$196,901
Vergas, MN 56587
MLS# 6416233
Status: Closed
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Property Description
Introducing an exceptional commercial opportunity in the heart of Vergas, Minnesota. This prime property features a strategically designed building boasting two distinct office/retail spaces, each with its own unique appeal. Part 1 offers a versatile 950 square feet of unleased space, awaiting your vision and customization. With prominent frontage on Main Street, this area presents a blank canvas for businesses seeking to establish a strong presence in the community. The convenience of a dedicated parking spot behind the building enhances accessibility for both clients and employees. Part 2 is home to a well-established tenant -- the U.S. Post Office. Spanning 1,220 sq. ft., this leased space generates a consistent stream of income, further enhancing the property's investment potential. Strategically positioned between the Vergas Hardware Store and City Hall and Liquor Store, this commercial building boasts a coveted position in downtown Vergas.
Details
Maps
Contract Information
Digitally Altered Photos: No
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2023-08-22
Current Price: $196,901
Closed Date: 2023-10-02
Sales Close Price: 196901
Contingency: None
ListPrice: 175000
List Date: 2023-08-10
Office/Member Info
Association: LCAR
MLSID: RMLS
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 2
Owner Occupied: No
Year Built: 1963
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 63x69
Acres: 0.09
Foundation Size: 2170
Garage Stalls: 0
For Sale or Lease: For Sale
Location, Tax and Other Information
Legal Description: Lengthy - see documents
Listing City: Vergas
Map Page: 999
Municipality: Vergas
Rental License?: No
School District: Frazee-Vergas
School District Phone: 218-334-3181
Zip Plus 4: 116
Property ID Number: 82000990064001
Tax Year: 2023
Tax Amount: 1762
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Introducing an exceptional commercial opportunity in the heart of Vergas, Minnesota. This prime property features a strategically designed building boasting two distinct office/retail spaces, each with its own unique appeal. Part 1 offers a versatile 950 square feet of unleased space, awaiting your vision and customization. With prominent frontage on Main Street, this area presents a blank canvas for businesses seeking to establish a strong presence in the community. The convenience of a dedicated parking spot behind the building enhances accessibility for both clients and employees. Part 2 is home to a well-established tenant -- the U.S. Post Office. Spanning 1,220 sq. ft., this leased space generates a consistent stream of income, further enhancing the property's investment potential. Strategically positioned between the Vergas Hardware Store and City Hall and Liquor Store, this commercial building boasts a coveted position in downtown Vergas.
Directions: Downtown Vergas, between City Hall and Vergas Hardware, across from Billy's Corner Bar.
Accessible
Partially Wheelchair: 1
Air Conditioning
Ductless: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 1858
Basement
Foundation Dimensions: 35x62
Building Information
Building Finished SqFt: 2170
Building SqFt: 2170
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Steel Siding: 1
Financing Terms
Cash: 1
Fuel
Electric: 1
Heating
Baseboard: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Combo: 1
Lock Box Source: LCAR
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Uncovered/Open: 1
Public Survey Info
Range#: 41
Section#: 25
Township#: 137
Sale Options
Sale Includes: Building, Land, Leases
Sewer
City Sewer/Connected: 1
Unit Details
Total Units: 2
Water
City Water/Connected: 1
Income and Expenses
Annual Gross Income: 12932
Tenant Pays
All Utilities: 1
Fuel: 1
Snow Removal: 1
Trash Collection: 1
Water: 1
On Site Utilities
Electric Separate: 1
CMU Style
Freestanding: 1
Current Use
Office: 1
Loan Terms
Cash: 1
Conventional: 1
Potential Use
Office: 1
Professional: 1
Retail: 1
Location Tax and Other Information
House Number: 131
Street Direction Prefix: E
Street Name: Main
Street Suffix: Street
Postal City: Vergas
County: Otter Tail
State: MN
Zip Code: 56587
Property Features
Accessible: Partially Wheelchair
Air Conditioning: Ductless
CMU Style: Freestanding
Construction Status: Previously Owned
Current Use: Office
Exterior: Brick/Stone; Steel Siding
Financing Terms: Cash
Fuel: Electric
Heating: Baseboard
Loan Terms: Cash; Conventional
Lock Box Type: Combo
On Site Utilities: Electric Separate
Parking Characteristics: Uncovered/Open
Potential Use: Office; Professional; Retail
Sewer: City Sewer/Connected
Tenant Pays: All Utilities; Fuel; Snow Removal; Trash Collection; Water
Water: City Water/Connected
Listing Office: Counselor Realty Detroit Lakes
Last Updated: August - 07 - 2025
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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.