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    230 4Th Ave Foley, MN 56329

    Sponsored
    For Sale
    $175,000

    Prime Foley location, 3-unit mixed-use building.

    Property size:
    3,720 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a 3,720 square foot mixed-use building situated at 230 4th Avenue North in Foley, Minnesota. The property boasts two main floor retail spaces, each complete with dedicated backroom areas, ideal for a variety of commercial ventures. The possibilities are extensive, ranging from art studios and photography studios to retail shops, antique stores, or professional offices such as insurance or accounting firms. The versatility of these spaces allows for significant adaptability to suit diverse business needs. Above the retail units, a residential apartment provides comfortable living quarters. This upper-level unit includes a private fenced-in backyard, offering a tranquil outdoor space, and convenient off-street parking is also available. The property is offered at $175,000, presenting a compelling investment prospect in a desirable location. The building's size and layout offer a unique blend of commercial and residential space, making it an attractive option for owner-occupants or investors seeking a strong return. The property sits on a lot with no acreage specified. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving community. Serious inquiries are encouraged.

    Property Features for 230 4Th Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,720 SF

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Benton
    State
    Minnesota
    Longitude
    -93.91116
    Latitude
    45.66486

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Foley location, 3-unit mixed-use building.
    Where is this mixed-use property located?
    The property is located at 230 4Th Ave Foley, MN.
    What is the asking price?
    The asking price for this property is $175,000.
    (320) 255-9000
    Request Owner's contact information
    230 4Th Ave Foley, MN 56329
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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
    230 4Th Ave Foley, MN 56329
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