107 Main StAurora, MN 55705

Property Details for 107 Main St

Year built

1987

Property size (Sq ft)

2,016 SF

Property type

Commercial real estate

APN

015-0030-00550

APU

15003000550

Description

This exceptional 0.07-acre property at 107 N Main St, Aurora, MN, presents a unique blend of commercial and residential space. The ground floor boasts a versatile commercial area with high street visibility, perfect for a variety of businesses seeking a dynamic downtown location. Its prime position ensures excellent foot traffic and community engagement, offering significant potential for growth and profitability. Upstairs, a spacious three-bedroom apartment provides a substantial residential component. This area requires some renovation, presenting a fantastic opportunity for value-add improvements and the generation of rental income. The flexible layout allows for creative adaptation to suit diverse business and living needs, making it an ideal live-work solution. The property's location in the heart of Aurora offers easy access to local amenities and services. This is a rare chance to acquire a property with significant upside potential, combining commercial viability with residential comfort. The asking price is $55,000. This represents a compelling investment for those seeking a hands-on project with the potential for substantial returns. The property's strong location and adaptable design make it a standout opportunity in the Aurora market. Serious inquiries are encouraged.

• Alternative Use

  Use

  Valuation

  Residential

  $424,254

  Hospitality

  $388,614

  Educational

  $323,323

  Medical

  $334,442

  Retail

  $502,946

Location Insight

City

Biwabik

County

St. Louis

State

Minnesota

Latitude

47.5333

Longitude

-92.3471

CBSA code

20260

CBSA name

DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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