James Preiner - Coldwell Banker Crown Logo
$500,000
( $40.25Per Sq Foot )
 $2,684 est/mo Sourced by Back At You

706, 708, 710 Holden Ave.,Henning, MN 56551

Henning, MN 56551

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Description

Here is a unique investment opportunity. This 3 building, 16 plex consists of an 8 unit and 2 - 4 unit buildings. Each are 2 bedroom, 1 bath apartments with a common entrance for each building. Rent is currently below area rate as this complex was financed by several community minded people with rent control financing to provide low cost housing in the community. The rent control contract has expired and the owner group would like to pass on the management to someone else. Since the expiration of the contract, rent has been increased for new tenants. The property contains a large area that would allow for a 4th building to be constructed. Offers must be delivered to the listing agent by July 15, 2026 at 5:00pm Central Standard Time. Listing agent will hold all offers as "sealed" until the next meeting ofthe Board of Directors. At such time, the board shall open and duly consider each offer presented. The Board reserves the right to decline, accept, or counter any offer. The Board also reserves the right to call for "highest and best" between competing offers. The final acceptance of a Purchase Agreement shall be at a date, not specified here, at the direction of the Board. Final closing date shall be negotiated between the Seller and Buyer. All 16 apartments are Section 8 eligible.

Details

MLS #7074045
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1978
Days On Site89
Listing Provided ByWeichert, Realtors - Paulson Land Co | Clay Houselog

Features

Bed(s)32
Bath(s)16
SQ Feet12,422
Story(s)2
Units16
ZoningBusiness/Commercial
Acreage1.55

Interior

CoolingWall Unit(s)
HeatingBaseboard
AppliancesCooktop, Exhaust Fan, Range, Refrigerator

Exterior

RoofAge Over 8 Years
Construction MaterialsFrame
Lot FeaturesCorner Lot, Irregular Lot

Parking

Parking FeaturesAsphalt, Parking Lot, Paved Lot, Unassigned, Open

Utilities

UtilitiesElectric Separate, Heating Separate, Hot Water Common

Taxes

Property7069

Area Information

StateMN
CountyOtter Tail
CityHenning
Zip Code56551
Community Name01143 ORIGINAL PLAT HENNING
School District545
High SchoolHenning
Listing VS Median (in 01143 ORIGINAL PLAT HENNING)
Price:
$500,000
low | high
Med:
$500,000
50% of Average
sqft:
12,422
low | high
Med:
12,422
50% of Average
$ / sqft:
$40
low | high
Med:
$40
50% of Average
On site:
89
low | high
Med:
89
100% of Average
Sourced by Back At You

Market Activity 56551

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Additional Information

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of August 20, 2026 at 2:31:14 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Contact

Learn More About This Property

James Preiner

James Preiner

Coldwell Banker Crown Realtors

40555224 (218) 252-1195japreine@gmail.com
StateMN
CountyOtter Tail
CityHenning
Zip Code56551
Community Name01143 ORIGINAL PLAT HENNING
School District545
High SchoolHenning
Listing VS Median (in 01143 ORIGINAL PLAT HENNING)
Price:
$500,000
low | high
Med:
$500,000
50% of Average
sqft:
12,422
low | high
Med:
12,422
50% of Average
$ / sqft:
$40
low | high
Med:
$40
50% of Average
On site:
89
low | high
Med:
89
100% of Average
Sourced by Back At You
Listing Updated: August 17, 2026 at 11:07:32 AM PDT

James Preiner - Coldwell Banker Crown