Listing Agency: Close-Converse Commercial Properties Show Phone

Listed By: Christopher C. Close Show Phone

Source: Moodyscre

Added: Mar 5 Changed: Jul 29 Last Checked: Jul 29 at 8:30AM

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Investment Insights

Based on property information with market context.

This distinctive downtown corner building offers flexible open retail or workspace on the main level, supported by two restrooms and a functional interior layout. The property retains three original working vaults, providing a rare architectural feature suited to businesses seeking character and differentiation. An unfinished basement adds additional storage and potential for future buildout.

The building has been extensively improved over the past six years, 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.

Configured for practical day-to-day operations, the space combines modern updates with preserved historic elements, while maintaining straightforward access for commercial use in a recognizable downtown location in Pillager.

Key Highlights

• Historic downtown commercial building once used as a local bank, with three original working vaults
• Main level features flexible open retail/workspace layout with 2 restrooms
• Unfinished basement adds storage and potential for future expansion

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply HVAC Service Real Estate Agency Big Box & Wholesale Store Furniture & Home Goods (Bike/Boat/Book/etc) Store

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

Well-served

Demand for This Use

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

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Frequently Asked Questions

What type of property is this?

Storefront property - Main level offers open retail or workspace with two restrooms, plus an unfinished basement for storage.

Where is this storefront property 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: Historic downtown commercial building once used as a local bank, with three original working vaults; Main level features flexible open retail/workspace layout with 2 restrooms; Unfinished basement adds storage and potential for future expansion