7XX Rum River Dr Princeton, MN 55371
- Specialty properties
- 5.07 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 7XX Rum River Dr
- Lot size
- 5.07 lot acres
- Property type
- Specialty properties
- Property subtype
- Land
Description
Exceptional 5-acre commercial redevelopment opportunity in Princeton, MN, priced at $925,000. This property boasts three parcels (240330790, 240330830, and 240330820) situated in R3 and B2 zoning districts, with adjacency to B3 zoning, offering flexibility for diverse commercial uses. Conveniently located on Rum River Drive S and 7th Avenue S, it enjoys high visibility and accessibility, situated near Princeton High School and numerous established businesses including Kwik Trip, Coborns, AmericInn, McDonald's, Caribou Coffee, and M Health Fairview Medical Center. The asking price equates to $4.58 per square foot, including existing buildings, presenting an affordable redevelopment or repurposing opportunity. Currently, the property includes a church building and two leased spaces
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Mille Lacs
- State
- Minnesota
- Longitude
- -93.5802
- Latitude
- 45.5648
