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Mixed-Use Property with Office Suites
For Sale
$225,000

215 N Meridian Street, Belle Plaine, MN 56011

Commercial Sale, Belle Plaine, MN

Property SizeContact for details
Lot Size0.20 Acres
Days on Market157

Property Features for 215 N Meridian Street

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial
Parking features On Street
Window features Bay Window(s), Display Window(s)
Appliances Dishwasher, Dryer, Water Heater - Gas, Range, Refrigerator, Washer, Water Softener - Owned
Subdivision City Of Belle Plaine
High school district Belle Plaine
Directions Highway 169 to Belle Plaint, Main Street exit left on Main Street, Right on Meridian
Standard status Active
APN 200015140
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 4106

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1920
Roof type Flat, Rubber
Listing Agency: Chestnut Realty Inc
Listed By: Jacob Weierke
Added: May 12 Changed: Oct 8 Last Checked: Oct 15 at 9:06AM
MLS# 7072357

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1920, the mixed-use building contains seven office suites and a two-bedroom apartment. Apartment improvements completed in 2021 included a new furnace, central air conditioning, flooring, carpet, and interior paint. Common areas in the commercial section also received fresh paint and new carpet and flooring. An open basement provides additional storage space.

The property occupies a 0.2-acre site at 215 N Meridian Street in Belle Plaine, Minnesota. Heating is forced air, cooling is central air, and parking is on street.

Key Highlights

  • Seven individual office suites in a mixed‑use building
  • Two‑bedroom apartment updated in 2021 with a new furnace and central A/C
  • Commercial common areas have new carpet and flooring, plus fresh paint

Property Analytics

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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
1
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

322
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 commercial and residential space within the same building.
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 in a mixed‑use building; Two‑bedroom apartment updated in 2021 with a new furnace and central A/C; Commercial common areas have new carpet and flooring, plus fresh paint
More about this property
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