Building Details

Year Built 2005

Buildings 1

Stories 2

Units 1

Building Size 6,568 SF

Listing Agency: Re/Max Results

Listed By: Diego Correa Bravo Show Phone

Source: Getyoumoved

Added: Oct 19 Changed: Oct 25 Last Checked: Oct 26 at 4:11AM

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Investment Insights

Based on property information with market context.

Built in 2005, this two-story office building contains approximately 6,568 square feet, arranged across two floors of about 3,284 square feet each. Interior ceiling heights reach 11 feet, and dedicated parking serves the property. The site encompasses approximately 0.26 acres at 145 Railway Street W in Loretto.

The downtown setting places the building among local businesses, restaurants, and services. County Road 19 and Highway 55 provide nearby road connections. Its office classification and multi-level configuration are the defining physical attributes of this commercial property.

Key Highlights

• Approximately 6,568 square feet across two floors
• About 3,284 square feet per floor
• Built in 2005 with ceiling heights of 11 feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$77,994

Cap Rate

6.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,559,880 $1.6M

Cap Rate 7%

$1,114,200 $1.1M

Cap Rate 9%

$866,600 $866.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,568 SF

Gross rent

$144.2K $21.96/SF

− Vacancy

−$40.2K −$6.13/SF

EGI

$104.0K $15.83/SF

− OpEx

−$26.0K −$3.96/SF

NOI

$78.0K $11.87/SF

Area

Hennepin County, MN

Vacancy

27.90%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,559,880

Cap Rate 7%

$1,114,200

Cap Rate 9%

$866,600

Alternative Uses

Best Use

Office B

$1.11M

$974.9K – $1.30M (±1% cap)

NOI $77,994 @ 7.0% cap · market cap 6.50%

Second Best

Retail

$1.04M

$908.8K – $1.21M (±1% cap)

NOI $72,702 @ 7.0% cap · market cap 6.06%

Theoretical Best

Office A

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,689 @ 7.0% cap · market cap 9.14%

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

D'Avocado Food Processing Plant Baugus Group Headquarters Corporate Office Riley's Garage Door ... Building Supply

Suggested Use

Top Pick Parking Lot & Garage Dental Office Electrical Service Real Estate Agency Garden Center Grocery & Convenience Store

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

114

Businesses Nearby

Explore this area Business Placement

Demographics for 55357, MN

3,370

Population

1,284

Households

2.6

Avg Household Size

42

Median Age

50%

College-Educated

98%

High-School Grad

19.5 sq mi

ZIP Area

173

Density / Sq Mi

$147,256

Median Household Income

$64,231

Median Earnings

$1,146

Median Rent

$491,200

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

Frequently Asked Questions

What type of property is this?

Office building - A downtown commercial property with dedicated parking and connections to County Road 19 and Highway 55.

Where is this office building located?

The property is located at 145 Railway Street W Loretto, MN.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Approximately 6,568 square feet across two floors; About 3,284 square feet per floor; Built in 2005 with ceiling heights of 11 feet