804 7Th Ave Princeton, MN 55371
- Commercial real estate
- 32,659 SF
- 5.07 lot acres
Current Use by Public Records
- Discovery Montessori Academy / Elementary School / Preschool
- Christ Our Light Catholic Parish - North / Catholic Church
- MN MALES / Association Or Organization
Property Details for 804 7Th Ave
- Year built
- 1962
- Lot size
- 5.07 lot acres
- Property size
- 32,659 SF
- Property type
- Commercial real estate
Description
This exceptional 5.07-acre commercial property located at 804 7th Avenue S, Princeton, Minnesota, presents a unique redevelopment opportunity. The expansive 32,659 square foot building offers a blank slate for ambitious entrepreneurs and businesses seeking a prominent presence in a thriving community. Its strategic location, just a block from Princeton High School and surrounded by established businesses such as Kwik Trip, Coborns, AmericInn, McDonald's, Caribou Coffee, and M Health Fairview Medical Center, ensures high visibility and accessibility. The property boasts convenient access to both Rum River Dr S and 7th Ave S, maximizing exposure and ease of access for customers and employees. The ample 145 parking spaces cater to a wide range of business needs. Zoned R3 & B2, with adjacency to B3 zoning, this property offers flexibility for various commercial uses and potential for re-zoning to suit specific project requirements. The asking price of $925,000 represents an attractive $30 per square foot cost (including land), making it a highly affordable option for redevelopment and customization. This is a rare chance to acquire a substantial property in a dynamic location with significant potential for growth and success.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Mille Lacs
- State
- Minnesota
- Longitude
- -93.5828
- Latitude
- 45.5606
