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    8 Highway 28 Morris, MN 56267

    Sponsored
    For Sale
    $215,000

    Morris Retail Space - High Visibility

    Property size:
    4,786 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 8 E Highway 28 in Morris, Minnesota, presents a unique investment opportunity. The main building boasts 4,786 square feet of versatile space, ideal for a variety of commercial uses. Its prime highway frontage location ensures high visibility and accessibility, making it an attractive option for businesses seeking strong exposure. The property sits on a 0.6-acre lot, providing ample space for operations and potential expansion. Further enhancing its potential, there's an option to purchase an additional 3+ acres of land, complete with a 40x60 shed and a 20x24 garage equipped with utilities. This additional land offers significant expansion possibilities or the potential to develop additional structures. The existing building's layout is adaptable and could be easily converted into multiple rental units, presenting a lucrative alternative investment strategy. The property's versatility, combined with its strategic location and the potential for expansion, makes it an exceptional opportunity for entrepreneurs and investors alike. A final survey will be conducted upon identification of a buyer to ensure accurate property dimensions and boundaries. This is a rare chance to acquire a substantial commercial property in a thriving Minnesota community. Don't miss this chance to secure a prime location with significant growth potential.

    Property Features for 8 Highway 28

    General Information

    Property type
    Retail properties
    Square Feet
    4,786 SF
    Lot Size
    26,136 SF

    Building Details

    Year Built
    1969
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morris
    County
    Stevens
    State
    Minnesota
    Longitude
    -95.91576
    Latitude
    45.59288

    Nearby Comparable

    • $3,995,000
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      Well-maintained apartment complex near University of Minnesota-Morris.
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    • New
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      Multi-Building Commercial Site in Morris

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      Turnkey Hotel with Development Potential

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    Nearby Similar for Sale

    • New
      $845,000
      4.65 Acres

      Multi-Building Commercial Site in Morris

      Versatile commercial site with multiple buildings on 4.65 acres.
      49240 State Highway 28, Morris, MN 56267
      View Details
    • $3,095,000

      Turnkey Hotel with Development Potential

      92-key hotel with amenities, recent updates, and development potential.
      200 Mn-28, Morris, MN 56267
      View Details
    • $4,400,000
      6 SF

      88-Unit Multifamily Community in Morris

      Well-maintained apartment complex near University of Minnesota-Morris.
      151 Sunnyslope Rd, Morris, MN 56267
      View Details
    • $3,995,000
      67,000 SF

      200 Mn-28

      Hotels • 67,000 SF
      200 Mn-28, Morris, MN 56267
      View Details

    FAQs

    What type of property is this?
    Retail property - Morris Retail Space - High Visibility
    Where is this retail property located?
    The property is located at 8 Highway 28 Morris, MN.
    What is the asking price?
    The asking price for this property is $215,000.
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    8 Highway 28 Morris, MN 56267
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    Morris, MN 56267
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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
    8 Highway 28 Morris, MN 56267
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