407 Elm Avenue, Waverly, MN 55390

Sold: 190000
Sold on: Jan 8th, 2026
Sold: 190000
Sold on: Jan 8th, 2026
MLS#6789415
STATUSClosed PROPERTY TYPECommercial - Business SUBDIVISIONOriginal Waverly SCHOOLHoward Lake-Waverly-Winsted


Property Description

Mixed-use building in Waverly featuring one apartment and one commercial space, both leased to long term tenants. This property provides stable income with the benefit of residential and commercial diversification. The aparment has a 2 stall garage along with laundry in the unit. Total monthly rent is $2,350. Financials attached in the supplements.

Property Features

Days on Market: 105
Fuel Type: Natural Gas
Garage: 2
Heating: Forced Air
Lot Size: 0.09 Acres
Taxes: $1,866
Year Built: 1898

Feature Descriptions

Current Use: Commercial, Residential
Foundation Size: 1100
Handicap Accessible: Doors 36+
Lot Dimensions: 0.085
Parcel#: 116010019060
Parking: Detached Garage, Asphalt
Sale Includes: Building
Sewer: City Sewer/Connected
Units: 2
Utilities: Electric Separate, Heating Separate
Water: City Water/Connected

Local Schools

School District: Howard Lake-Waverly-Winsted

Listed By / Sold By

Listed By

Agency Name: Lifecycle Real Estate Services

Shown By

Agency Title: RE/MAX Legacy Realty
Agency Phone: 701-492-5050

Sold By

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