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    301 W Highway Street Dodge Center, MN 55927

    View on Map
    New
    For Sale
    $499,900

    Commercial - Dodge Center, MN

    Lot size:
    0.21 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 2 at 6:06 am

    Property Features for 301 W Highway Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    Driveway, Garage, Unassigned
    Exterior features
    Steel Siding
    Standard status
    Active
    APN
    220330600
    Lot size
    0.21 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    1540

    Utilities

    Heating system
    Forced Air, Radiant

    Building Details

    Year built
    1948
    Flooring type
    Concrete, Drainage
    Building materials
    Block
    Roof type
    Flat, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    John Buckingham
    John Buckingham

    Listing agent John Buckingham

    Listing office Keller Williams Premier Realty 2765 Commerce Dr NW. Suite 100, Rochester, MN

    Listing date Mar 30, 2026

    MLS# 7045937 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Automotive Business Opportunity

    This is an established, turn-key tire and automotive service business located in Dodge Center, Minnesota. The business has a strong reputation for quality service and a loyal clientele. The listing includes the building, land, business, and select equipment. The property is located at the intersection of Highway 56 (3rd Avenue) and County 34. The lot is irregularly shaped with visibility and access along Highway Street. The site shares a driveway with an adjacent residential property. This property presents an opportunity to own a respected operation with room for growth in a thriving small-town market. The intended use of the property is for automotive and tire services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jorgenson Tire Services (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Ed's Affordable Auto Repair — 15 S St SW, Dodge Center, MN 55927
    • Nick's Auto Repair — 504 3rd Ave NW, Dodge Center, MN 55927
    • Jorgenson Tire Services — 301 Hwy St W, Dodge Center, MN 55927
    • Apex Pro Auto Care — 9 3rd Ave SW, Dodge Center, MN 55927
    • Freerksen enterprises — 9 3rd Ave SW, Dodge Center, MN 55927

    Location Insight

    • Map
    • Local Demand
    City
    Dodge Center
    County
    Dodge
    State
    Minnesota
    Longitude
    -92.859661
    Latitude
    44.032416

    Nearby Similar for Sale

    • $800,000

      Established Store in High Traffic

      Well-established store in high-traffic location with cold storage building.
      14 3rd Avenue SW, Dodge Center, MN 55927
      View Details
    • $375,000

      Dodge Center Mixed-Use Investment

      Two brick buildings with retail and apartments in downtown Dodge Center.
      24 & 28 Main St W, Dodge Center, MN 55927
      View Details

    FAQs

    What type of property is this?
    Auto shop - Turn-key automotive service business with building, land, and equipment.
    Where is this auto shop located?
    The property is located at 301 W Highway Street Dodge Center, MN.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Established, turn‑key tire and automotive service business with a strong reputation.; Includes building, land, business, and select equipment.; **Excellent visibility and access** on Highway Street (Hwy 56/3rd Ave) and Cty 34 intersection.
    (507) 254-4181
    We can help!
    Listing Contact
    John Buckingham
    John Buckingham
    Learn More
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    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
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