Property

Loretto, MN 55357 279 N Medina Street

$1,200,000

Pending
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Presented By: Bullseye Properties & Realty
  • MLS# 6767466
  • 08/14/2025
  • Request Tour
  • Request Info
  • SQFT • 30,000

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

Bedrooms

Total Bedrooms

Bathrooms

Total Baths

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
CityLoretto
Construction MaterialsConcrete, Steel Siding
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
New ConstructionNo
Number Of Units Total1
Operating Expense114121.6
Pool FeaturesNone
PostalCityLoretto
Property TypeCommercial Sale
RoofFlat
SewerCity Sewer/Connected
Standard StatusPending
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 Total30000
Foundation Area10212
InclusionsBuilding, Land
Lot Dimensions264x292
Lot FeaturesTree Coverage - Light
Lot Size Area1.73
Parking FeaturesPaved Lot
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $1,200,000
MLS#6767466
List Date 08/14/2025
Property Type Pending
Phone (612) 309-4749
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Request Info
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