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    118 Main St Sherburn, MN 56171

    For Sale
    Contact for pricing

    Main Street location, endless possibilities.

    Property size:
    1 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional commercial property, located at 118 N Main Street in the heart of Sherburn, Minnesota, presents a unique investment opportunity. Boasting a desirable Main Street address within the business district, this property offers significant potential for a variety of commercial ventures. The building's size is 1 square foot, presenting a unique opportunity for a small business or as a potential building lot. A key advantage is the recently installed newer roof, eliminating immediate roof replacement costs and ensuring long-term structural integrity. The property is situated on a 0-acre lot, providing ample space for potential expansion or outdoor activities depending on the intended use. The asking price is $5,000, making this an attractive proposition for savvy investors seeking a foothold in a thriving business community. Given its prime location and the recent roof installation, this property is poised for immediate occupancy and offers a blank canvas for creative commercial development. Serious inquiries are encouraged to explore the full potential of this exceptional offering. The property's compact size and strategic location make it ideal for a variety of uses, from a small retail space to a service-based business. Don't miss this chance to acquire a piece of Sherburn's vibrant commercial landscape.

    Property Features for 118 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1 SF

    Building Details

    Year Built
    1894
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherburn
    County
    Martin
    State
    Minnesota
    Longitude
    -94.72732
    Latitude
    43.65415

    Nearby Comparable

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    Nearby Similar for Sale

    • New
      $275,000
      1,750 SF

      Sherburn Hobby Farm with Arena

      Charming horse and hobby farm on 3.71 acres.
      725 110Th St, Sherburn, MN 56171
      View Details
    • $880,000
      13,440 SF

      Sherburn Apartment Complex: 16 Units

      High-yield, fully occupied multifamily investment.
      331 Fox Lake Ave, Sherburn, MN 56171
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Main Street location, endless possibilities.
    Where is this commercial real estate located?
    The property is located at 118 Main St Sherburn, MN.
    What is the asking price?
    The asking price for this property is $5,000.
    (507) 220-3692
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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
    118 Main St Sherburn, MN 56171
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