110 Main Avenue S, Red Lake Falls, MN 56750 (MLS# 26-555)

110 Main Avenue S, Red Lake Falls, MN 56750

$1,099,100

Property Type: Commercial For Sale Lot Size (sq. ft.): 31,225 Status: Active

Current Price: $1,099,100 List Date: 8/28/2026 Last Modified: 8/28/2026

Overview

Description

Amazing opportunity to purchase a 16 Plex at a very steep discount to replacement cost with three large employers only 18 miles away: Digi-Key, Sanford Health, and Arctic Cat. Current owner has been very absent, so an active owner-operator has a huge opportunity to maximize revenue and minimize tenant property damage. There is a solid on-site caretaker available, if desired. Owner/Broker

Listing Details MLS# 26-555

Contract Information

Property Name: Clearwater Apartments
Begin Date: 2026-08-28
Auction YN: No
Price: 1099100
Owner/Agent: Yes

Location

Address #: 110
Street Name: Main
Street Suffix: Avenue
Street Direction Sfx: S
County: Red Lake
State/Province: MN
Postal Code: 56750

General Tax Legal

Parcel No.: 17-2872-010, 17-2871-010
Year Built: 1996
Lot Size (SF): 31225
Lot Acres: 0.72

Multi-Family Info

# Rental Units: 16

1 Bedroom Info

# of 1 Bedrooms: 4

More Information

2 Bedroom Info

# of 2 Bedrooms: 8

3 Bedroom Info

# of 3 Bedrooms: 4

Property Features

Type: Investment Property; Multi-Family Roof: Conventional Shingle Foundation: Poured Safety Features: Fire Sprinkler; Sec. System Wired Heat System: Baseboard; Hot Water-Steam Air Conditioning: Window

Listing Office: Principal Hospitality Brokers, LLC

Office Email: bmaring@sonmar.com

Last Updated: August - 28 - 2026

Information deemed reliable but not guaranteed.