Building Details

Year Built 1920

Buildings 1

Units 8

Tenancy Multi

Listing Agency: Chestnut Realty Inc

Listed By: Jacob Weierke Show Phone

Source: Getyoumoved

Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 3:22PM

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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 Chestnut Realty Inc

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Investment Insights

Based on property information with market context.

This mixed-use building at 215 N Meridian Street in Belle Plaine contains seven office suites and a two-bedroom apartment. The apartment received updates in 2021, including a new furnace, central A/C, flooring, carpet, and interior paint. Improvements to the commercial areas include refreshed common-area paint and new carpet and flooring. An open basement provides additional storage space.

Built in 1920, the property is zoned Business/Commercial.

Key Highlights

• Seven individual office suites
• Two‑bedroom apartment updated in 2021 with a new furnace and central A/C
• Apartment improvements include flooring, carpet, and fresh interior paint

Property Analytics

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Open Analytics

Current Use

Pin-ups Gallery Antique ... Renovation Specialist All Star Construction ... General Contractor Invest Financial Corporation Financial Advisor shutes law Law Firm

Suggested Use

Top Pick HVAC Service Electrical Service Big Box & Wholesale Store Bakery Hair Salon (Bike/Boat/Book/etc) 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

7

Office units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

322

Businesses Nearby

Explore this area Business Placement

Demographics for 56011, MN

9,538

Population

3,546

Households

2.7

Avg Household Size

37

Median Age

28%

College-Educated

92%

High-School Grad

102.3 sq mi

ZIP Area

93

Density / Sq Mi

$99,628

Median Household Income

$51,817

Median Earnings

$1,356

Median Rent

$296,400

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Seven office suites and a two-bedroom apartment provide distinct commercial and residential spaces.

Where is this mixed-use property located?

The property is located at 215 N Meridian Street Belle Plaine, MN.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: Seven individual office suites; Two‑bedroom apartment updated in 2021 with a new furnace and central A/C; Apartment improvements include flooring, carpet, and fresh interior paint