4472 40th Street W, Webster Twp

$460,000

0 Bed
0 Bath
.18 Acre
3 Garages

For Sale 4-unit, 3 apartments & 1 commercial space, 5,636 SF investment property in great condition near Elk New Market, MN. 4472 40th St W, Webster, MN 55044 is a fully leased mixed-use property that includes onsite parking, laundry, and 3 stall detached garage. Well maintained and recently updated, this mixed-use property is only minutes from Elko New Parket and within 30 minutes of the Twin Cities.

Very strong tenants with the United States Postal Service as a longtime anchor tenant on the first floor and 3 occupied apartments above. USPS has been at this location for many years with their current lease through 2028. THe 3 apartments on the second floor, one 1 bedroom & two 2 bedroom, are in great condition with two of them being fully remodeled in 2021. All units have long-term tenants in place.

Ample parking with space in front of the building and a lot directly across the street. A detached garage with 3 stalls is located on the property and will be included in the sale.

Essential Information
MLS® #6388740
Price$460,000
Bathrooms0.00
Acres0.18
Year Built1940
TypeCommercial Sale
Sub-TypeMixed Use
StyleMixed Use
StatusActive
Community Information
Address4472 40th Street W
SubdivisionTownsite/Webster
CityWebster Twp
CountyRice
StateMN
Zip Code55088
Amenities
# of Garages3
Garages

Detached, Guest Parking, Off Site

Interior
HeatingBaseboard
Exterior
ConstructionBrick/Stone
School Information
DistrictNorthfield
Additional Information
Days on Market327
ZoningBusiness/Commercial
Listing Details
OfficeRE/MAX Results
Property History
Price Reduced from $476,000 to $460,000
Price Reduced from $490,000 to $476,000
Price Reduced from $500,000 to $490,000
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Listing information last updated on May 16th, 2024 at 12:21am CDT.