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Mixed-Use Building with Apartments

423 Main St N, Warren, MN 56762

For Sale
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A blend of office, community dining, retail, and apartment space occupies two floors of a brick commercial property.

Property SizeContact for details
Days on Market9

Property Features for 423 Main St N

General Information

Standard status Active
Elevators Yes
Property subtype Multifamily, Office, Mixed Use

Site & Location

Road Access Yes
Mixed-Use Components retail, office, residential

Additional Details

Multifamily Units 9
Tenant in Place Yes

Building Details

Year Built 1911
Year Renovated 2017
Buildings 1
Construction brick
Tenancy Multi
Listing Agency: Square Foot Commercial - Crary Real Estate
Listed By: Ryan Bohn · License MN #20479240
Source: Crexi
Added: Nov 5 Changed: Nov 10 Last Checked: Nov 12 at 8:06AM

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 Square Foot Commercial - Crary Real Estate

Rey
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Investment Insights

Based on property information with market context.

This two-story brick mixed-use property dates to 1911 and includes elevator and stair access. The main level contains attorney offices, a commons used for Senior Meals, and an open 600-square-foot retail area. Nine apartments occupy the upper floor, which was fully rebuilt in 2017; each unit has an individual electrical panel.

The building is at 423 Main St N in downtown Warren, Minnesota.

Key Highlights

  • Nine apartments on the upper floor, rebuilt in 2017
  • 600 SF of open retail space on the main floor
  • Main level includes attorney offices and a commons used for Senior Meals

Property Analytics

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Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Pharmacy Dental Office Auto Repair Shop

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

9
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

220
Businesses Nearby

Demographics for 56762, MN

2,561
Population
1,114
Households
2.3
Avg Household Size
41
Median Age
20%
College-Educated
93%
High-School Grad
336.0 sq mi
ZIP Area
8
Density / Sq Mi
$61,719
Median Household Income
$45,691
Median Earnings
$779
Median Rent
$149,300
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A blend of office, community dining, retail, and apartment space occupies two floors of a brick commercial property.
Where is this mixed-use property located?
The property is located at 423 Main St N Warren, MN.
What is the asking price?
The asking price for this property is $764,825.
What are key features of this property?
This property features: Nine apartments on the upper floor, rebuilt in 2017; 600 SF of open retail space on the main floor; Main level includes attorney offices and a commons used for Senior Meals
(248) 809-5000 Call to check price and availability
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