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    Spacious Shop in Buhl, MN Title is generated by Realmo AI

    510 Mercer Ave, Buhl, MN 55713

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    Claim this Listing
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    For Sale
    $125,000

    COMMERCIAL - Buhl, MN

    Property size:
    5,692 SF
    Price / SF:
    $21/SF
    Added:
    May 30, 2026
    Days on Market:
    2
    Last Refresh:
    May 31 at 2:06 pm

    Property Features for 510 Mercer Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Res
    Parking features
    Garage
    Standard status
    Active
    Size
    5,692 SF

    Utilities

    Heating system
    Natural Gas

    Building Details

    Building materials
    Wood Frame, Concrete
    Roof type
    Flat

    We can help!

    Listing Contact
    Hannah Aldrich

    Listing agent Hannah Aldrich

    Listing office Keller Williams Select Realty 14665 Galaxie Ave, Apple Valley, MN

    Listing date May 30, 2026

    MLS# 150039

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

    HighLights

    • Large 5,692 sq ft commercial garage/shop building on a visible corner lot.
    • Expansive open layout with concrete floors and overhead lighting.
    • Flexible space suited for a variety of potential uses (contractor shop, mechanic space, warehouse, hobby building, etc.).
    • Multiple storage and work areas.
    • Convenient access for equipment, trailers, or business operations.
    • Sewer/Water hook up available in street.

    Overview

    This commercial garage/shop building, offering approximately 5,692 sq ft of space, is situated on a visible corner lot in Buhl, MN. The property features an expansive open layout with a large garage/workshop area, concrete floors, and overhead lighting. Multiple storage and work areas provide flexible space suited for a variety of potential uses, including a contractor shop, mechanic space, warehouse, hobby building, fabrication area, or storage facility. The building includes multiple storage rooms and functional workspace areas, with convenient access for equipment, trailers, or business operations. The foundation footprint is approximately 50' x 92', offering significant usable space and opportunity. Sewer and water hookups are available in the street. Intended uses include auto shops, automotive properties, retail spaces, warehouses, and industrial purposes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    • Anderson Family Auto & Mini Storage — 700 Seville Ave, Buhl, MN 55713
    • Hog Doctors Llc — 402 Forest St, Buhl, MN 55713

    Map

    City
    Buhl
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.77860792
    Latitude
    47.49486472

    Nearby Similar for Sale

    • $125,000
      5,692 SF

      Buhl Commercial Shop Opportunity

      Spacious 5,692 sq ft commercial garage/shop on visible corner lot.
      510 Mercer, Buhl, MN 55713
      View Details
    • $349,000
      3,500 SF

      Versatile Commercial Building in Buhl

      3500 SF building with highway frontage and multiple possibilities.
      703 Seville Ave, Buhl, MN 55713
      View Details

    FAQs

    What type of property is this?
    Auto shop - Versatile 5,692 sq ft commercial garage/shop on visible corner lot.
    Where is this auto shop located?
    The property is located at 510 Mercer Ave Buhl, MN.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Large 5,692 sq ft commercial garage/shop building on a visible corner lot.; Expansive open layout with concrete floors and overhead lighting.; Flexible space suited for a variety of potential uses (contractor shop, mechanic space, warehouse, hobby building, etc.).
    (218) 966-6300
    We can help!
    Listing Contact
    Hannah Aldrich
    Request Owner's contact information
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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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