Building Details

Buildings 1

Tenancy Multi

Listing Agency: Coldwell Banker At the Lakes

Listed By: Steven Larson · License #MN Show Phone

Source: Crexi

Added: Apr 11 Changed: Sep 1 Last Checked: Aug 31 at 9:56PM

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Investment Insights

Based on property information with market context.

This retail property includes two separate rental units totaling 12,925 square feet. Unit 1 contains 9,675 square feet, while Unit 2 provides 3,250 square feet, giving the building a combination of large-format and smaller commercial space. The property is described as being in great condition and features Main Street frontage.

Rear alley access adds a secondary point of entry and service access. The existing layout is suited to retail use and may also accommodate conversion to office space. The property is located at 115 & 113 North Main Street in Mahnomen, Minnesota.

Key Highlights

• 12,925 square feet of total rental space
• Two rental units: 9,675 SF and 3,250 SF
• Main Street frontage in Mahnomen, MN

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Electrical Service Storage Facility Pharmacy Grocery & Convenience Store Parking Lot & Garage 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

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

234

Businesses Nearby

9k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 52% Groceries 35% Home Improvements & Furnishings 13%

Dollar General Shops & Services

4,840 visits/mo 0.3 miles

Supervalu Groceries

3,199 visits/mo 0.0 miles

Mahnomen True Value Home Improvements & Furnishings

1,196 visits/mo 0.1 miles

Demographics for 56557, MN

2,826

Population

1,161

Households

2.4

Avg Household Size

37

Median Age

12%

College-Educated

84%

High-School Grad

234.9 sq mi

ZIP Area

12

Density / Sq Mi

$53,077

Median Household Income

$36,334

Median Earnings

$697

Median Rent

$121,100

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

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Frequently Asked Questions

What type of property is this?

Retail space - Two rentable spaces offer flexible commercial layouts with rear alley access and frontage along Main Street.

Where is this retail space located?

The property is located at 115 & 113 North Main Street Mahnomen, MN.

What are key features of this property?

This property features: 12,925 square feet of total rental space; Two rental units: 9,675 SF and 3,250 SF; Main Street frontage in Mahnomen, MN