Lori Gustafson

602 S Rum River Drive

Princeton, MN
$ 15 Beds 0 Baths 0 Sq 7,200
Monthly Estimate* How much can I afford?

Extremely well built, freestanding commercial building on busy South Rum River Drive near downtown and Hwy 169. Endless possibilities with current commercial zoning. The spancrete trusses allow for an open usable lower level and the phase three electrical will meet the highest of demand uses. Strong street exposure with signage, sufficient off street parking and an additional lot for storage, fencing, addition, etc. See supplements for the full legal addition and the lists of allowable uses. CAM and other lease terms negotiable, bring your ideas. Broker is owner and is open for discussing the many uses and possibilities for this unique property.

Single Family

  • Price
  • $ 15
  • City
  • Princeton
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • County
  • MILLE LACS
  • Half Bathrooms
  • 0
  • Area
  • Ross-Mere
  • Lot Size
  • 0.44 Acres
  • Zip
  • 55371
  • Sqr Footage
  • 7,200
  • Year Built
  • 1992
  • Taxes
  • $ 8282
  • Style
  • MLS#
  • 7068050
Listed By: Minnkota Realty, LLC
Data Source: Northstar MLS (NSTAR)

Features

General

Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common,Heating Common,Hot Water Common
Roof Age 8 Years or Less,Asphalt
Appliances Dryer,Gas Water Heater,Refrigerator,Washer
Construction Materials Concrete
Year Built 1992
Levels One
Tax Year 2025
Current Use Vacant
Accessibility Doors 36 +,Grab Bars In Bathroom
Additional Parcels Description 247610650
County Mille Lacs
New Construction No
Property Type Commercial Lease
Contingency None
Subdivision Name Ross-Mere
Possible Use Office,Other,Professional Service,Retail,Diversified,Lounge/Bar
Directions Hwy 169 to S Rum River Dr
City Princeton
High School District Princeton
Zoning Description Business/Commercial
Number Of Units Total 1
Lot Size Units Acres
Land Lease Y/N No
Tax Annual Amount 8282
Additional Parcels Y/N Yes
Standard Status Active
Lender Owned No
Amenities Unit Indoor Sprinklers,Security System,Security Lights
PostalCity Princeton

Interior Features

Basement Block,Full
Basement (Y/N) Yes
Foundation Dimensions 63 X 58
Fuel Natural Gas

Exterior Features

Parking Features Parking Lot,Paved Lot
Lot Features Corner Lot
Water Source City Water/Connected
Inclusions Other
Lot Size Area 0.44
Building Area Total 7200
Lot Dimensions 91 x 209
Waterfront Y/N No
Foundation Area 3600

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/12/2026 Listed $0

Property vs Zip Code Average in 55371

Taxes
AVG $2,996
$8,282
Year Built
AVG 1990
1992
Visits
AVG 48
27
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

602 S Rum River Drive Princeton, MN is a Single Family Home for sale at $15 with 7200 sqft and a lot size of 0.44 Acres Acre(s). 602 S Rum River Drive Princeton has 0 bedrooms, 0 baths and was built in 1992. The property's zip code is 55371 which is in Princeton, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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