Historic Mixed-Use
New
For Sale
$475,000
418 Bench St, Taylors Falls, MN 55084
Multi-level commercial layout accommodates storefront, office, and separately configured business space.
Property Size1,711 SF
Price / SF$277.62
Days on Market2
Property Features for 418 Bench St
General Information
Standard status
Active
Size
1,711 SF
Building Details
Year Built
1854
Listing Agency:
Ashworth Real Estate
Listed By:
Joshua Pelovsky
(651) 605-5101
Source:
Tayloronken
Added: Sep 1
Last Checked: Sep 1 at 9:12PM
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 Ashworth Real Estate
Investment Insights
Based on property information with market context.
Built in 1854, this 1,711-square-foot historic commercial building combines retail and office functionality across multiple levels. The main floor is arranged for storefront use, while the upper level can be divided into individual offices or organized as one larger workspace. A distinct area on the back floor provides additional business space with separate-use flexibility.
Positioned on Main Street in Taylors Falls, the property is located in a community recognized for tourism, shopping, dining, and scenery along the St. Croix River. The layout can support one occupant using the full building or multiple businesses operating within different sections, subject to applicable requirements.
Positioned on Main Street in Taylors Falls, the property is located in a community recognized for tourism, shopping, dining, and scenery along the St. Croix River. The layout can support one occupant using the full building or multiple businesses operating within different sections, subject to applicable requirements.
Key Highlights
- 1,711‑square‑foot commercial building constructed in 1854
- Main‑floor storefront configuration
- Upper level can function as individual offices or one larger space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,073
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,460
$421.5K
Cap Rate 7%
$301,043
$301.0K
Cap Rate 9%
$234,144
$234.1K
Market Conditions
NOI Build-Up for 1,711 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.4K $18.96/SF
− Vacancy
−$2.3K −$1.37/SF
EGI
$30.1K $17.59/SF
− OpEx
−$9.0K −$5.28/SF
NOI
$21.1K $12.32/SF
Area
Chisago County, MN
Vacancy
7.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,460
Cap Rate 7%
$301,043
Cap Rate 9%
$234,144
Alternative Uses
Best Use
Retail
$301.0K
$263.4K – $351.2K
NOI $21,073 @ 7.0% cap · market cap 4.44%
Second Best
Mixed Use
$297.7K
$260.5K – $347.3K
NOI $20,840 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$408.2K
$357.2K – $476.3K
NOI $28,575 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 55084, MN
1,777
Population
842
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
98%
High-School Grad
24.8 sq mi
ZIP Area
72
Density / Sq Mi
$90,500
Median Household Income
$45,669
Median Earnings
$992
Median Rent
$294,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-level commercial layout accommodates storefront, office, and separately configured business space.
Where is this mixed-use property located?
The property is located at 418 Bench St Taylors Falls, MN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,711‑square‑foot commercial building constructed in 1854; Main‑floor storefront configuration; Upper level can function as individual offices or one larger space
