Spaces For Lease

at 104 Cedar Ave E

Retail/Office Space for Lease or Sale $21.92/SF/Yr

Floor 1

Size 1,095 SF

Type RETAIL

Lease Type NNN

Availability AVAILABLE, Now

Sublease No

Own or lease a piece of Pillager’s history on one of the community’s most recognizable downtown corners. This unique commercial property, once home to a local bank, blends historic character with modern updates and functionality. The building still features three original working vaults—adding a distinctive architectural element rarely found in today’s commercial spaces. The main level offers flexible open retail or workspace, complemented by two restrooms and a functional layout suitable for a variety of business uses. An unfinished basement provides additional storage or future expansion opportunities. Extensively improved over the past six years, the property has undergone numerous upgrades including new flooring, roof, AC unit, kitchen area, plumbing, electrical systems, and interior finishings. Security and convenience are enhanced with CCTV cameras and keyless entry. Positioned on a prime corner in the heart of downtown Pillager, the property enjoys excellent visibility, convenient access, and the charm of a small-town commercial district. Whether you’re looking to launch a retail venture, professional office, studio, or specialty business, this distinctive building offers both character and modern reliability.

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Listing Agency: Close-Converse Commercial Properties Show Phone

Listed By: Christopher C. Close Show Phone

Source: Moodyscre

Added: Mar 5 Changed: Oct 12 Last Checked: Oct 20 at 7:32PM

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Investment Insights

Based on property information with market context.

This historic corner commercial property offers a flexible main level with open retail or workspace configuration, supported by two restrooms. A notable feature of the building is three original working vaults that remain in place and contribute distinctive architectural character. An unfinished basement is available for additional storage and possible future buildout.

The property has been extensively improved over the past six years, including upgrades to flooring, roof, AC unit, a kitchen area, plumbing, electrical systems, and interior finishings. Security and access are supported by CCTV cameras and keyless entry.

For convenience, the layout is functional for a variety of business uses, combining an open floor plan with essential back-of-house amenities and added basement space.

Key Highlights

• Downtown corner commercial building with three original working vaults and historic bank character
• Main level offers flexible open retail or workspace layout plus two restrooms
• Unfinished basement adds storage and potential for future expansion

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Auto Repair Shop HVAC Service Big Box & Wholesale Store Real Estate Agency Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.29 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

120

Businesses Nearby

Explore this area Business Placement

Demographics for 56473, MN

3,763

Population

1,684

Households

2.2

Avg Household Size

43

Median Age

24%

College-Educated

96%

High-School Grad

89.9 sq mi

ZIP Area

42

Density / Sq Mi

$79,236

Median Household Income

$42,589

Median Earnings

$1,008

Median Rent

$262,500

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Downtown corner building with open main level, two restrooms, and three original working vaults plus unfinished basement.

Where is this retail space located?

The property is located at 104 Cedar Ave E Pillager, MN.

What is the lease rate?

The lease rate is $21.92 SF/Yr.

What are key features of this property?

This property features: Downtown corner commercial building with three original working vaults and historic bank character; Main level offers flexible open retail or workspace layout plus two restrooms; Unfinished basement adds storage and potential for future expansion