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For Sale:  Cokato MLS# 7156958

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Active NEW!
$395,000
/mo Edit
Commercial:  Other
Built 1924
0.07 acres
Dassel-Cokato schools
MLS# 7156958
763-576-8286
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    Property Description

    Great investment opportunity in the heart of downtown Cokato! This mixed-use commercial building offers business space on the main level and two residential apartments upstairs, providing multiple income opportunities. The main level features five private offices and a common workspace. The upper level includes a two-bedroom, one-bath apartment and a studio apartment with its own private bathroom. Numerous improvements have been completed, including a new roof and front steel siding in 2025, new heating and cooling systems in the studio apartment in 2024 and the two-bedroom apartment in 2026, and new LVP flooring in both apartments. Additional improvements include interior painting, replacement appliances, and a new sump pump. With its convenient downtown location and combination of commercial and residential space, this property offers a great opportunity for investors or business owners looking to generate rental income!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $395,000
    Property Type: Commercial
    City: Cokato
    Garage Spaces: 0
    County: Wright
    Year Built: 1924
    State: MN
    Property Style: Other
    Zip Code: 55321

    Interior

    Refrigerators: Two
    Appliances Included:
    • Air-To-Air Exchanger
    • Chandelier
    • Dishwasher
    • Dryer
    • Exhaust Fan
    • Range
    • Refrigerator
    • Washer
    • Water Softener Owned
    Basement Details:
    • Block
    • Full
    • Partially Finished
    • Storage Space
    • Sump Pump

    Exterior

    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 4,500 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Off Site
    • On-Street Parking Only
    • Parking Lot
    • Paved Lot
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Street Lights
    Roof Details: Age 8 Years or Less

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.07
    Geolocation: 45.076431, -94.190538
    Inclusions: Building, Fixture/Equipment, Leases
    Lot Dimensions: 58 x 49
    Zoning: Business/Commercial

    Schools

    School District: 466
    District Phone: 3202864100

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $5,336
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,336

    Units

    Total Units: 4

    Miscellaneous

    Current Use:
    • Professional/Office
    • Residential
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.