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    109 Main St Mahnomen, MN 56557

    Sponsored
    For Sale
    $90,000

    Prime Commercial Space w/ Apartment, High ROI

    Property size:
    3,876 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property at 109 Main Street North in Mahnomen, Minnesota presents a compelling investment opportunity. The building boasts a total of 3,876 square feet situated on a 0.07-acre lot, offering a prominent Main Street location. The property features a ground-floor commercial storefront, ideal for a variety of retail or service businesses. Above the storefront is a spacious two-bedroom, one-bathroom apartment, recently updated and currently generating rental income. The apartment adds significant value to the investment, providing a consistent revenue stream. The asking price for this turnkey property is $90,000, making it an attractive proposition for investors seeking a strong return on investment. Current gross rents total $1165 per month, demonstrating the property's income-generating potential. This property is ready for immediate occupancy and offers a blend of commercial and residential income streams in a desirable location. The combination of a well-located commercial space and a profitable rental unit makes this an exceptional opportunity for savvy investors. The property's size and location make it a highly visible and accessible business location. Don't miss this chance to acquire a valuable asset in a growing community.

    Property Features for 109 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,876 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1908
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mahnomen
    County
    Mahnomen
    State
    Minnesota
    Longitude
    -95.96908
    Latitude
    47.31569

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Space w/ Apartment, High ROI
    Where is this commercial real estate located?
    The property is located at 109 Main St Mahnomen, MN.
    What is the asking price?
    The asking price for this property is $90,000.
    (612) 751-9303
    Request Owner's contact information
    109 Main St Mahnomen, MN 56557
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    Mahnomen, MN 56557
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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
    109 Main St Mahnomen, MN 56557
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