129 6TH AVE. SE, Pine City, MN 55063 (MLS# 6238253)


$1,800,000
129 6TH AVE. SE
Pine City, MN 55063
MLS# 6238253
Status: Closed



129 6TH AVE. SE, Pine City, MN 55063
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129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063 129 6TH AVE. SE, Pine City, MN 55063

Property Description
The city has conditionally approved 80 dorm style units. Amazing opportunity with many possibilities! Ideal location and building for condos, townhouses, hotel with bar restaurant, luxury apartments or possibly something else! The 62,000 S/F building was originally designed and built for a third level and the view is outstanding! The local government is excited to help the developer transfer this iconic building and property into something that will enrich the town of Pine City. Only one hour from downtown Minneapolis/St. Paul , this 5.5 acres has 457 feet of lakeshore on Cross Lake, over 3,000 boat-able acres. Excellent restaurants, amazing local brewery and many other other attractions within walking distance!

Details
Maps
Contract Information
Status: Closed
Off Market Date: 2023-07-07
Current Price: 1300000
Closed Date: 2023-09-15
Sales Close Price: 1300000
Contingency: None
ListPrice: 1800000
List Date: 2022-07-21
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 50
Road Btwn WF & Home?: No
Waterfront Frontage: 457
Waterfront Present: Yes
Year Built: 1970
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 4185
Lake/Waterfront Name: Cross
For Sale or Lease: For Sale
Lot Dimensions: 405X690X454X488
Location Tax and Other Information
House Number: 129
Street Name: 6TH AVE. SE
Postal City: Pine City
County: Pine
State: MN
Zip Code: 55063
Additional Parcels Information
Property ID #2: 425328001
Assessments
Assessment Balance: 3825
Tax With Assessments: 69634
Building Information
Building Finished SqFt: 72900
Building SqFt: 72900
Lake Details
Lake Acres: 925
Lake Depth: 30
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Fixture/Equipment, Land
Unit Details
Total Units: 150
Property Features
Accessible: Accessible Elevator Installed; Doors 36"+; Hallways 42"+
CMU Style: Apartments and Retail; Apartments/Multi Family; Business Opportunity; Low Rise; Other; Resort
Construction Status: Previously Owned
Current Use: Vacant
Exterior: Brick/Stone
Financing Terms: Conventional
Fuel: Electric; Natural Gas
Heating: Boiler; Hot Water
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Parking Characteristics: Paved Lot
Sewer: City Sewer/Connected
Water: City Water/Connected

Listing Office: Local Realty Inc.

Last Updated: June - 08 - 2025

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

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