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    214 2Nd Ave Virginia, MN 55792

    Sponsored
    For Sale
    $425,000

    Four-story building, high potential, prime location.

    Property size:
    11,014 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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 Features for 214 2Nd Ave

    General Information

    Property type
    Retail properties
    Square Feet
    11,014 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1938
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Virginia
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.53328
    Latitude
    47.52467

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    FAQs

    What type of property is this?
    Retail property - Four-story building, high potential, prime location.
    Where is this retail property located?
    The property is located at 214 2Nd Ave Virginia, MN.
    What is the asking price?
    The asking price for this property is $425,000.
    (218) 827-2288
    Request Owner's contact information
    214 2Nd Ave Virginia, MN 55792
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    Virginia, MN 55792
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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
    214 2Nd Ave Virginia, MN 55792
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