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    40 Church St New Market, MN 55054

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    For Lease
    $1.00 SF/Yr

    Restored mixed-use building with commercial space and apartment.

    Property size:
    1,000 SF
    Lot size:
    0.08 Acres

    Property Features for 40 Church St

    General Information

    Size
    1,000 SF
    Lot size
    0.08 Acres

    Source: Scott County CDA Agent Michael Werneke

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

    Overview

    Mixed-Use Building in Downtown New Market

    Located in downtown New Market, this historic mixed-use building is available for lease or purchase. Zoned for downtown commercial use, the property is currently income-producing. It features a three-bedroom apartment upstairs and approximately 1,000 square feet of commercial space on the first floor. The property has been recently restored, including a new electrical system, a new HVAC system, a waterproof and fireproof basement, new foundation supports, a new chimney, and new gutters. The first floor is still being finished and offers customization options for tenants. New storefront windows are scheduled for installation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Market
    County
    Scott
    State
    Minnesota
    Longitude
    -93.3514967
    Latitude
    44.5724281

    FAQs

    What type of property is this?
    Retail space - Restored mixed-use building with commercial space and apartment.
    Where is this retail space located?
    The property is located at 40 Church St New Market, MN.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Income-producing mixed-use building with residential and commercial spaces.; - Recently restored with new electric, HVAC, foundation supports, chimney, and gutters.; - Zoned downtown commercial, offering versatile business opportunities.
    (952) 496-8613
    Request Owner's contact information
    40 Church St New Market, MN 55054
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    40 Church St
    New Market, MN 55054
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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
    40 Church St New Market, MN 55054
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