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Property profile & analytics
OFF-MARKET
Commercial real estate

214 2nd Ave Virginia, MN 55792-2406

7,500 SF Built 1938
Entity Owned 4-yr Hold Free & Clear
Property ID
US46-1510774
Property summary
AI-generated overview

This exceptional four-story commercial property, located at 214 N 2nd Avenue in Virginia, Minnesota, presents a remarkable investment opportunity. Boasting 11,014 square feet on a 0.09-acre lot, this solid brick building offers immense potential for a variety of uses. Its prime downtown location ensures high visibility and foot traffic, making it ideal for retail businesses, office spaces, residential conversion, or a mixed-use development. The building's substantial size allows for significant flexibility in design and layout, catering to diverse business needs. A separate garage/storage building provides additional space, addressing potential storage requirements. The property's strong construction ensures a reliable and long-lasting investment. This is a chance to acquire a historic building with significant upside, situated in a thriving area of Virginia. The building's history as the former Anderson Furniture Building adds to its character and potential appeal. The asking price is $425,000. Don't miss this chance to capitalize on this unique opportunity in a vibrant downtown setting.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1938
Total area 7,500 SF
APN 090-0010-02450
UPID US46-1510774
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jon Ed LLC · 4 yrs held
Jon Ed LLC
since 2021
Last sale
$119,000
2 recorded transactions
2021
Price N/A
2005
$119,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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