Mixed-Use Building with
112 W Main St, Belle Plaine, MN 56011
For Sale
$275,000
Historic commercial property combines an unfinished storefront level, residential space, and rear garage with separate electrical service.
Property Size2,392 SF
Price / SF$114.97
Days on Market49
Property Features for 112 W Main St
General Information
Standard status
Size
Total Parking Spaces
Property Condition
Severity
Evidence
Building Details
Year Built
Listing Agency:
Keller Williams Preferred Rlty
Listed By:
The Stier-Ruud Home Team, The Stier-Ruud Home Team
(612) 598-7771
Source:
Tayloronken
Added: Sep 22
Changed: Oct 25
Last Checked: Oct 7 at 1:31PM
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 Keller Williams Preferred Rlty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1900, this mixed-use property includes a one-bedroom apartment and a commercial main level with an unfinished interior. The apartment is owner occupied and has been recently refinished. Character elements in the commercial space include an old tin ceiling and an exposed brick wall, while two finished half bathrooms are already in place.
A two-car garage occupies the rear of the property and has a separate electrical panel. The building is located on Main Street in downtown Belle Plaine, near restaurants, banks, and other retail spaces. Its combination of commercial and residential areas provides a flexible existing configuration for an owner-user or other mixed-use application.
A two-car garage occupies the rear of the property and has a separate electrical panel. The building is located on Main Street in downtown Belle Plaine, near restaurants, banks, and other retail spaces. Its combination of commercial and residential areas provides a flexible existing configuration for an owner-user or other mixed-use application.
Key Highlights
- One‑bedroom apartment with recent refinishing; owner occupied
- Unfinished commercial main level with old tin ceiling and exposed brick wall
- Two finished half bathrooms in the commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,927
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,540
$458.5K
Cap Rate 7%
$327,529
$327.5K
Cap Rate 9%
$254,744
$254.7K
Market Conditions
NOI Build-Up for 2,392 SF
Gross rent
$40.8K $17.04/SF
− Vacancy
−$4.1K −$1.70/SF
EGI
$36.7K $15.34/SF
− OpEx
−$13.8K −$5.75/SF
NOI
$22.9K $9.59/SF
Area
Scott County, MN
Vacancy
10.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,540
Cap Rate 7%
$327,529
Cap Rate 9%
$254,744
Alternative Uses
Best Use
Retail
$420.9K
$368.3K – $491.0K
NOI $29,461 @ 7.0% cap · market cap 10.71%
Second Best
Mixed Use
$327.5K
$286.6K – $382.1K
NOI $22,927 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$570.7K
$499.4K – $665.8K
NOI $39,948 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 56011, MN
9,538
Population
3,546
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
92%
High-School Grad
102.3 sq mi
ZIP Area
93
Density / Sq Mi
$99,628
Median Household Income
$51,817
Median Earnings
$1,356
Median Rent
$296,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic commercial property combines an unfinished storefront level, residential space, and rear garage with separate electrical service.
Where is this mixed-use property located?
The property is located at 112 W Main St Belle Plaine, MN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: One‑bedroom apartment with recent refinishing; owner occupied; Unfinished commercial main level with old tin ceiling and exposed brick wall; Two finished half bathrooms in the commercial space
