Building Details

Year Built 1962

Construction block and brick

Listing Agency: Nordin Realty Inc.

Listed By: Diedre Nordin Show Phone

Source: Searchhousesnow

Added: Aug 26 Changed: Oct 5 Last Checked: Oct 7 at 5:19PM

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Investment Insights

Based on property information with market context.

Built in 1962, this block-and-brick storefront is occupied by the US Postal Service under a lease that remains in effect through July 31, 2027, with an extension through July 31, 2032. Additional five-year renewal options continue through July 31, 2042.

The ownership responsibilities include building maintenance and repairs, along with taxes and insurance on the structure. The postal department handles utilities, fuel, lawn care, and snow removal. Qualified buyers may review the lease agreement after executing a signed non-disclosure agreement.

Key Highlights

• Leased to the US Postal Service
• Block‑and‑brick building constructed in 1962
• Current lease runs through July 31, 2027, with an extension through July 31, 2032

Property Analytics

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

Open Analytics

Current Use

United States Postal ... Post Office

Suggested Use

Top Pick HVAC Service Building Supply Big Box & Wholesale Store Grocery & Convenience Store Food Market Hair Salon

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

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 56735, MN

831

Population

384

Households

2.2

Avg Household Size

40

Median Age

20%

College-Educated

95%

High-School Grad

367.2 sq mi

ZIP Area

2

Density / Sq Mi

$66,625

Median Household Income

$39,896

Median Earnings

$792

Median Rent

$163,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Storefront property - Block-and-brick construction supports an existing US Postal Service tenancy under an extended lease structure.

Where is this storefront property located?

The property is located at 113 Central Ave S Lancaster, MN.

What is the asking price?

The asking price for this property is $144,500.

What are key features of this property?

This property features: Leased to the US Postal Service; Block‑and‑brick building constructed in 1962; Current lease runs through July 31, 2027, with an extension through July 31, 2032