7404 Lamar S Avenue, Cottage Grove, MN 55016
Historic building with renovated interior and exquisite outdoor patio.
- Added:
- Nov 21, 2024
- Days on Market:
- 592
- Last Refresh:
- Jun 28 at 5:46 am
Property Features for 7404 Lamar S Avenue
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Lot size
- 1.03 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1995
Listing office RE/MAX Professionals (612) 356-7599
Listing date Nov 21, 2024
Source Exitrealty
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 RE/MAX Professionals
HighLights
- Exquisite, oversized patio with fireplace, fire table, and waterfall feature.
- Completely renovated interior featuring tiled floors, high ceilings, two bathrooms, and catering‑style kitchen.
- New HVAC (October 2025).
- Basement waterproofing system installed (September 2025).
- Located in the heart of Old Cottage Grove.
- B‑2 Retail Business District zoning allows for a variety of business possibilities (coffee shop, dance studio, restaurant, etc.).
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.5k | $21.60 |
| − Vacancy | −$3.1k | −$1.40 |
| EGI | $44.4k | $20.20 |
| − OpEx | −$11.1k | −$5.05 |
| NOI | $33.3k | $15.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cottage Grove
- County
- Washington
- State
- Minnesota
- Longitude
- -92.8819936
- Latitude
- 44.8414864
