Building Details

Year Built 1910

Buildings 1

Stories 2

Units 4

Tenancy Multi

Listing Agency: Realty Growth Inc. b***@rgi-group.com Show Phone

Listed By: Robert Bucky Beeman · License #40149580 Show Phone

Source: Juverealestate

Added: Jun 11 Changed: Aug 20 Last Checked: Aug 20 at 3:26AM

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Investment Insights

Based on property information with market context.

Built in 1910, this mixed-use property combines two updated apartments with multiple commercial spaces on the main level. One apartment has a long-term occupant, while the other is operated as a short-term vacation rental. The commercial portion includes a café-ready kitchen and a separate space configured for office and bar use.

Recent mechanical, cosmetic, and utility improvements have been completed throughout the building, with separate meters serving the different areas. A side lot extends the property and includes a built-in stage, providing additional physical space for events or future expansion. The property is located at 312 Center Street E in Hammond, within the Zumbro River Valley, and is zoned Business/Commercial.

Key Highlights

• Two updated apartments, including one long‑term rental and one short‑term vacation rental
• Main‑level commercial storefronts with a complete commercial kitchen/café space
• Separate office/bar area provides an additional commercial configuration

Property Analytics

Current Use

Hammond Public House Community Center The Basic Place Cafe & Coffee Shop

Suggested Use

Top Pick Cafe & Coffee Shop Bar & Pub

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

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 55991, MN

1,292

Population

641

Households

2

Avg Household Size

48

Median Age

22%

College-Educated

97%

High-School Grad

54.1 sq mi

ZIP Area

24

Density / Sq Mi

$86,875

Median Household Income

$45,809

Median Earnings

$882

Median Rent

$294,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two residential units sit above storefront space with a commercial kitchen, café area, and office/bar configuration.

Where is this mixed-use property located?

The property is located at 312 Center Street E Hammond, MN.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Two updated apartments, including one long‑term rental and one short‑term vacation rental; Main‑level commercial storefronts with a complete commercial kitchen/café space; Separate office/bar area provides an additional commercial configuration