Building Details

Year Built 1987

Listing Agency: Tracy Sells LLC

Listed By: Tracy Petersohn Show Phone

Source: Bradadamrealty

Added: Aug 23 Changed: Sep 2 Last Checked: Oct 5 at 7:50PM

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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 Tracy Sells LLC

Investment Insights

Based on property information with market context.

This Dodge Center retail property includes a 7,424-square-foot storefront building and a separate cold-storage structure measuring 30x52. The improvements support a retail operation with dedicated refrigerated storage capacity.

Built in 1987, the property is located at 14 3rd Ave SW in Dodge Center, Minnesota. The existing store format and supplemental cold-storage building provide a combined commercial setup for retail use requiring additional temperature-controlled space.

Key Highlights

• 7,424‑square‑foot storefront building
• Separate 30x52 cold‑storage building
• Existing retail store configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,762

Cap Rate

7.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,175,240 $1.2M

Cap Rate 7%

$839,457 $839.5K

Cap Rate 9%

$652,911 $652.9K

Market Conditions

NOI Build-Up for 7,424 SF

Gross rent

$71.3K $9.60/SF

− Vacancy

−$2.1K −$0.29/SF

EGI

$69.1K $9.31/SF

− OpEx

−$10.4K −$1.40/SF

NOI

$58.8K $7.92/SF

Area

Dodge County, MN

Vacancy

3.00%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,175,240

Cap Rate 7%

$839,457

Cap Rate 9%

$652,911

Alternative Uses

Best Use

Retail

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,563 @ 7.0% cap · market cap 11.14%

Second Best

Warehouse

$839.5K

$734.5K – $979.4K (±1% cap)

NOI $58,762 @ 7.0% cap · market cap 7.83%

Theoretical Best

Office A

$2.86M

$2.50M – $3.34M (±1% cap)

NOI $200,156 @ 7.0% cap · market cap 26.69%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Hardware Hank Building Supply

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Hair Salon Electrical Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

201

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 55927, MN

4,154

Population

1,760

Households

2.4

Avg Household Size

38

Median Age

18%

College-Educated

94%

High-School Grad

80.1 sq mi

ZIP Area

52

Density / Sq Mi

$91,536

Median Household Income

$52,378

Median Earnings

$926

Median Rent

$216,100

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Huckleberry Floral Design & Gift — 25 W Main St, Dodge Center, MN 55927

Frequently Asked Questions

What type of property is this?

Storefront property - Established retail storefront with a dedicated cold-storage building.

Where is this storefront property located?

The property is located at 14 3rd Ave SW Dodge Center, MN.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 7,424‑square‑foot storefront building; Separate 30x52 cold‑storage building; Existing retail store configuration