Listing Agency: eXp Realty Show Phone

Listed By: Chris Fritch · License #40341531 Show Phone

Source: Moodyscre

Added: Nov 24, 2025 Changed: Sep 17 Last Checked: Oct 4 at 9:58AM

Report an Issue

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 eXp Realty

Investment Insights

Based on property information with market context.

This is the sale of an established, fully operational hair salon business along with the building. The property offers a turnkey opportunity and is suitable for an owner-operator or investor. The building has a size of 1987 square feet.

Key Highlights

• Turnkey, fully operational hair salon business and building included in sale.
• Established business with existing client base.
• Ideal for owner‑operator.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,852

Cap Rate

3.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$437,040 $437.0K

Cap Rate 7%

$312,171 $312.2K

Cap Rate 9%

$242,800 $242.8K

Market Conditions

NOI Build-Up for 1,987 SF

Gross rent

$33.9K $17.04/SF

− Vacancy

−$2.6K −$1.33/SF

EGI

$31.2K $15.71/SF

− OpEx

−$9.4K −$4.71/SF

NOI

$21.9K $11.00/SF

Area

MN

Vacancy

7.80%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$437,040

Cap Rate 7%

$312,171

Cap Rate 9%

$242,800

Alternative Uses

Best Use

Retail

$312.2K

$273.2K – $364.2K (±1% cap)

NOI $21,852 @ 7.0% cap · market cap 3.65%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$493.8K

$432.0K – $576.1K (±1% cap)

NOI $34,563 @ 7.0% cap · market cap 5.77%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Central Hair Design Hair Salon

Suggested Use

Top Pick Restaurant Law Firm Building Supply Auto Repair Shop Real Estate Agency Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

225

Businesses Nearby

2k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Domino's Pizza Dining

2,046 visits/mo 0.4 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Grand Avenue Office Space Available

MN

Contact for pricing

1,200 SF

View details

Historic Downtown St. Cloud Landmark

MN

Contact for pricing

11,918 SF

View details

Industrial Space Available For Lease

MN

Contact for pricing

16,620 SF

View details

Frequently Asked Questions

What type of property is this?

Retail space - Established hair salon business and building for sale.

Where is this retail space located?

The property is located at 321 Central Ave E MN.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Turnkey, fully operational hair salon business and building included in sale.; Established business with existing client base.; Ideal for owner‑operator.