306 Atlantic Avenue, Atwater, MN 56209

$275,000
Property Type: Commercial Lot Size (sq. ft.): 2,178 Status: Active
Current Price: $275,000 List Date: 3/30/2026 Last Modified: 5/02/2026

Overview

Description

100% occupied, cash-flowing, opportunity in the community of Atwater. Located 1 hour from Saint Cloud, this property offers 3 rental units. Two 1 bed, 1 bath units residential rentals upstairs, and a shop that is currently occupied with additional income from the laundry. Turn-Key operation!

Listing Details MLS# 7045833

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront Present
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Foundation Size
4320
For Sale or Lease
For Sale
Acres
0.05
Lot Dimensions
48x100
Assessment Pending
Unknown
Other Parking Spaces
0
Garage Stalls
0

Property Features

Accessible: None CMU Style: Mixed Use Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Lock Box Type: Combo On Site Utilities: Electric Common; Heating Common Owner Pays: Electricity; Gas; Water Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
275000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
306
Street Name
Atlantic
Street Suffix
Avenue
Postal City
Atwater
County
Kandiyohi
State
MN
Zip Code
56209
Complex/Dev/Subdivision
Atwater Town Of

Assessments

Tax With Assessments
1096
Assessment Balance
0

Building Information

Building Finished SqFt
1300

More Information

Income and Expenses

Annual Electric Expense
3000
Annual Fuel Expense
1950
Annual Gross Expenses
7246
Annual Gross Income
28824
Annual Net Income
21578
Annual Water/Sewer Expense
1200

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
33
Section#
11
Township#
119

Sale Options

Sale Includes
Other

Unit 1

No. of 1 Bedroom Units
2

Unit Details

Total Units
3

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
ATWATER (TOWN OF) W 23' OF LOT 8, E 2' OF LOT 9
Listing City
Atwater
Map Page
999
Municipality
Atwater
School District
A.C.G.C.
School District Phone
320-857-2271
Zip Plus 4
5162
Property ID Number
400750440
Tax Year
2025
Tax Amount
1096
In Foreclosure?
Not disclosed
Potential Short Sale?
Not disclosed
Lender Owned?
Not disclosed

Directions & Remarks

Public Remarks
100% occupied, cash-flowing, opportunity in the community of Atwater. Located 1 hour from Saint Cloud, this property offers 3 rental units. Two 1 bed, 1 bath units residential rentals upstairs, and a shop that is currently occupied with additional income from the laundry. Turn-Key operation!
Directions
US-12 W/N Sibley Ave, turn left on Main St. N, turn right onto Atlantic Ave.

Accessible

None
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Lock Box Type

Combo
Yes

Owner Pays

Electricity
Yes
Gas
Yes
Water
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes

CMU Style

Mixed Use
Yes

Current Use

Residential
Yes

Loan Terms

Cash
Yes
Conventional
Yes
Listing Office: Ferndale Realty
IDX
Last Updated: May - 02 - 2026
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