214 2nd Ave Virginia, MN 55792-2406
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.