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Mixed-Use Property with Office Space
For Sale
$99,900

115 N Broadway Street, Spring Valley, MN 55975

Commercial Sale, Spring Valley, MN

Property SizeContact for details
Lot Size0.05 Acres
Days on Market140

Property Features for 115 N Broadway Street

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bathroom 1
Parking features On Street
Window features Display Window(s)
Patio and Porch features Deck
Accessibility Accessible Approach with Ramp
Appliances Dryer, Range, Refrigerator, Washer
Subdivision Spring Valley Original
High school district Kingsland
Directions South on Broadway Ave (Business Dist) East side of road.
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

Amenities

washer/dryer
rear deck

Building Details

Year built 1890
Roof type Flat
Listing Agency: Property Brokers of Minnesota
Listed By: Tomi Oeltjen
Added: May 27 Changed: Oct 8 Last Checked: Oct 13 at 8:06AM
MLS# 7071038

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.

Investment Insights

Based on property information with market context.

This mixed-use property combines ground-floor commercial space with a one-bedroom, one-bathroom apartment on the upper level. The commercial area has a private office, a larger workspace suitable for meetings, a bathroom, and a washer and dryer. A rear deck is also part of the property, and an accessible approach ramp provides entry. Built in 1890, the property sits on a 0.05-acre lot in downtown Spring Valley.

The apartment is occupied under a lease through April 2027. Building systems include forced-air heating and central air conditioning; parking is on street.

Key Highlights

  • Ground‑floor commercial suite with a private office and larger meeting workspace
  • Upstairs apartment with 1 bedroom and 1 bathroom
  • Apartment lease runs through April 2027

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Parking Lot & Garage Law Firm Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Bakery

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

1
Residential units

Location Intelligence

Trade Area within ½ mile

207
Businesses Nearby

Demographics for 55975, MN

4,368
Population
1,985
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
95%
High-School Grad
160.1 sq mi
ZIP Area
27
Density / Sq Mi
$83,232
Median Household Income
$42,675
Median Earnings
$923
Median Rent
$201,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - A business suite occupies the ground level, with a one-bedroom apartment above leased through April 2027.
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: Ground‑floor commercial suite with a private office and larger meeting workspace; Upstairs apartment with 1 bedroom and 1 bathroom; Apartment lease runs through April 2027
More about this property
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