Floral Business and
For Sale
$475,000
120 N River Street, Delano, MN 55328
An established florist operation includes furnishings, fixtures, equipment, and its Delano building.
Property Size3,210 SF
Price / SF$147.98
Days on Market156
Property Features for 120 N River Street
General Information
Standard status
Active
Size
3,210 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
Business Included
Yes
Building Details
Year Built
1900
Listing Agency:
True Commercial,LLC
Listed By:
April Femrite · License #40673070
(507) 345-8783
Source:
C21atwood
Added: May 9
Changed: Oct 11
Last Checked: Oct 11 at 2:37PM
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 True Commercial,LLC
Investment Insights
Based on property information with market context.
Delano Floral & Gifts combines a retail storefront with an operating floral and gift business. The company has served customers since 2000, offering floral arrangements, plants, home décor, and gift items. Its services also include consultations for weddings, funerals, and other occasions. Furnishings, fixtures, and equipment are included with the business and building; inventory at closing is subject to separate negotiation.
The property is at 120 N River Street in Delano, Minnesota. The owner plans to retire and will provide short-term training and transition assistance to the buyer. Access to confidential financial and operational information requires an NDA.
The property is at 120 N River Street in Delano, Minnesota. The owner plans to retire and will provide short-term training and transition assistance to the buyer. Access to confidential financial and operational information requires an NDA.
Key Highlights
- Florist and gift business serving customers since 2000
- Business sale includes furnishings, fixtures, equipment, and the building
- Product offerings include flowers, plants, home décor, and gifts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,536
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,720
$790.7K
Cap Rate 7%
$564,800
$564.8K
Cap Rate 9%
$439,289
$439.3K
Market Conditions
NOI Build-Up for 3,210 SF
Gross rent
$60.9K $18.96/SF
− Vacancy
−$4.4K −$1.37/SF
EGI
$56.5K $17.59/SF
− OpEx
−$16.9K −$5.28/SF
NOI
$39.5K $12.32/SF
Area
Wright County, MN
Vacancy
7.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,720
Cap Rate 7%
$564,800
Cap Rate 9%
$439,289
Alternative Uses
Best Use
Retail
$564.8K
$494.2K – $658.9K
NOI $39,536 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.8K
$670.1K – $893.5K
NOI $53,609 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Dining 7%
Dollar General
Shops & Services
6,632 visits/mo
0.0 miles
Holiday Station Store
Shops & Services
6,435 visits/mo
0.2 miles
Circle K
Shops & Services
6,056 visits/mo
0.2 miles
Pizza Hut
Dining
1,337 visits/mo
0.4 miles
Demographics for 55328, MN
9,729
Population
3,684
Households
2.6
Avg Household Size
39
Median Age
42%
College-Educated
98%
High-School Grad
44.9 sq mi
ZIP Area
217
Density / Sq Mi
$118,036
Median Household Income
$65,990
Median Earnings
$927
Median Rent
$382,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - An established florist operation includes furnishings, fixtures, equipment, and its Delano building.
Where is this storefront property located?
The property is located at 120 N River Street Delano, MN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Florist and gift business serving customers since 2000; Business sale includes furnishings, fixtures, equipment, and the building; Product offerings include flowers, plants, home décor, and gifts
