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    28 Main St W Richmond, MN 56368

    For Sale
    $159,900

    Commercial - Richmond, MN

    Lot size:
    0.08 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 28 Main St W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    APN
    74408150000
    Parking features
    Garage, Garage - Detached
    Exterior features
    Stucco
    Appliances
    Microwave, Range, Refrigerator, Trash Compactor
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Roof type
    Flat, Rubber
    Architectural style
    Other

    First Realty, Inc. (320) 252-4908 [email protected]

    Listing agent Jeremy Rodenwald (320) 252-4908

    Listing date Nov 26, 2025

    MLS# 6775728 Listing URL

    Copyright © 2025 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.

    Overview

    Versatile Richmond Commercial Investment Property

    This fully rented property in Richmond, MN, presents a prime investment opportunity. The property features versatile office space along with two updated residential units. Both residences have been refreshed with new flooring, modern appliances, and numerous additional upgrades, making them move-in ready. The property is zoned for business and commercial use. With steady rental income already in place, this is a turnkey opportunity. The lot size is 0.0814 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Century 21 First ... Real Estate Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.519192
    Latitude
    45.454317

    Nearby Similar for Sale

    • $369,000
      2.00 Acres

      Richmond Commercial Property with Land

      Commercial property with extra land and business opportunity in Richmond.
      300 Maple Ave SE, Richmond, MN 56368
      View Details
    • $369,000
      5,400 SF

      Established Richmond Business w/ Land

      Profitable Manufacturing Business, 5400 sq ft
      300 Maple Ave, Richmond, MN 56368
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully rented commercial property with updated residential units in Richmond.
    Where is this mixed-use property located?
    The property is located at 28 Main St W Richmond, MN.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: - Fully rented property provides immediate rental income.; - Versatile office space and two updated residential units offer diverse income streams.; - Residential units feature new flooring, modern appliances, and numerous upgrades.
    (320) 252-4908
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    28 Main St W Richmond, MN 56368
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    Realmo Value Estimation

    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.

    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.

    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
    28 Main St W Richmond, MN 56368
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