Highway Frontage Commercial
111 4th Avenue South Pease, MN 56363
111 4th Avenue South, Pease, MN, 56363
Contact for pricing
For Sale
Contact for pricing
High-visibility commercial property with highway access and open space.
Property Size936 SF
Price / SF$288.35
Days on Market68
Property Features for 111 4th Avenue South
General Information
- Standard status
- Active
- Size
- 936 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1978
Listing Agency
CENTURY 21 Moline Realty, Inc
Listed by
Molly Block · License #MN 40739677
Source
Crexi
Added: May 12 Checked: Jul 17 at 1:00 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Moline Realty, Inc
Investment Insights
Based on property information with market context.
This commercial property is located on Highway 169 and was formerly used as an auto sales lot. The 936 square foot property offers exposure to highway traffic and easy access. It features open space suitable for parking or display. The property is suited for retail, office, service, or automotive businesses. It offers a flexible layout and signage opportunities.
Key Highlights
- High‑visibility location on Highway 169 provides excellent exposure.
- Ample open space is suitable for parking or display.
- Easy access for customers and deliveries.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.7k | $18.96 |
| − Vacancy | −$1.3k | −$1.37 |
| EGI | $16.5k | $17.59 |
| − OpEx | −$4.9k | −$5.28 |
| NOI | $11.5k | $12.32 |
936 SF · lease $18.96/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$164.7K
$144.1K – $192.1K
NOI $11,528 @ 7.0% cap · market cap 4.27%
Second Best
Office B
$158.8K
$138.9K – $185.3K
NOI $11,115 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$223.3K
$195.4K – $260.5K
NOI $15,632 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parking lots & garages
FAQs
What type of property is this?
Parking lot & garage - High-visibility commercial property with highway access and open space.
Where is this parking lot & garage located?
The property is located at 111 4th Avenue South Pease, MN.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: High‑visibility location on Highway 169 provides excellent exposure.; Ample open space is suitable for parking or display.; Easy access for customers and deliveries.
