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Retail/Light Industrial Space For Sale
For Sale
$249,900

245 Main St E, Rice, MN 56367

High visibility retail/light industrial space near Hwy 10.

Property Size4,256 SF
Price / SF$58.72
Days on Market185

Property Features for 245 Main St E

General Information

Standard status Active
Size 4,256 SF

Building Details

Year Built 1950
Listing Agency: Parcel Real Estate Inc.
Listed By: Tanner Nordlund
Source: Homesminn
Added: Mar 26 Changed: Sep 19 Last Checked: Sep 24 at 12:06PM

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 Parcel Real Estate Inc.

Investment Insights

Based on property information with market context.

This property offers an opportunity to purchase high visibility retail or light industrial space located near Highway 10, just north of St. Cloud. The property has been the site of a small engine repair and power equipment sales business for many years. The property size is 4256 square feet.

Key Highlights

  • High visibility location
  • Close proximity to Hwy 10
  • Suitable for retail or light industrial use

Property Analytics

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Current Use

Rice Fire Department Fire Station Arnies Log & Lawn Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Storage Facility Pharmacy Hair Salon Garden Center 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

151
Businesses Nearby
55k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 57% Dining 43%
Holiday Station Store Shops & Services
15,547 visits/mo 0.1 miles
McDonald's Dining
10,848 visits/mo 0.3 miles
SUBWAY Dining
7,531 visits/mo 0.3 miles
Dollar General Shops & Services
7,466 visits/mo 0.4 miles
BP Shops & Services
7,199 visits/mo 0.3 miles

Demographics for 56367, MN

7,164
Population
2,899
Households
2.5
Avg Household Size
38
Median Age
26%
College-Educated
95%
High-School Grad
101.8 sq mi
ZIP Area
70
Density / Sq Mi
$102,429
Median Household Income
$54,418
Median Earnings
$1,222
Median Rent
$270,100
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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - High visibility retail/light industrial space near Hwy 10.
Where is this retail space located?
The property is located at 245 Main St E Rice, MN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: High visibility location; Close proximity to Hwy 10; Suitable for retail or light industrial use
More about this property
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