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Neal Anderson, Managing Broker
(612) 865-5955
Counselor Realty, Inc |
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510 5th Street , Jackson, MN 56143
STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Original Town-Jackson
SCHOOL: Jackson Central
Property Description
Fully renovated 5-unit multifamily investment opportunity offering immediate cash flow, plus a separate single-family home for a total of 6 units. The multifamily building has been thoughtfully reimagined with modern upgrades and strong income stability. Unit mix includes one 3BR/1.5BA open-concept unit, three 2BR/1BA units, and one 1BR/1BA with balcony access. Extensive renovations include new flooring, updated wiring, new electrical systems, and new plumbing throughout. Mechanical improvements feature five new HVAC systems and four on-demand water heaters. Each unit has its own breaker box and is separately metered. Unit 6 is a 4BR/1.5BA single-family home with original character, abundant storage, and a tuck-under garage. All units are occupied with leases in place, creating a turnkey investment with long-term value.
Property Features
Property Type: Commercial - Business Cooling: Central Air, Window Unit(s) Fuel Type: Natural Gas Garage: 2 Heating: Forced Air, Hot Water Lot Size: 0.11 Acres Roof Type: Asphalt Stories: 2.0 Taxes: $1,078 Year Built: 1961
Feature Descriptions
Appliances: Dishwasher, Range, Refrigerator, Tankless Water Heater
Basement: Shared Access, Storage/Locker
Current Use: Residential
Days on Site: 20
Exterior: Block, Frame
Foundation Size: 3202
Lot: Corner Lot
Lot Dimensions: 99 x 82
Owners Expense: Gas, Grounds Care, Sewer, Snow Removal, Trash Collection, Water
Parcel#: 232002000
Parking: Tuckunder Garage, Unassigned
Road Frontage: City Street
Sale Includes: Building
Sewer: City Sewer/Connected
Shared Rooms: Other
Tenant Expenses: Cable TV, Electricity, Telephone, Water
Units: 5
Utilities: Electric Separate, Heating Separate, Hot Water Separate
Water: City Water/Connected
Local Schools
School District: Jackson Central
Listed By / Shown By
Agency Name: Edina Realty, Inc.
Agency Phone: 507-727-7355
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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510 5th Street | MLS# 7062999
This commercial property located at 510 5th Street , Jackson, MN 56143 is currently listed for sale with an asking price of $800,000. 5th Street is located within the Jackson Central school district. Search Jackson real estate on nanderson.counselorrealty.com today.