Home of successful businesses for over 60 years, the potential for development of this beautiful corner in almost unlimited. Presently, an income producing property with 12 rental units, 2 garages and owner's 3 bdrm home and garage. Collecting a total of $7,900 per month - No rent collected on the main house which can be owner occupied or rented out. Most leases are held month to month. There are 4 efficiency apts. Most are 1 bedroom. Double wide home has two bedrooms and laundry. Value is mostly in the land and its excellent location, but rental units should keep producing income for a few years. Property has frontage on hwy and Ugstad Rd. Currently runs on 2 septic systems, which can be converted to Hermantown sewer system in the future though not a requirement at this time. Brokered And Advertised By: My Place Realty, Inc. Listing Agent: Sherri Underthun
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