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    231 Main St NW Elk River, MN 55330

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    For Lease
    $12 SF/Yr ($3,926 /Mo)

    Professional office space in Elk River's downtown area.

    Property size:
    3,926 SF
    Lot size:
    1.05 Acres

    Property Features for 231 Main St NW

    General Information

    Size
    3,926 SF
    Lot size
    1.05 Acres

    Source: Premier Commercial Properties Agent Robert (Marty) Fisher

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

    Overview

    Elk River Professional Office Space

    The Elk River Professional Building offers a quality image with its attractive brick exterior and ample glass, situated in a downtown location with convenient access to Highway 169. The available second-floor space measures 3,926 square feet. The layout includes 9 private offices, a conference room, a private restroom, and a break room. The two-story building does not have an elevator but features a main floor with a common reception area, kitchenette, and conference room. Monument signage is available facing Main Street. The property includes 30 marked surface parking stalls and is located adjacent to the Fairview Clinic. Existing office furniture can either remain or be removed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Elk River
    County
    Sherburne
    State
    Minnesota
    Longitude
    -93.5574846
    Latitude
    45.3028697

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    FAQs

    What type of property is this?
    Office space - Professional office space in Elk River's downtown area.
    Where is this office space located?
    The property is located at 231 Main St NW Elk River, MN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Downtown location with easy access to Hwy 169; - 3,926 SF of 2nd-floor office space; - Features 9 private offices, conference room, private restroom, and break room
    (763) 862-2005
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    231 Main St NW Elk River, MN 55330
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    Elk River, MN 55330
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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
    231 Main St NW Elk River, MN 55330
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