Building Details

Year Built 1854

Listing Agency: Ashworth Real Estate

Listed By: Joshua Pelovsky Show Phone

Source: Tayloronken

Added: Sep 1 Changed: Sep 20 Last Checked: Oct 5 at 9:01PM

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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 Ashworth Real Estate

Investment Insights

Based on property information with market context.

Built in 1854, this 1,711-square-foot historic commercial building combines retail and office functionality across multiple levels. The main floor is arranged for storefront use, while the upper level can be divided into individual offices or organized as one larger workspace. A distinct area on the back floor provides additional business space with separate-use flexibility.

Positioned on Main Street in Taylors Falls, the property is located in a community recognized for tourism, shopping, dining, and scenery along the St. Croix River. The layout can support one occupant using the full building or multiple businesses operating within different sections, subject to applicable requirements.

Key Highlights

• 1,711‑square‑foot commercial building constructed in 1854
• Main‑floor storefront configuration
• Upper level can function as individual offices or one larger space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,073

Cap Rate

4.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$421,460 $421.5K

Cap Rate 7%

$301,043 $301.0K

Cap Rate 9%

$234,144 $234.1K

Market Conditions

NOI Build-Up for 1,711 SF

Gross rent

$32.4K $18.96/SF

− Vacancy

−$2.3K −$1.37/SF

EGI

$30.1K $17.59/SF

− OpEx

−$9.0K −$5.28/SF

NOI

$21.1K $12.32/SF

Area

Chisago 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%

$421,460

Cap Rate 7%

$301,043

Cap Rate 9%

$234,144

Alternative Uses

Best Use

Retail

$301.0K

$263.4K – $351.2K (±1% cap)

NOI $21,073 @ 7.0% cap · market cap 4.96%

Second Best

Mixed Use

$297.7K

$260.5K – $347.3K (±1% cap)

NOI $20,840 @ 7.0% cap · market cap 4.90%

Theoretical Best

Office A

$408.2K

$357.2K – $476.3K (±1% cap)

NOI $28,575 @ 7.0% cap · market cap 6.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Parking Lot & Garage Auto Parts Store (Bike/Boat/Book/etc) Store Nail Salon Law Firm

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

451

Businesses Nearby

Explore this area Business Placement

Demographics for 55084, MN

1,777

Population

842

Households

2.1

Avg Household Size

44

Median Age

23%

College-Educated

98%

High-School Grad

24.8 sq mi

ZIP Area

72

Density / Sq Mi

$90,500

Median Household Income

$45,669

Median Earnings

$992

Median Rent

$294,300

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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

Frequently Asked Questions

What type of property is this?

Mixed-use property - Multi-level commercial layout accommodates storefront, office, and separately configured business space.

Where is this mixed-use property located?

The property is located at 418 Bench St Taylors Falls, MN.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 1,711‑square‑foot commercial building constructed in 1854; Main‑floor storefront configuration; Upper level can function as individual offices or one larger space