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    101 2Nd Ave Perham, MN 56573

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    For Sale
    Contact for pricing

    Downtown Perham retail, 45,100 SF, lease/own options.

    Property size:
    45,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    JP Place presents a remarkable opportunity for businesses seeking a prominent presence in the vibrant downtown Perham, Minnesota. This newly constructed mixed-use building offers 45,100 square feet of prime retail space, ideally situated at 101 2nd Avenue Southeast, zip code 56573, in Otter Tail County. The property boasts a strategic location within the bustling heart of Perham, ensuring high visibility and accessibility for customers. Potential tenants have the flexibility to either lease or purchase this exceptional commercial space, catering to diverse business needs and investment strategies. The building's modern design and construction ensure a high-quality environment for any business. With its expansive square footage, JP Place offers ample room for a variety of retail concepts, from flagship stores to multi-tenant configurations. The property's location in the center of Perham's commercial district guarantees significant foot traffic and exposure to a thriving local community. This is an exceptional opportunity to establish or expand a retail business in a dynamic and growing market. The asking price per square foot is $200. Serious inquiries are encouraged to explore the possibilities of owning or leasing this exceptional retail space.

    Property Features for 101 2Nd Ave

    General Information

    Property type
    Retail properties
    Square Feet
    45,100 SF

    HighLights

    • 45,100 square foot retail space available.
    • Located at 101 2nd Avenue Southeast, Perham, MN 56573.
    • New construction mixed‑use building in downtown Perham.
    • $200 per square foot.
    • Options to lease or purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    JP Place Apartment Building Bongards Creameries - Perham ... Cheese Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Perham
    County
    Otter Tail
    State
    Minnesota
    Longitude
    -95.5716965
    Latitude
    46.5932014

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    Nearby Similar for Sale

    • $1,350,000
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      Prime Perham Retail Investment

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      655 Main St, Perham, MN 56573
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      Prime Retail Space in Perham, MN

      Vacant Retail Building, 5200 sq ft
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    FAQs

    What type of property is this?
    Retail property - Downtown Perham retail, 45,100 SF, lease/own options.
    Where is this retail property located?
    The property is located at 101 2Nd Ave Perham, MN.
    What are key features of this property?
    This property features: 45,100 square foot retail space available.; Located at 101 2nd Avenue Southeast, Perham, MN 56573.; New construction mixed-use building in downtown Perham.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 2Nd Ave Perham, MN 56573
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