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623 E Main St, Anoka, MN, 55303

--beds
--baths
--sqft
$650,000
--price/sqft
$5,158/moest. monthly cost
$206,320/yrincome needed

About This Home

Amazing commercial opportunity in the heart of downtown Anoka! This beautifully renovated 3,571 SF mixed-use building sits on a .27 acre lot with its own dedicated parking lot and private patio - a standout feature few Main Street buildings offer. Originally built in 1890, the property was completely gutted and renovated in 2022 (new electrical, HVAC, plumbing, walls, and ceilings), with a new roof and siding added in 2024 - a building with historic charm and no deferred maintenance. A small commercial kitchen adds flexibility for food and beverage concepts. Zoned EM-2 (Mixed Use Main Street), the property supports an exceptionally broad range of uses - restaurant, coffee shop or wine bar, professional or medical office, wellness studio, salon, boutique retail, and more - giving real flexibility to bring your own concept to life. Set on a walkable Main Street corridor with strong visibility, steady foot and vehicle traffic (14k daily), and an established downtown business district. Property will be delivered vacant at closing - bring your vision!

Getting Around

76
WalkingVery Walkable
29
TransitSome Transit
56
BikeBikeable

Schools

5/10
7/10
Anoka Senior High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1890

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily

Interior

Basement

  • Has basement: Yes
  • Basement: Yes

Features

  • Disabled Access

Heating

  • Heating features: Has Heating (Unspecified Type)

Property

Accessibility

  • Accessibility features: Disabled Access: Yes

Details

  • Parcel number: 063124340118

Features

  • Stories: 2
  • Patio & porch: Patio

Lot

  • Lot size: 0.27 Acres

Parking

  • Parking features: Gravel,Parking Lot

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hail
Inland Flooding
Strong Wind
Lightning
Tornado
Winter Weather

FEMA Declared Disasters in Anoka County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,286$39,432
Home Insurance *$400$4,800
Property Taxes $1,302$15,624
Electricity $170$2,050
Total$5,158$61,896
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$176,845/yr
40% on housing$154,740/yr
45% on housing$137,546/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.5%
11.5%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 55303$171
Anoka County$180

vs Homes Sold Last Month

Median $/sqft

ZIP 55303$183
Anoka County$194

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-21Listed for sale$650,000
2022-05-31Sold$177,900
2020-11-24Sold$516,500
2020-06-15Listing removed$225,000
2020-06-09Listed for sale$225,000

For Sale by Agent

AgentJessica Siverson
BrokerageEngel & Völkers Minneapolis

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