706, 708, 710 Holden Ave., Henning, MN 56551

General Property Information

Lot Measurement: Acres
Management Company Name: Henning Homes
Multiple PIDs?: No
Other Parking Spaces: 16
Owner Occupied: No
Waterfront Present: No
Year Built: 1978
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 9062
Management Company Phone: 701-212-3408
For Sale or Lease: For Sale
Acres: 1.55
Lot Dimensions: 658' x 348'
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Amenities Shared: Coin-op Laundry Owned; Other Amenities Unit: Cable; Primary Bedroom Walk-In Closet Appliances: Cooktop; Range; Refrigerator Assumable Loan: Not Assumable Basement: None CMU Style: Apartments/Multi Family; Common Wall Construction Materials: Frame Construction Status: Previously Owned Current Use: Commercial; Residential Existing Financing: Conventional Rehab Exterior: Vinyl Fencing: None Flooring: Carpet; Vinyl/Linoleum Foundation: Concrete Block Fuel: Electric Heating: Baseboard Internet Options: Cable Loan Terms: Cash; Conventional Location Description: Free Standing Lock Box Type: Combo Lot Description: Corner Lot; Irregular Lot Miscellaneous Information: Kitchen Facilities On Site Utilities: Electric Separate; Heating Separate; Hot Water Common Owner Pays: Cable TV; Common Area Maintenance; Grounds Care; Hot Water; Insurance; Lawn; Lawn; Maintenance/Repair; Management; Repairs; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot; Paved Lot; Unassigned; Uncovered/Open Potential Use: Income Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Topography: Level Unit 15: Total Bathrooms Water: City Water/Connected; Shared System

Contract Information

Contingency: None
ListPrice: 500000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 706, 708, 710
Street Name: Holden Ave.
Postal City: Henning
County: Otter Tail
State: MN
Zip Code: 56551
Complex/Dev/Subdivision: 01143-ORIGINAL PLAT-HENNING

Assessments

Tax With Assessments: 8157
Assessment Balance: 0

Building Information

Building Finished SqFt: 12422
Building SqFt: 12422
Ceiling Height: Less Than 8 Feet

More Information

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: OTHER
Combo: Yes

Miscellaneous Information

Homestead: No
Kitchen Facilities: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 38
Section#: 23
Township#: 133

Sale Options

Sale Includes: Building, Inventory, Land, Leases

Unit 1

Unit Number: 1 - 710
Monthly Rent: 500
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Level: Main Level
Unit Total SqFt: 700
Leased?: No

Unit 10

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: Main Level
Monthly Rent: 465
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 2 -706
Unit Total SqFt: 700

Unit 11

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: Main Level
Monthly Rent: 500
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 3 - 706
Unit Total SqFt: 700

Unit 12

Full Baths: Yes
Lease Expiration Date: 2026-10-31
Leased?: Yes
Level: Main Level
Monthly Rent: 500
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 4 - 706
Unit Total SqFt: 700

Unit 13

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: Main Level
Monthly Rent: 465
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 5 - 708
Unit Total SqFt: 700

Unit 14

Full Baths: Yes
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: Main Level
Monthly Rent: 465
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 6 - 708
Unit Total SqFt: 700

Unit 15

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: Main Level
Monthly Rent: 465
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 7 - 708
Unit Total SqFt: 700
Total Bathrooms: Yes

Unit 2

No. of 2 Bedroom Units: 16
Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: Main Level
Monthly Rent: 465
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 2 - 710
Unit Total SqFt: 700

Unit 3

Full Baths: Yes
Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: Main Level
Monthly Rent: 500
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 3 - 710
Unit Total SqFt: 700

Unit 4

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: Main Level
Monthly Rent: 465
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 4 - 710
Unit Total SqFt: 700

Unit 5

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 465
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 5 - 710
Unit Total SqFt: 700

Unit 6

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 465
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 6 - 710
Unit Total SqFt: 700

Unit 7

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 465
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 7 - 710
Unit Total SqFt: 700

Unit 8

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 465
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 8 - 710
Unit Total SqFt: 700

Unit 9

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: Main Level
Monthly Rent: 465
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 4
Unit Number: 1 - 706
Unit Total SqFt: 700

Unit Details

Total Units: 16

Office/Member Info

Association: GLAR

Location, Tax and Other Information

Legal Description: SECT-23 TWP-133 RANGE-038 .60 AC PT NE1/4 SW1/4 BG NE COR, S 198', W 78.28', NWLY DOUGLAS ST 105.28', N 120.5' E 150' TO BG and SECT-23 TWP-133 RANGE-038 ORIGINAL PLAT-HENNING TR IN LOT 3 SL 43 OF RES D REC BK 425 PG 495
Listing City: Henning
Map Page: 999
Municipality: Henning
School District: Henning
School District Phone: 218-583-2927
Property ID Number: 72000990310001
Tax Year: 2026
Tax Amount: 7069.06
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Here is a unique investment opportunity. This 3 building, 16 plex consists of an 8 unit and 2 - 4 unit buildings. Each are 2 bedroom, 1 bath apartments with a common entrance for each building. Rent is currently below area rate as this complex was financed by several community minded people with rent control financing to provide low cost housing in the community. The rent control contract has expired and the owner group would like to pass on the management to someone else. Since the expiration of the contract, rent has been increased for new tenants. The property contains a large area that would allow for a 4th building to be constructed. Offers must be delivered to the listing agent by July 15, 2026 at 5:00pm Central Standard Time. Listing agent will hold all offers as "sealed" until the next meeting of the Board of Directors. At such time, the board shall open and duly consider each offer presented. The Board reserves the right to decline, accept, or counter any offer. The Board also reserves the right to call for "highest and best" between competing offers. The final acceptance of a Purchase Agreement shall be at a date, not specified here, at the direction of the Board. Final closing date shall be negotiated between the Seller and Buyer. All 16 apartments are Section 8 eligible.
Directions: From the intersection of state Highways 210 and 108, turn west into Henning. The property is on the right at the first street intersection.

Accessible

None: Yes

Air Conditioning

Wall Unit(s): Yes

Amenities Shared

Coin-op Laundry Owned: Yes
Other: Yes

Amenities Unit

Cable: Yes
Primary Bedroom Walk-In Closet: Yes

Appliances

Cooktop: Yes
Range: Yes
Refrigerator: Yes

Assumable Loan

Not Assumable: Yes

Basement

None: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional Rehab: Yes

Exterior

Vinyl: Yes

Fencing

None: Yes

Flooring

Carpet: Yes
Vinyl/Linoleum: Yes

Foundation

Concrete Block: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Internet Options

Cable: Yes

Lot Description

Corner Lot: Yes
Irregular Lot: Yes

Owner Pays

Cable TV: Yes
Common Area Maintenance: Yes
Grounds Care: Yes
Hot Water: Yes
Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Management: Yes
Repairs: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Garage Dimensions: No
Parking Lot: Yes
Paved Lot: Yes
Unassigned: Yes
Uncovered/Open: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Topography

Level: Yes

Water

City Water/Connected: Yes
Shared System: Yes

Income and Expenses

Annual Fuel Expense: 0

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

Electricity: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Common: Yes

CMU Style

Apartments/Multi Family: Yes
Common Wall: Yes

Current Use

Commercial: Yes
Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Location Description

Free Standing: Yes

Potential Use

Income: Yes

Rent Rate per Foot

Per Month: Yes