Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    206 Union St S Mora, MN 55051

    Sponsored
    For Sale
    Contact for pricing

    Commercial - Mora, MN

    Lot size:
    0.75 Acres
    Days on Market:
    138
    Last Refresh:
    Jan 19 at 10:06 pm

    Property Features for 206 Union St S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    220244500
    Parking features
    Parking Lot, Paved or Surfaced
    Exterior features
    Log Siding
    Lot size
    0.75 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Flooring type
    Carpet, Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Katherine R Willmert
    Katherine R Willmert

    CENTURY 21 Moline Realty, Inc. (763) 689-3593 [email protected]

    Listing agent Katherine R Willmert (763) 689-3593

    Listing date Sep 4, 2025

    MLS# 6775286 Listing URL

    Copyright © 2026 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Space in Mora

    Located in the heart of downtown Mora, this commercial space offers excellent visibility. The property features 1440 square feet of office, sales, or retail space. The corner unit benefits from abundant natural light and includes four private offices, two ADA-compliant bathrooms, and two large open spaces suitable for additional office space, display areas, or a large reception area. Convenient access is available from Highway 65 to its downtown location, with on-site parking provided. An additional 3280 square feet of space is available for lease, suitable for warehouse, storage, display, or gym/exercise area purposes. This location presents a great opportunity to expand an existing business or start a new venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mora
    County
    Kanabec
    State
    Minnesota
    Longitude
    -93.296508
    Latitude
    45.875117

    Nearby Similar for Sale

    • $525,000

      Mora Home on Wooded Acres

      Two-story home on 6 acres with business potential.
      930 Highway 65 South, Mora, MN 55051
      View Details
    • $145,000
      0.10 Acres

      Income Producing Commercial Building

      Well-maintained commercial building in downtown Mora, currently income producing.
      221 Union St S, Mora, MN 55051
      View Details
    • $975,000
      1.48 Acres

      Iconic Cafe and Bait Shop

      Long-standing cafe and bait shop with real estate included.
      67 Highway 65 N, Mora, MN 55051
      View Details
    • $1,299,000
      3,298 SF

      Established Restaurant & Bar For Sale

      Well-established restaurant and bar in downtown Mora, Minnesota.
      39 Union St N, Mora, MN 55051
      View Details
    • Contact for pricing
      0.40 Acres

      Mora Lakeside Development Land

      Prime Mora land, multiple parcels.
      700 Maple Ave, Mora, MN 55051
      View Details
    • Contact for pricing
      12.70 Acres

      Mora Lakeside Development Land

      12.7 Acres, Prime Lakeside Location
      400 Maple Ave, Mora, MN 55051
      View Details
    • $1,299,000
      5,278 SF

      Downtown Mora Restaurant & Bar For Sale

      Established eatery, ample space, high traffic area.
      39 Union St, Mora, MN 55051
      View Details
    • $164,900
      2,560 SF

      Mora Retail Building - Prime Location

      Downtown Mora retail space, income producing, seven parking spaces.
      221 Union St, Mora, MN 55051
      View Details
    • $149,900
      2,385 SF

      Mora Office Building - Prime Location

      Downtown Mora office, great investment!
      209 Maple Ave, Mora, MN 55051
      View Details
    • Contact for pricing

      Mora Lakeside Development Land

      15 Acres, Prime Lakeside Location
      23 Spruce St, Mora, MN 55051
      View Details

    FAQs

    What type of property is this?
    Office space - Versatile commercial space in downtown Mora with excellent visibility.
    Where is this office space located?
    The property is located at 206 Union St S Mora, MN.
    What is the asking price?
    The asking price for this property is $1,100.
    What are key features of this property?
    This property features: - Excellent visibility in downtown Mora with convenient access from Hwy 65.; - 1440 SF corner unit with lots of natural light.; - Features 4 private offices, 2 ADA baths, and 2 large open spaces.
    (763) 300-5387
    Request Owner's contact information
    206 Union St S Mora, MN 55051
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    206 Union St S
    Mora, MN 55051
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 Union St S Mora, MN 55051
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Katherine R Willmert
    Katherine R Willmert
    (763) 300-5387
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.