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    515 Shore Dr Worthington, MN 56187

    For Sale
    $357,900

    Two-unit space, prime location, updated exterior.

    Property size:
    1,820 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional commercial property, situated at 515 S Shore Drive in Worthington, Minnesota, presents a unique investment opportunity. Boasting 1,820 square feet on a 0.14-acre lot, this two-unit building is ideally located in the heart of downtown Worthington, directly across from the picturesque Lake Okabena. The property underwent a complete exterior renovation in July 2024, featuring brand new, low-maintenance decking, a durable steel roof, and attractive hardboard siding. This ensures minimal upkeep and long-term value. The single-level interior layout offers versatile space, perfectly suited for a variety of commercial uses. Imagine establishing an office space, a charming boutique, a stylish hair salon, or any other business that would thrive in this high-traffic area. The convenient location provides easy access to Lake Okabena, a significant draw for both residents and visitors, further enhancing the property's appeal and potential for success. This is a rare chance to acquire a meticulously maintained, well-positioned commercial property in a vibrant and desirable location. The asking price is $357,900. Don't miss this opportunity to own a piece of Worthington's thriving downtown.

    Property Features for 515 Shore Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,820 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1983
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lake Shore Clips Beauty Salon Love INC of Worthington Church Deuel Dental Laboratory Dental Laboratory Ehlers Park Park Health Insurance Services ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    Worthington
    County
    Nobles
    State
    Minnesota
    Longitude
    -95.59998
    Latitude
    43.61486

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    FAQs

    What type of property is this?
    Commercial real estate - Two-unit space, prime location, updated exterior.
    Where is this commercial real estate located?
    The property is located at 515 Shore Dr Worthington, MN.
    What is the asking price?
    The asking price for this property is $357,900.
    (507) 727-9812
    Request Owner's contact information
    515 Shore Dr Worthington, MN 56187
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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
    515 Shore Dr Worthington, MN 56187
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