Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Spring Valley Mixed-Use Property Title is generated by Realmo AI

    115 N Broadway Street, Spring Valley, MN 55975

    View on Map
    Claim this Listing
    New
    For Sale
    $99,900

    Commercial - Spring Valley, MN

    Lot size:
    0.05 Acres
    Added:
    May 27, 2026
    Days on Market:
    4
    Last Refresh:
    May 30 at 3:06 pm

    Property Features for 115 N Broadway Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Bedrooms
    1
    Rooms
    Bedroom 1
    Exterior features
    Brick/Stone
    Appliances
    Dryer, Range, Refrigerator
    Standard status
    Active
    APN
    360226000
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    894

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1890
    Flooring type
    Carpet
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Tomi Oeltjen

    Listing agent Tomi Oeltjen

    Listing office Property Brokers of Minnesota 3157 Superior Dr NW, Rochester, MN

    Listing date May 27, 2026

    MLS# 7071038 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Downtown location ideal for commercial use.
    • Immediate rental income from existing tenant in upstairs apartment (lease through April 2027).
    • Versatile commercial space with private office, conference workspace, bathroom, and washer/dryer.
    • Not located in a flood zone.
    • Well‑maintained office space on the main level.
    • Includes a 1 bedroom, 1 bathroom apartment.

    Overview

    Located in downtown Spring Valley, this mixed-use property offers a commercial opportunity with additional income potential. The main level features a well-maintained office space suitable for various business uses. The commercial area includes a private office, a larger conference-style workspace, a bathroom, washer/dryer hookups, and access to a rear deck. Upstairs, there is a 1-bedroom, 1-bathroom apartment with a tenant in place through April 2027, providing immediate rental income. The property is not located in a flood zone and is suitable for investors or owner-occupants seeking commercial space with supplementary income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Valley
    County
    Fillmore
    State
    Minnesota
    Longitude
    -92.390604
    Latitude
    43.688107

    Nearby Similar for Sale

    • $649,000
      2,500 SF

      Versatile Farm/Estate in Spring Valley, MN

      10.8 acre farm with home, outbuildings, and grain storage.
      77653 State Hwy 16, Spring Valley, MN 55975
      View Details
    • $295,000

      Turn-Key Greenhouse and Retail Opportunity

      Commercial property with greenhouses, retail space, and development potential.
      720 N Broadway St, Spring Valley, MN
      View Details
    • $99,900

      Downtown Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and residential apartment.
      141 S Broadway Street, Spring Valley, MN 55975
      View Details
    • $99,900
      4,260 SF

      Downtown Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and residential apartment.
      145 S Broadway Street, Spring Valley, MN 55975
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial space with rental income potential in Spring Valley.
    Where is this mixed-use property located?
    The property is located at 115 N Broadway Street Spring Valley, MN.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Downtown location ideal for commercial use.; Immediate rental income from existing tenant in upstairs apartment (lease through April 2027).; Versatile commercial space with private office, conference workspace, bathroom, and washer/dryer.
    (507) 696-1452
    We can help!
    Listing Contact
    Tomi Oeltjen
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    115 N Broadway Street, Spring Valley, MN 55975
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!