Loretto, MN 55357 279 N Medina Street
$1,200,000
19 more
Presented By: Bullseye Properties & Realty
SQFT • 22,875
Home Details
Great opportunity for an owner-occupant or an investor. 82% leased and located in downtown Loretto, near shopping and restaurants.
This property offers solid income with no delinquencies, is easy to manage, and still has room to grow. Current tenants include long-term occupants such as the City of Loretto and the Loretto Fire Department.
Highlights:
82% leased with reliable, tenants
Prime downtown location near amenities
Flexible warehouse and office space
Easy to manage with growth potential
Brand new HVAC units in 2025
Presented By: Bullseye Properties & Realty
Interior Features for 279 N Medina Street
Other Interior Features
BasementFull
Basement (Y/N)Yes
Foundation Dimensions30000
FuelNatural Gas
General for 279 N Medina Street
AccessibilityWheelchair Ramp(s)
Additional Parcels Y/NNo
Association AmenitiesConcrete Floors & Walls
CityLoretto
Construction MaterialsAluminum Siding, Brick/Stone
ContingencyNone
CoolingCentral Air, Zoned
CountyHennepin
Current UseProfessional/Office, Professional Service, Warehouse
DirectionsHighway 55 to County Road 19 South into Loretto. Left onto Crestview Ln. Right into property parking lot.
Electric Expense15449.04
Garage Spaces
Gross Income196216.92
HeatingForced Air
High School DistrictDelano
Insurance Expense7518.24
Land Lease Y/NNo
Lender OwnedNot disclosed
Lot Size UnitsAcres
MaintenanceExpense7994.28
Net Operating Income82095.32
Number Of Units Total1
PostalCityLoretto
Property TypeCommercial Sale
RoofFlat
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHillview West Add
Tax Annual Amount34744
Tax Year2025
Trash Expense5691.96
UtilitiesElectric Separate, Heating Separate
Water Sewer Expense3049.99
Year Built1980
Zoning DescriptionBusiness/Commercial
Exterior for 279 N Medina Street
Building Area Total22875
Foundation Area10212
InclusionsBuilding, Land
Lot Dimensions264x292
Lot FeaturesSome Trees
Lot Size Area1.73
Parking FeaturesPaved
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Additional Details
Price History
John Wichmann
Agent