Drug Store at Signalized
For Sale
$1,259,914
202 South 2nd Avenue, Virginia, MN 55792
Signalized intersection positioning provides direct access and consistent drive-by exposure.
Property Size3,000 SF
Days on Market107
Property Features for 202 South 2nd Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Lease Term
±4.75 Yrs
Net Operating Income
$132,291
Building Details
Building Size
3,000 SF
Listed By:
Vincent Tanzi · License #02192818 (CA)
(925) 326-2135
Source:
Matthews
Added: Jul 3
Changed: Oct 4
Last Checked: Oct 16 at 5:37AM
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 Vincent Tanzi
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Investment Insights
Based on property information with market context.
This drug store property occupies a hard-corner position at a signalized intersection, providing direct access and visibility to passing traffic. The site is located at 202 South 2nd Avenue in Virginia, Minnesota.
Nearby services include a U.S. Bank branch and a St. Louis County Government Services Center, each less than half a mile away. North Star Elementary School is approximately 0.6 miles from the property. The tenant has renewed a five-year option beginning in October 2025, providing a defined continuation of occupancy.
Nearby services include a U.S. Bank branch and a St. Louis County Government Services Center, each less than half a mile away. North Star Elementary School is approximately 0.6 miles from the property. The tenant has renewed a five-year option beginning in October 2025, providing a defined continuation of occupancy.
Key Highlights
- Hard‑corner property at a signalized intersection
- Less than half a mile from a U.S. Bank branch
- Less than half a mile from a St. Louis County Government Services Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,462
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,629,240
$1.6M
Cap Rate 7%
$1,163,743
$1.2M
Cap Rate 9%
$905,133
$905.1K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$124.6K $41.52/SF
− Vacancy
−$15.9K −$5.31/SF
EGI
$108.6K $36.21/SF
− OpEx
−$27.2K −$9.05/SF
NOI
$81.5K $27.15/SF
Area
St. Louis County, MN
Vacancy
12.80%
Lease Rate
$41.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,629,240
Cap Rate 7%
$1,163,743
Cap Rate 9%
$905,133
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.02M – $1.36M
NOI $81,462 @ 7.0% cap · market cap 6.47%
Second Best
Retail
$405.0K
$354.4K – $472.5K
NOI $28,350 @ 7.0% cap · market cap 2.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
21k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 21%
Hotels & Casinos 11%
Home Improvements & Furnishings 8%
Holiday Station Store
Shops & Services
6,231 visits/mo
0.3 miles
Domino's Pizza
Dining
2,511 visits/mo
0.1 miles
Marathon
Shops & Services
2,205 visits/mo
0.5 miles
Quality Inn & Suites
Hotels & Casinos
2,195 visits/mo
0.2 miles
U.S. Bank
Shops & Services
1,912 visits/mo
0.1 miles
Demographics for 55792, MN
9,827
Population
5,628
Households
1.7
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
95.7 sq mi
ZIP Area
103
Density / Sq Mi
$50,616
Median Household Income
$40,275
Median Earnings
$795
Median Rent
$128,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- L'bri Pure n' Natural with Barbara — 401 8th St S Apt. B, Virginia, MN 55792
- Thrifty White Pharmacy — 202 S 2nd Ave W, Virginia, MN 55792
- Ellen C. Taube, RPh — 306 Chestnut St, Virginia, MN 55792
- Mark Walters — 306 Chestnut St, Virginia, MN 557922524
Frequently Asked Questions
What type of property is this?
Drug store - Signalized intersection positioning provides direct access and consistent drive-by exposure.
Where is this drug store located?
The property is located at 202 South 2nd Avenue Virginia, MN.
What is the asking price?
The asking price for this property is $1,259,914.
What are key features of this property?
This property features: Hard‑corner property at a signalized intersection; Less than half a mile from a U.S. Bank branch; Less than half a mile from a St. Louis County Government Services Center
