62
Map
$349,000
↓ $47K (11.9%)
●
House -
Active
101 Wilson Street
Springfield, MN 56087
3 Beds
1 Bath
1,193 Ft²
$1,848
Est. Monthly
About This Property
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.
Unit Size
1,193 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$293
Property Type
House
Property Taxes
$134
HOA Dues
-
Year Built
1915
Listed By
Moe Mossa
Savvy Avenue, LLC
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 28 days ago (RMLS #NST7095297)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2026 | Price Decreased |
$349,000
↓ $47K
(11.9%) | |
| Price Decreased | |||
| Jul 8, 2026 | Price Decreased |
$396,000
↓ $33K
(7.7%) | |
| Price Decreased | |||
| Jun 18, 2026 | Listed by Savvy Avenue, LLC | $429,000 | |
| Listed by Savvy Avenue, LLC | |||
Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Detached, Gravel, Asphalt, Garage Door Opener
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Laundry Features: In Basement
Has Fireplace
Fireplace Features: Living Room, Wood Burning, Brick
Fireplaces: 1
Basement: Full, Partially Finished, Storage Space, Tile Shower
Exterior Details
Square Footage: 1193
Year Built: 1915
Building Area Total: 1778
Levels: Two
Construction Materials: Brick, Concrete, Frame
Pool Features: None
Lot Features: Corner Lot, Tree Coverage - Light
Lot Size Area: 0.162
Lot Size Units: Acres
Lot Size Acres: 0.162
Lot Size Square Feet: 7056.72
Lot Size Dimensions: 0.162
Water Source: City Water/Connected
Financial Details
Tax Annual Amount: $1,602
Utilities Details
Cooling Type: Geothermal
Heating Type: Geothermal
Sewer : City Sewer/Connected
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Springfield
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Moe Mossa, Savvy Avenue, LLC
Last Updated: 28 days ago
Data Source: RMLS, MLS# NST7095297
Last Updated: 28 days ago
Data Source: RMLS, MLS# NST7095297
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Lee Chuan Lin are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers. Lee Chuan Lin is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Lee Chuan Lin, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Some IDX listings have been excluded from this website. Data last updated: 2026-09-28.
Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
By searching, you agree to the EULA Terms Agreement.
Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
By searching, you agree to the EULA Terms Agreement.
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