huge Lot.jpg
  • 55-Lots of outdoor space.jpg
    55-Lots of outdoor space.jpg
  • 56-Peaks at Le Homme Dieu.jpg
    56-Peaks at Le Homme Dieu.jpg
  • 57-Loads of outdoor space for tenants.jpg
    57-Loads of outdoor space for tenants.jpg
  • 58-Awesome Investment in Lakes Country.jpg
    58-Awesome Investment in Lakes Country.jpg
  • Parcel Map.JPG
    Parcel Map.JPG

About The Listing

Attention Investors! Step right into your next investment with this property that can wear many hats. Right in the heart of lakes country sits this nicely managed and remodeled mixed use space. Looking to move your business or office, and make some nice rental money to boot? Here you go! Apartment #1 is a 3 bed 2 bath unit that rents for $1425. Apartment #2 is a 2 bed 1 bath and currently rents for $1300, and apartment #, is a 3 bed 1 bath and rent is $1475. The commercial space is currently owner-occupied, so there is even more income producing potential! Looking to move your business? This would be a great spot to move your boutique/coffee shop, a water equipment rental shop, an art gallery(current use), a professional office space or even a bait shop! Whether you're adding to your portfolio, or just starting your investment journey, the possibilities are plentiful, and this is a must see. New steel roof, A/C and Furnace, remodeled Apt #2&3 in 2019, Remodeled Apt# 2 in 2022


Listing courtesy of Joanna Hvezda, Real Estate by Jo, LLC
Purchase Price
Loan Type
Down Payment
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
HOA Dues
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Property Details

Features

 
 
 
Property Type: Other
Status: Active
Contingency Type: None
Year Built: 1940
MLS #: 6540522
Square Feet: 4,996
Price Per Square Foot: $102
Garage Spaces: 0
Parking Description: Gravel
Sewer Description: City Sewer/Connected
Water: Well
Heat Type: Forced Air
Basement: Block, Full, Unfinished
Construction Description: Wood Siding
Roof Description: Age Over 8 Years, Age 8 Years or Less, Flat, Metal
Days On Market (Continuous): 28
Disability Features: None
Latest Update: 06/21/2024
List Date: 05/23/2024
Listing Agent ID: 500000408
Listing Office: Real Estate by Jo, LLC
Listing Office ID: 29309
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Lot Size: 1.15 Acres
Lot Features: Cleared, Tree Coverage - Light
School District: Alexandria
Tax Year: 2024
Estimated Taxes: $5,778
Contingency Type: None
City: Alexandria
Zip: 56308
County: Douglas
Subdivision: Carlos Div Of East Add To Thr
State: MN

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Listing last updated: 06/21/24

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