Floral Retail
For Sale
$475,000
120 River Street N, Delano, MN 55328
The sale includes an established floral business, its furnishings and equipment, and short-term training and transition support.
Property Size3,210 SF
Price / SF$147.98
Days on Market99
Property Features for 120 River Street N
General Information
Standard status
Active
Size
3,210 SF
Property subtype
COMMERCIAL
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$4,582
Building Details
Building Size
3,210 SF
Year Built
1900
Buildings
1
Listing Agency:
True Real Estate
Listed By:
Bruce Tanhoff
Source:
Harkerwoods
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 26 at 3:51PM
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 Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Delano Floral & Gifts is an established florist and gift business in Delano, Minnesota, operating since 2000. Its offerings include floral arrangements, plants, home decor, and gifts, with consulting services for weddings, funerals, and other special occasions. The property includes the business’s furnishings, fixtures, equipment, and building, constructed in 1900.
The sale also includes a customer base and the business name. The owner will provide short-term training and transition support to the buyer. Inventory on hand at closing is subject to separate negotiation.
The sale also includes a customer base and the business name. The owner will provide short-term training and transition support to the buyer. Inventory on hand at closing is subject to separate negotiation.
Key Highlights
- Established Delano florist and gift business operating since 2000
- Business sale includes furnishings, fixtures, equipment, and building
- Building constructed in 1900
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Frequently Asked Questions
What type of property is this?
Storefront property - The sale includes an established floral business, its furnishings and equipment, and short-term training and transition support.
Where is this storefront property located?
The property is located at 120 River Street N 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: Established Delano florist and gift business operating since 2000; Business sale includes furnishings, fixtures, equipment, and building; Building constructed in 1900
