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    965 Mcmillan St Worthington, MN 56187

    Sponsored
    For Sale
    $1,950,000

    Spacious 33-room building on 2.46 acres

    Property size:
    20,253 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional Worthington, MN property presents a unique investment opportunity. Situated on a generous 2.46-acre lot, this multi-use building offers significant potential. The main level encompasses 13,433 square feet of usable space, complemented by a full basement providing ample storage. The property boasts a total of 33 rooms and 27 bathrooms, catering to a variety of uses. Convenience is enhanced by an on-site elevator, a fully equipped kitchen, and 38+ parking spaces. A double detached garage adds further utility. The building's comprehensive fire suppression system includes sprinklers throughout. Zoned R-4, this property offers flexibility for diverse commercial or residential applications. The five parcels comprising this expansive site provide ample room for expansion or redevelopment. With its substantial size, versatile layout, and prime location in Worthington, MN, this property is poised for significant return on investment. The asking price is $1,950,000. The total building square footage is 20,253 square feet. Serious inquiries only.

    Property Features for 965 Mcmillan St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    20,253 SF
    Lot Size
    107,158 SF

    Building Details

    Year Built
    1953
    Property Profile Location Intelligence

    Current Use by Public Records

    Crossroads Care Center Nursing Home

    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
    Worthington
    County
    Nobles
    State
    Minnesota
    Longitude
    -95.60379
    Latitude
    43.62705

    Nearby Comparable

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      Corner Commercial Property in Worthington

      3,200 sq ft building on a 0.26-acre lot.
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    • $350,000
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      Worthington Office Building - Great Location!

      Downtown Office, Parking, Drive-Thru Available.
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    • $357,900
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      Downtown Worthington Commercial Gem

      Two-unit space, prime location, updated exterior.
      515 Shore Dr, Worthington, MN 56187
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    Nearby Similar for Sale

    • $509,000
      0.26 Acres

      Corner Commercial Property in Worthington

      3,200 sq ft building on a 0.26-acre lot.
      724 Oxford St, Worthington, MN 56187
      View Details
    • $357,900
      1,820 SF

      Downtown Worthington Commercial Gem

      Two-unit space, prime location, updated exterior.
      515 Shore Dr, Worthington, MN 56187
      View Details
    • $350,000
      3,400 SF

      Worthington Office Building - Great Location!

      Downtown Office, Parking, Drive-Thru Available.
      607 10Th St, Worthington, MN 56187
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Spacious 33-room building on 2.46 acres
    Where is this commercial real estate located?
    The property is located at 965 Mcmillan St Worthington, MN.
    What is the asking price?
    The asking price for this property is $1,950,000.
    (507) 376-4149
    Request Owner's contact information
    965 Mcmillan St 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
    965 Mcmillan St Worthington, MN 56187
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