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Flex Space with Heated Shop
For Sale
$210,000

221 River Street SW, Preston, MN 55965

Commercial Sale, Preston, MN

Property SizeContact for details
Lot Size0.65 Acres
Days on Market150

Property Features for 221 River Street SW

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Parking features Driveway
Subdivision Preston Original
High school district Fillmore Central
Directions Take St. Paul St. past the court house property will be on the right
Standard status Active
APN 170152000
Lot size 0.65 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2936

Utilities

Heating system Forced Air

Building Details

Year built 1946
Listing Agency: Property Brokers of Minnesota
Listed By: Todd Hadoff
Added: May 14 Changed: Oct 8 Last Checked: Oct 10 at 11:06AM
MLS# 7073448

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.

This 5,300-square-foot flex building includes a large heated shop with two overhead doors measuring 12 feet and 16 feet. The front half has been configured for office, fitness, and retail uses, with separate men’s and women’s restrooms. Forced-air heating serves the building, and the metal roof is newer.

Set on a 0.652-acre lot at 221 River Street SW in Preston, the property also has driveway parking. Built in 1946, it offers a combination of shop, office, and customer-facing areas within one building.

Key Highlights

  • 5,300‑square‑foot building on 0.652 acres
  • Heated shop area with 12‑foot and 16‑foot doors
  • Front half includes office, fitness, and retail space

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Dental Office Building Supply HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

211
Businesses Nearby
Balanced
Demand for This Use

Demographics for 55965, MN

2,345
Population
1,072
Households
2.2
Avg Household Size
45
Median Age
26%
College-Educated
94%
High-School Grad
108.5 sq mi
ZIP Area
22
Density / Sq Mi
$62,917
Median Household Income
$43,264
Median Earnings
$681
Median Rent
$191,900
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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - A mixed-use layout combines a substantial shop area with office, fitness, and retail space, plus separate men’s and women’s restrooms.
Where is this flex space located?
The property is located at 221 River Street SW Preston, MN.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 5,300‑square‑foot building on 0.652 acres; Heated shop area with 12‑foot and 16‑foot doors; Front half includes office, fitness, and retail space
More about this property
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