Lori Gustafson

101 Wilson Street

Springfield, MN
$ 349,000 Beds 3 Baths 2 Sq 1,193
Monthly Estimate* How much can I afford?

Incredible mixeduse opportunity in Springfield, MN! This unique property includes two updated geothermal homes, a 44×88 commercial shop, and three city lots, all sold together as one versatile package. Perfect for investors, business owners, or anyone seeking a live work setup with multiple income streams. The commercial building features a freshly painted brick front, 200 amp electrical, multiple overhead doors, upper storage, and mixed commercial/residential zoning. Ideal for welding, auto work, or rental income. Both homes are updated and energy efficient with geothermal heating/cooling, modern siding, and 1.75 baths. One home is currently rented, providing immediate income. The three city lots offer ample parking, yard space, and future expansion potential. A rare chance to own a turnkey multi property package with exceptional flexibility and value. Property includes two tax parcels and a commercial building that crosses parcel lines. All parcels must be sold together. Property Taxes does not include the 2nd parcel ID Number and lot size.

Single Family

  • Price
  • $ 349,000
  • City
  • Springfield
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • BROWN
  • Half Bathrooms
  • 0
  • Area
  • Paffrath & Schmid 1st Add
  • Lot Size
  • 0.162 Acres
  • Zip
  • 56087
  • Sqr Footage
  • 1,193
  • Year Built
  • 1915
  • Taxes
  • $ 1602
  • Style
  • Single Family
  • MLS#
  • 7095297
Listed By: Savvy Avenue, LLC
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1193
Sewer City Sewer/Connected
Heating Geothermal
Cooling Geothermal
Roof Age Over 8 Years,Asphalt
Appliances Dishwasher,Dryer,Electric Water Heater,Exhaust Fan,Microwave,Range,Refrigerator,Washer,Water Softener Owned
Garage Spaces 1
Pool Features None
Construction Materials Brick,Concrete,Frame
Year Built 1915
Electric 150 Amp Service
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
Additional Parcels Description R00319000102020
County Brown
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Paffrath & Schmid 1st Add
Full Baths 1
Directions Hwy 14 to Main Street,turn south. Main street to O'Connell,turn south. Property is on the corner of Wilson and O'Connell.
City Springfield
High School District Springfield
Zoning Description Business/Commercial,Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1602
Additional Parcels Y/N Yes
Standard Status Active
Lender Owned No
PostalCity Springfield

Interior Features

Basement Full,Partially Finished,Storage Space,Tile Shower
Total Fireplaces 1
Fireplace Features Brick,Living Room,Wood Burning
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1151
3/4 Baths 1
Laundry Features In Basement
Total Bedrooms 3
Below Grade Finished Area 42
Total Baths 2
Bath Desc 3/4 Basement,Upper Level Full Bath
Dining Room Description Separate/Formal Dining Room
Fuel Electric
Garage Square Feet 288

Exterior Features

Fencing Privacy,Wood
Parking Features Detached Garage,Gravel,Asphalt,Garage Door Opener
Lot Features Corner Lot,Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.162
Building Area Total 1778
Lot Dimensions 0.162
Waterfront Y/N No
Foundation Area 670
Road Frontage Type City Street,Curbs,Street Lights,Storm Sewer
Road Responsibility Public Maintained Road

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

6/18/2026 Listed $429,000
7/7/2026 8% - $396,000
8/31/2026 12% - $349,000

Property vs Zip Code Average in 56087

Price
AVG $230K
$350K
Taxes
AVG $1,464
$1,602
Year Built
AVG 1949
1915
Visits
AVG 13
11
Data Provided by Inside Real Estate®

Areas That We Cover

101 Wilson Street Springfield, MN is a Single Family Home for sale at $349000 with 1193 sqft and a lot size of 0.162 Acres Acre(s). 101 Wilson Street Springfield has 3 bedrooms, 2 baths and was built in 1915. The property's zip code is 56087 which is in Springfield, 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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