207 S Broadway Avenue, Gilbert, MN 55741 (MLS# 6803069)

Overview

Description

Excellent investment potential. Convenient commercial building located on main street in Gilbert has many updates and would make a great office building/small business location with off street parking. New gas direct vent furnace installed in 2025, updated plumbing, new hot water heater and new electric service. The building also has room for an apartment and the lower level has heat, plug outlets, lights and overhead door access with 1000 sq. ft. of usable space. Located near lakes and ATV trails, it offers many potentials for a great location for a small business. Own a business? Save on rent. Would also make a great commercial rental property.

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 2
Owner Occupied: No
Waterfront Present: No
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 1200
Garage Stalls: Yes
For Sale or Lease: For Sale
Acres: 0.06
Lot Dimensions: 110x25
Assessment Pending: No

Property Features

Accessible: None CMU Style: Freestanding; Office Construction Materials: Frame Construction Status: Previously Owned Current Use: Commercial Exterior: Wood Foundation: Stone Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Downtown; Free Standing On Site Utilities: Electric Separate Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 79500
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 207
Street Direction Prefix: S
Street Name: Broadway
Street Suffix: Avenue
Postal City: Gilbert
County: St. Louis
State: MN
Zip Code: 55741
Complex/Dev/Subdivision: Gilbert 1st Add To The Townsite

Assessments

Tax With Assessments: 562
Assessment Balance: 0

Basement

Foundation Dimensions: 24x50

More Information

Building Information

Building Finished SqFt: 1200
Building SqFt: 2400

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building

Unit Details

Total Units: Yes

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT: 0007 BLOCK:007
Listing City: Gilbert
Map Page: 999
Municipality: Gilbert
School District: Eveleth-Gilbert
School District Phone: 218-744-7701
Zip Plus 4: 564
Property ID Number: 060002001560
Tax Year: 2024
Tax Amount: 562
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Excellent investment potential. Convenient commercial building located on main street in Gilbert has many updates and would make a great office building/small business location with off street parking. New gas direct vent furnace installed in 2025, updated plumbing, new hot water heater and new electric service. The building also has room for an apartment and the lower level has heat, plug outlets, lights and overhead door access with 1000 sq. ft. of usable space. Located near lakes and ATV trails, it offers many potentials for a great location for a small business. Own a business? Save on rent. Would also make a great commercial rental property.
Directions: Within the City limits of Gilbert on main street

Accessible

None: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Exterior

Wood: Yes

Foundation

Stone: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Separate: Yes

CMU Style

Freestanding: Yes
Office: Yes

Current Use

Commercial: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Location Description

Downtown: Yes
Free Standing: Yes