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    107 Main St Aurora, MN 55705

    Sponsored
    For Sale
    $55,000

    Live/Work Opportunity in Aurora, MN

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 0.07-acre property at 107 N Main St, Aurora, MN, presents a unique blend of commercial and residential space. The ground floor boasts a versatile commercial area with high street visibility, perfect for a variety of businesses seeking a dynamic downtown location. Its prime position ensures excellent foot traffic and community engagement, offering significant potential for growth and profitability. Upstairs, a spacious three-bedroom apartment provides a substantial residential component. This area requires some renovation, presenting a fantastic opportunity for value-add improvements and the generation of rental income. The flexible layout allows for creative adaptation to suit diverse business and living needs, making it an ideal live-work solution. The property's location in the heart of Aurora offers easy access to local amenities and services. This is a rare chance to acquire a property with significant upside potential, combining commercial viability with residential comfort. The asking price is $55,000. This represents a compelling investment for those seeking a hands-on project with the potential for substantial returns. The property's strong location and adaptable design make it a standout opportunity in the Aurora market. Serious inquiries are encouraged.

    Property Features for 107 Main St

    General Information

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

    Building Details

    Year Built
    1945
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Kitchen & Bath Department Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    St. Louis County
    State
    Minnesota
    Longitude
    -92.23708
    Latitude
    47.5285

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    FAQs

    What type of property is this?
    Commercial real estate - Live/Work Opportunity in Aurora, MN
    Where is this commercial real estate located?
    The property is located at 107 Main St Aurora, MN.
    What is the asking price?
    The asking price for this property is $55,000.
    (218) 410-5353
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    Aurora, MN 55705
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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
    107 Main St Aurora, MN 55705
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