$144,500
Lancaster, MN 56735
MLS# 7132265
1 baths | 768 sqft
1 / 9
Property Description
This block and brick building has been and is leased by the US Postal Service. The current lease is in effect through July 31, 2027 and has been renewed/extended through July 31, 2032. Succeeding 5-year lease options are in place through July 31, 2042. The property owner is responsible for building maintenance/repair, taxes, and insurance on the structure. The postal department is responsible for utilities, fuel, lawncare and snow removal. Qualified buyers are able to review the lease agreement with a signed non-disclosure agreement. The opportunity to own a USPS is a rare occurrence. Call an agent today!
Details
Maps
Contract Information
Status: Active
Current Price: $144,500
Contingency: None
ListPrice: 144500
List Date: 2026-08-24
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: KADS Properties LLC
Multiple PIDs?: No
Other Parking Spaces: 3
Owner Occupied: No
Waterfront YN: No
Year Built: 1962
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Baths Total: 1
Foundation Size: 768
For Sale or Lease: For Sale
Acres: 0.08
Lot Dimensions: 25x130
Assessment Pending: No
Assessments
Tax With Assessments: 1268
Basement
Foundation Dimensions: 24x32
Building Information
Building Finished SqFt: 768
Building SqFt: 768
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Leases
Unit 1
Unit Number: 1
Monthly Rent: 925
Half Baths: 1
Total Bathrooms: 1
Total Rooms: 4
Level: Main Level
Unit Total SqFt: 768
Leased?: Yes
Lease Expiration Date: 2027-07-31
Unit Details
Total Units: 1
Location Tax and Other Information
House Number: 113
Street Name: Central
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Lancaster
County: Kittson
State: MN
Zip Code: 56735
Complex/Dev/Subdivision: Orig Lancaster
Property Features
Accessible: Fully Wheelchair
Air Conditioning: Central Air
Basement: None
CMU Style: Business Opportunity
Construction Materials: Block; Brick; Concrete
Construction Status: Previously Owned
Current Use: Other
Exterior: Brick/Stone
Foundation: Poured Concrete
Fuel: Propane
Heating: Forced Air
Loan Terms: Cash; Conventional
Location Description: Downtown
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Owner Pays: Insurance; Maintenance/Repair
Parking Characteristics: Gravel Lot; Uncovered/Open
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Flat; Rubber
Sewer: City Sewer/Connected
Stories: One
Tenant Pays: All Utilities; Gas; Grounds Care; Hot Water; Janitorial Service; Lawn; Sewer; Snow Removal; Water
Topography: Level
Water: City Water/Connected
Listing Office: Nordin Realty Inc.
Last Updated: August - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.