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Strip Mall with Available Suite
For Sale
$500,000

820 Howe Avenue, Mora, MN 55051

Commercial Sale, Mora, MN

Property Size5,040 SF
Lot Size2.79 Acres
Price / SF$99.21
Days on Market67

Property Features for 820 Howe Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Parking features Parking Lot
Window features Double Pane Windows
Accessibility Accessible Approach with Ramp
Subdivision Aud Sub
High school district Mora
Directions From Mora intersection of hwy 23 and 65 go east on 23 1/4 mile property on the south side of hwy.
Standard status Active
Lot size 2.79 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 27558

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 2005
Roof type Shingle
Listing Agency: Northern Lights Realty, LLC
Listed By: Patrick J Saunders
Added: Aug 5 Changed: Oct 8 Last Checked: Oct 10 at 11:06AM
MLS# 7121902

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 5,040-square-foot strip mall was built in 2005 and has one available suite alongside existing leases. The building includes forced-air heating, central air conditioning, a shingle roof, and a parking lot. An accessible approach with a ramp serves the property.

The 2.79-acre site is on Highway 23 east of Mora, near banks, the post office, and other businesses. A separate 5,040-square-foot commercial building next door is also offered for purchase, either alongside this property or on its own.

Key Highlights

  • 5,040‑square‑foot strip mall built in 2005
  • One vacant space among existing leases
  • 2.79‑acre site on Highway 23 east of Mora

Property Analytics

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Current Use

Strip malls

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Electrical Service Big Box & Wholesale Store Garden Center

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

Location Intelligence

Trade Area within ½ mile

364
Businesses Nearby

Demographics for 55051, MN

9,858
Population
4,667
Households
2.1
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
217.7 sq mi
ZIP Area
45
Density / Sq Mi
$71,232
Median Household Income
$40,163
Median Earnings
$970
Median Rent
$220,000
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
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - A multi-tenant retail property offers one vacant space and on-site parking.
Where is this strip mall located?
The property is located at 820 Howe Avenue Mora, MN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 5,040‑square‑foot strip mall built in 2005; One vacant space among existing leases; 2.79‑acre site on Highway 23 east of Mora
More about this property
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