Charming building located in Stillwater

Stillwater, MN
Washington County

209 south main st. Stillwater, MN.


Asking Price: Annual Revenue:
$2,100,000 Not Disclosed

Commercial Real Estate: Multi-Family


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RE: Charming building located in Stillwater Broker: Bill Kraemer
Owner Financing is Available!
Seller willing to finance a portion of sale to qualified buyer.

Quick Facts

Asking Price: $2,100,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $2,100,000
Year Established: 1858
Employees: Not Disclosed
BBN Listing #: 420240231
Broker Reference #: 8248 b.k.

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Business Overview:

Description: This charming 10,000 + square feet building is located on the high demand south side of town, east side of main street, downtown Stillwater. With 5,200 square feet ground floor and 3 retail spaces, second-floor area of +/- 4,900 square feet. The ground floor has a 12’ ceiling height with a tin ceiling, plaster walls and hardwood floor; the basement is 4,000 square feet and is used for storage. Clear height is about 5’ 8”. The second floor has three unique apartments used as Air B&Bs. All three units are one-bedroom, living/dining room, Kitchen, full bath and laundry/storage. The roof has a deck at the back of the building with expansive views of the river and bluffs.

Exterior Features: The building is mill construction with brick walls and wood posts and beams. The brick walls are exposed in the apartment units and plastered/brick in the retail units, the roof is a rubber bladder that is flat with a pitch. The roof is 5 years old and appears to be in great condition.

Interior Features: This property has all three retail spaces leased with all three apartments being rented out a couple times a week as Air B&B. Building has a combination of wood, tile and carpeted. The walls are a combination of brick, drywall and plaster. Ceilings are painted drywall, tin and open. The building uses forced air for heat and cooling.

Age / Condition: Built in 1858. The interior and exterior are in good condition.

ASKING PRICE: The owner is asking $2,100,000 for the building. The three apartments generate approximately a gross income of $125,000 annually, and the three retail spaces generate approx. $58,800 annually.

REASON FOR SALE: Other Interest

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Property Features and Assets:

The building is mill construction with brick walls and wood posts and beams. The brick walls are exposed in the apartment units and plastered/brick in the retail units, the roof is a rubber bladder that is flat with a pitch. The roof is 5 years old and appears to be in great condition.

Reason for Selling:

Other Interests.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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