Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Near Highway Title is generated by Realmo AI

    300 19th Avenue N, Princeton, MN 55371

    View on Map
    Claim this Listing
    Pending
    $259,000

    Lots & Land - Princeton, MN

    Lot size:
    0.98 Acres
    Added:
    May 2, 2023
    Days on Market:
    1108
    Last Refresh:
    May 13 at 2:06 am

    Property Features for 300 19th Avenue N

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Business/Commercial
    Standard status
    Pending
    APN
    247500100
    Lot size
    0.98 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5266

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    William J. Christian

    Listing agent William J. Christian

    Listing office Keller Williams Integrity NW 16201 90th Street NE, Otsego, MN

    Listing date May 2, 2023

    MLS# 6363897 Listing URL

    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.

    HighLights

    • Superb exposure to Hwy. 169 and Hwy. 95.
    • High‑traffic location near established businesses.
    • Easy advertising opportunities.
    • Convenient access.
    • Located near Walmart, Aldi, Verizon, Advanced Auto Parts, Anytime Fitness, and restaurants.
    • Opportunity for business growth.

    Overview

    This 0.979-acre commercial land is located in Princeton, Minnesota, offering significant exposure to Hwy. 169 and Hwy. 95, which facilitates advertising and accessibility. The property is zoned for business and commercial use, presenting an opportunity for various business ventures. The location is near established businesses, including Walmart, Aldi, Verizon, Advanced Auto Parts, Anytime Fitness, Princeton liquor store, and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Princeton
    County
    Mille Lacs
    State
    Minnesota
    Longitude
    -93.600272
    Latitude
    45.572748

    Nearby Similar for Sale

    • $425,000

      Princeton, MN: 59.43 Acre Parcel

      59.43 acres with tillable land, waterway, and recreational space.
      Xxx 92nd Avenue, Princeton, MN 55371
      View Details
    • $650,000

      88 Acres of Farmland

      Large land parcel suitable for farming or residential development.
      000 70th Street, Princeton, MN 55371
      View Details
    • $99,900

      Highway 169 Commercial Land

      5.82 acre commercial lot with Highway 169 visibility.
      Tbd 100th Ave, Princeton Twp, MN 55371
      View Details
    • $125,000

      Acreage Lots in Premier Development

      Spacious lots in Princeton's newest premier development.
      13396 295th Ave NW, Princeton, MN 55371
      View Details
    • $120,000

      Acreage Lots in Premier Development

      Spacious lots in Princeton's newest premier residential development.
      13098 295th Ave, Princeton, MN 55371
      View Details
    • $99,000

      Commercial Land on Rum River Drive

      1.3 acre commercial land with high traffic exposure.
      Tbd N Rum River Drive, Princeton, MN 55371
      View Details
    • $225,000

      Residential Land in Princeton, MN

      10.95 acres of wooded and tillable land for sale.
      Xxx 17th Street, Princeton, MN 55371
      View Details
    • $390,000

      Princeton, MN Acreage with Pond

      18.75 acres in Princeton, MN with pond and trees.
      Xxx 293rd Ave, Princeton, MN 55371
      View Details
    • $120,000

      Residential Lots in Princeton Development

      Residential lots ranging from 2.5 to 4.02 acres.
      L3 B2 138th St, Princeton, MN 55371
      View Details
    • $590,000

      40 Acres Wooded Land Princeton

      Secluded 40-acre wooded property with creek near Princeton, MN.
      Xxx 111th St NW, Princeton, MN 55371
      View Details
    • $124,900

      Princeton Land Ready For Building

      3-acre lot near Princeton, MN, ideal for custom home.
      8376 75th Street, Princeton, MN 55371
      View Details
    • $295,000

      Commercial Lot on High-Traffic Corner

      0.87 acre commercial lot on a high-traffic corner.
      Tbd 9th Circle S, Princeton, MN 55371
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with highway exposure in Princeton, Minnesota.
    Where is this commercial land located?
    The property is located at 300 19th Avenue N Princeton, MN.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: Superb exposure to Hwy. 169 and Hwy. 95.; High‑traffic location near established businesses.; Easy advertising opportunities.
    (763) 360-5008
    We can help!
    Listing Contact
    William J. Christian
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    300 19th Avenue N, Princeton, MN 55371
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!