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    318 1St St SW New Richland, MN 56072

    For Sale
    $125,000

    Office and retail property with redevelopment potential.

    Property size:
    3,528 SF
    Lot size:
    0.27 Acres

    Property Features for 318 1St St SW

    General Information

    Size
    3,528 SF
    Lot size
    0.27 Acres

    Source: Hamilton Real Estate Agent Ari Kolas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office and Retail Building

    This property offers both office and retail functionality, presenting a potential investment opportunity with redevelopment possibilities. The building features a total area of 3,528 square feet, with 1,960 square feet located on the main level and an additional 1,568 square feet in the unfinished basement. The layout includes six private offices. The property is located in New Richland, MN.
    Location Intelligence

    Current Use by Public Records

    Allison Berg Heinemann Nurse Practitioner Mayo Clinic Health ... Medical Clinic Dr. Beverly A. Lombardi, ... Doctor Dr. Luis A. Martinez, ... Family Practice Physician

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    New Richland
    County
    Waseca
    State
    Minnesota
    Longitude
    -93.4975379
    Latitude
    43.8925711

    FAQs

    What type of property is this?
    Office space - Office and retail property with redevelopment potential.
    Where is this office space located?
    The property is located at 318 1St St SW New Richland, MN.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Residential redevelopment opportunity; - Investment opportunity; - Total of 3,528 sqft
    (507) 271-5553
    Request Owner's contact information
    318 1St St SW New Richland, MN 56072
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    318 1St St SW
    New Richland, MN 56072
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    Realmo Value Estimation

    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.

    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.

    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
    318 1St St SW New Richland, MN 56072
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