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Commercial - Milroy, MN
Welcome to 501 Euclid Avenue! Discover a rare opportunity to own a unique multi-family property on the main street of Milroy, conveniently located across from the local gas station and fitness center. This property spans two parcels and features four rental units, including a stunning historic brick building—originally the city's bank—now transformed into a charming apartment complex with three distinct rental units.
Originally renovated starting in 2010, the building received a new foundation and a durable flat rubber membrane roof before being fully converted into rental spaces (roof has been recoated in 2023 - ready for years to come!). It includes a one-bedroom apartment, a two-bedroom apartment, and a studio-style unit, all designed with high ceilings, open living spaces, and preserved architectural details that exude historic charm. The apartment building is fully electric, powered ...
Originally renovated starting in 2010, the building received a new foundation and a durable flat rubber membrane roof before being fully converted into rental spaces (roof has been recoated in 2023 - ready for years to come!). It includes a one-bedroom apartment, a two-bedroom apartment, and a studio-style unit, all designed with high ceilings, open living spaces, and preserved architectural details that exude historic charm. The apartment building is fully electric, powered by an updated geothermal system for efficient heating and cooling. Energy-efficient windows were custom-designed to maintain the building’s original aesthetic while enhancing comfort.
Additionally, the property includes a completely renovated trailer home (2023), adding even more investment potential. The property has been well-loved and meticulously maintained. Whether you're looking for a strong investment opportunity or a piece of local history, this property is a must-see!
Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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