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Freestanding Retail Building with Parking

602 S Rum River Dr, Princeton, MN 55371

For Lease
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Freestanding retail building with open lower level, strong street signage, and ample off-street parking.

Space Size7,200 SF
Days on Market146

Property Features for 602 S Rum River Dr

General Information

Standard status Active
Size 7,200 SF
Property subtype RETAIL

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Heavy Power Yes

Spaces For Lease

at 602 S Rum River Dr
Retail/Mixed-Use for Lease $15/SF/Yr
Floor 1-2
Size 7,200 SF
Type RETAIL
Availability AVAILABLE, Now
Sublease No
Extremely well-built, freestanding commercial building on busy South Rum River Dr near downtown and Hwy 169. Endless possibilities with current commercial zoning. The spancrete trusses allow for an open usable lower level, and the phase three electrical system will meet the highest of demand uses. Strong street exposure signage, sufficient off-street parking, and an additional lot for storage, fencing, addition, etc. Broker is the owner and is open to discussing the many uses and possibilities for this unique property. Call to discuss CAMs.
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Listing Agency: Minnkota Realty LLC
Listed By: Jeff Johnson
Source: Moodyscre
Added: Jun 18 Changed: Nov 3 Last Checked: Nov 8 at 8:09AM

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 Minnkota Realty LLC

Rey
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Investment Insights

Based on property information with market context.

This freestanding commercial building offers an open, usable lower level supported by spancrete trusses. The property is described as extremely well-built, with a Phase Three electrical system intended to support higher-demand uses. In addition to the main parking area, an extra lot is available that can support storage, fencing, or potential additions, subject to applicable approvals.

Located on busy South Rum River Dr near downtown and Hwy 169, the building benefits from strong street exposure for signage. The property also includes sufficient off-street parking to support customer and employee access.

The current commercial zoning and flexible interior layout make the space worth considering for a range of retail and service concepts that can utilize a wide-open lower level and a higher-capacity electrical setup. The additional storage lot adds utility for operations that need space for equipment and laydown. For rental terms and CAM details, interested parties should contact the broker to discuss how the property can fit specific use requirements.

Key Highlights

  • Freestanding commercial building on busy South Rum River Dr near downtown and Hwy 169
  • Current commercial zoning offers multiple use possibilities
  • Spancrete trusses help create an open, usable lower level

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Get Dressed Clothing Store

Suggested Use

Top Pick HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Garden Center Skin Care Clinic

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

Yes
Heavy power
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

498
Businesses Nearby
Balanced
Demand for This Use

Demographics for 55371, MN

17,132
Population
6,838
Households
2.5
Avg Household Size
40
Median Age
19%
College-Educated
94%
High-School Grad
196.0 sq mi
ZIP Area
87
Density / Sq Mi
$89,674
Median Household Income
$48,624
Median Earnings
$946
Median Rent
$299,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Coborn's Flower Shoppe — princeton, mn 55371
  • Princeton Floral & Wedding World — 605 1st St, Princeton, MN 55371

Frequently Asked Questions

What type of property is this?
Storefront property - Freestanding retail building with open lower level, strong street signage, and ample off-street parking.
Where is this storefront property located?
The property is located at 602 S Rum River Dr Princeton, MN.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Freestanding commercial building on busy South Rum River Dr near downtown and Hwy 169; Current commercial zoning offers multiple use possibilities; Spancrete trusses help create an open, usable lower level
(612) 221-0433 · Office Call to check price and availability
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