Active with contingency

$249,999

12212 283rd Ave NW, Princeton, MN 55371

2beds

1,056sqft

$1,687/mo

Get pre-qualified

Single Family

Built in 1979

2.5 Acres Lot

$248,400 Zestimate^®

$237/sqft

$-- HOA

What's special

Rare opportunity to own a unique 2.5-acre property offering both residential living and commercial potential. Zoned commercial while featuring a 2-bedroom, 1-bathroom home, this property provides endless possibilities for an owner-occupant, investor, or business owner looking for space to grow. The home offers all living facilities on one level and is ready for your vision. While it needs updating and repairs, it presents an excellent opportunity to renovate, customize, or use as a residence alongside your business. The property is being sold as-is. A standout feature is the impressive shop, offering ample space for storage, equipment, hobbies, or a variety of commercial uses. The expansive acreage provides flexibility for a wide range of business or personal opportunities. Whether you're looking to operate a business, invest in a property with commercial zoning, or create a live-work setup, this one-of-a-kind property offers incredible potential in a hard-to-find package.

50 days
1,293
67

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Bedroom

Level: Main
Area: 120 Square Feet
Dimensions: 10x12

Bedroom 2

Level: Main
Area: 99 Square Feet
Dimensions: 9x11

Kitchen

Level: Main
Area: 112 Square Feet
Dimensions: 8x14

Laundry

Level: Main
Area: 108 Square Feet
Dimensions: 9x12

Living room

Level: Main
Area: 171 Square Feet
Dimensions: 9x19

Heating

Forced Air

Cooling

Window Unit(s)

Appliances

Included: Dryer, Range, Refrigerator, Washer
Laundry: Main Level, Sink

Features

Basement: Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 1,836
Total interior livable area: 1,056 sqft
Finished area above ground: 1,056
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Attached
Attached garage spaces: 1

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1

Lot

Size: 2.5 Acres
Dimensions: 280 x 391 x 280 x 391

Details

Additional structures: Shed(s)
Foundation area: 780
Parcel number: 01000331201
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family

Condition

New construction: No
Year built: 1979

Utilities & green energy

Gas: Propane
Sewer: Private Sewer
Water: Private

Community & HOA

HOA

Has HOA: No

Location

Region: Princeton

Financial & listing details

Price per square foot: $237/sqft
Tax assessed value: $265,900
Annual tax amount: $2,106
Date on market: 7/16/2026

Estimated market value

$248,400

$236,000 - $261,000

$1,791/mo

Price history

Date	Event	Price
7/17/2026	Listed for sale	$249,999+143.9%$237/sqft
Source: NorthstarMLS as distributed by MLS GRID #7110970 Report a problem
7/1/2000	Sold	$102,500$97/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,974 +4.9%	$243,281 +5.7%
2024	$1,882 +6.8%	$230,201 +0.6%
2023	$1,762 +30.1%	$228,938 +9%
2022	$1,354 +10.3%	$209,972 +83.1%
2021	$1,228 +3.9%	$114,706 +10.2%
2020	$1,182	$104,133