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Live-Work Building with Rental Unit
For Sale
$99,900

115 N Broadway St, Spring Valley, MN 55975

Main-level office includes conference space, bathroom, washer/dryer, and rear deck; upstairs 1-bed apartment has tenant through April 2027.

Property SizeContact for details
Days on Market102

Property Features for 115 N Broadway St

General Information

Standard status Active

Additional Details

Multifamily Units 1

Taxes and HOA fees

Annual Taxes $894
Listing Agency: Property Brokers of Minnesota
Listed By: Tomi Oeltjen
Source: Exprealty
Added: May 29 Changed: Aug 20 Last Checked: Sep 6 at 12:04PM

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 Property Brokers of Minnesota

Investment Insights

Based on property information with market context.

This live-work property offers a well-maintained office space on the main level along with a rented 1 bedroom, 1 bathroom apartment upstairs. The commercial area includes a private office, a larger conference-style workspace, a bathroom, washer/dryer, and access to a rear deck.

Upstairs, the apartment is occupied by an existing tenant with a lease in place through April 2027, providing immediate rental income. The property is located downtown Spring Valley and is noted as not being located in the flood zone.

For owner-occupants or investors, the building combines dedicated workspace with residential income under one roof, with the upstairs unit currently leased.

Key Highlights

  • Main‑level office includes private office, larger conference‑style workspace, and bathroom
  • Main‑level includes washer/dryer and access to a rear deck
  • Upstairs 1‑bedroom, 1‑bath apartment with tenant in place through April 2027

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Parking Lot & Garage Law Firm Big Box & Wholesale Store Plumbing Service (Bike/Boat/Book/etc) Store 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.

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

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
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Frequently Asked Questions

What type of property is this?
Live-work space - Main-level office includes conference space, bathroom, washer/dryer, and rear deck; upstairs 1-bed apartment has tenant through April 2027.
Where is this live-work space located?
The property is located at 115 N Broadway St 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: Main‑level office includes private office, larger conference‑style workspace, and bathroom; Main‑level includes washer/dryer and access to a rear deck; Upstairs 1‑bedroom, 1‑bath apartment with tenant in place through April 2027
More about this property
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