Wonderful business opportunity right in the heart of Gilbert, MN. Set up the business of your dreams, or rent out the apartment above! There is so much to desire with this location. The apartment is very newly renovated and the storefront used to be a bakery and has a ton of character and charm. There living space above is fully renovated with new roof, new windows on the east side, new ceilings made of pine and tamarack, fresh paint, possible 3rd bedroom in the upper loft area, and so much more! Don't miss out on this business opportunity and move in ready apartment. This is Zoned for Commercial use as well.
Closed
$125,000
115 S Broadway Ave, Gilbert, MN 55741
2beds
2,484sqft
Single Family Residence
Built in 1910
2,750 Square Feet Lot
$171,300 Zestimate®
$50/sqft
$1,490 Estimated rent
Home value
$171,300
$156,000 - $190,000
$1,490/mo
Zestimate® history
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$640/mo
Est. payment
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Est. payment
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New windowsReady apartmentNew roofFresh paint
Zillow last checked:
Listing updated:
Listed by:
Michael D. Jorgensen 218-428-8808,
Edina Realty, Inc. - Duluth
Bought with:
Ona Rawson
eXp Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6421791
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Upper
- Area: 114 Square Feet
- Dimensions: 9.5x12
Bedroom 2
- Level: Upper
- Area: 110.5 Square Feet
- Dimensions: 8.5x13
Dining room
- Level: Upper
- Area: 112.5 Square Feet
- Dimensions: 9x12.5
Kitchen
- Level: Upper
- Area: 252 Square Feet
- Dimensions: 12x21
Living room
- Level: Upper
- Area: 238 Square Feet
- Dimensions: 14x17
Loft
- Level: Upper
- Area: 320.25 Square Feet
- Dimensions: 10.5x30.5
Heating
- Boiler
Cooling
- Window Unit(s)
Appliances
- Laundry: Main Level
Features
- Basement: Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 2,484
- Total interior livable area: 2,484 sqft
- Finished area above ground: 1,242
- Finished area below ground: 1,242
Property
Parking
- Total spaces: 1
- Parking features: Attached, Off Site, More Parking Onsite for Fee
- Attached garage spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: More Than 2 Stories
- Patio & porch: Deck
- Pool features: None
- Fencing: None
Lot
- Size: 2,750 Square Feet
- Dimensions: 25 x 110
Details
- Foundation area: 1242
- Parcel number: 060002001760
- Zoning description: Business/Commercial,Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age 8 Years or Less
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: 200+ Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Gilbert 1st Add To The Townsite
HOA
- Has HOA: No
Location
- Region: Gilbert
Financial & listing details
- Price per square foot: $50/sqft
- Tax assessed value: $162,600
- Annual tax amount: $308
- Date on market: 8/23/2023
- Cumulative days on market: 253 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/3/2024 | Sold | $125,000-10.7%$50/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6421791 Report a problem | ||
| 3/18/2024 | Price change | $140,000+12%$56/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6421791 Report a problem | ||
| 3/18/2024 | Price change | $125,000-10.7%$50/sqft |
Source: Range AOR #145635 Report a problem | ||
| 3/12/2024 | Pending sale | $140,000+12%$56/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6421791 Report a problem | ||
| 1/16/2024 | Price change | $125,000-10.7%$50/sqft |
Source: Range AOR #145635 Report a problem | ||
| 9/29/2023 | Price change | $140,000-6.7%$56/sqft |
Source: Range AOR #145635 Report a problem | ||
| 8/21/2023 | Listed for sale | $150,000+100%$60/sqft |
Source: Range AOR #145635 Report a problem | ||
| 2/16/2018 | Sold | $75,000$30/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $690 -7.8% | $162,600 +24.4% |
| 2023 | $748 -6.3% | $130,700 |
| 2022 | $798 -11.5% | $130,700 +5.2% |
| 2021 | $902 | $124,200 -6.6% |
| 2020 | $902 | $133,000 |
| 2019 | $902 -31.9% | $133,000 +8.5% |
| 2018 | $1,324 +1.8% | $122,600 |
| 2017 | $1,300 -1.8% | $122,600 +2.1% |
| 2016 | $1,324 +7.6% | $120,100 +30.4% |
| 2015 | $1,230 -2.2% | $92,100 -5.3% |
| 2014 | $1,258 +9.1% | $97,300 |
| 2013 | $1,153 +3% | $97,300 |
| 2012 | $1,119 -7.3% | $97,300 -17.7% |
| 2011 | $1,207 -4.3% | $118,200 -7.4% |
| 2010 | $1,261 | $127,600 |
| 2009 | $1,261 +23% | $127,600 +13.3% |
| 2008 | $1,025 +17.5% | $112,600 +23.5% |
| 2007 | $872 +14.4% | $91,200 +24.4% |
| 2006 | $763 +26.4% | $73,300 +52.7% |
| 2004 | $604 +8.1% | $48,000 +17.4% |
| 2003 | $558 +12.5% | $40,900 +13.9% |
| 2002 | $496 +2.1% | $35,900 +14.7% |
| 2001 | $486 +4.2% | $31,300 +10.2% |
| 2000 | $467 | $28,400 |
Find assessor info on the county website
Neighborhood: 55741
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Nearby schools
GreatSchools rating
- 9/10Laurentian ElementaryGrades: PK-6Distance: 2.6 mi
- 5/10VIRGINIA HIGH SCHOOLGrades: 7-12Distance: 2.6 mi
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- Minnesota
- Saint Louis County
- Gilbert
- 55741
- 115 S Broadway Ave
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