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    118 Main St Cyrus, MN 56323

    Sponsored
    For Sale
    $139,900

    Large building, two lots, versatile space.

    Property size:
    4,554 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional property at 118 Main Street in Cyrus, Minnesota, presents a unique commercial or residential opportunity. Boasting a substantial 4,554 square feet of space, this building sits on two lots totaling nearly half an acre. The expansive layout offers a large, open concept floor plan, perfect for a variety of uses. Currently, the basement is utilized as residential space, but the entire building is readily adaptable for either commercial or residential purposes, providing significant flexibility for the future owner. Located in the heart of downtown Cyrus, this property benefits from high visibility and convenient access to local amenities. The asking price is $139,900. The property's size and versatile nature make it an ideal investment for entrepreneurs seeking a prominent location to establish their business or for those envisioning a large-scale residential project. The ample space allows for creative design and customization to suit diverse needs. The zip code is 56323, and the property is situated in Pope County. This is a rare opportunity to acquire a substantial property in a desirable location with significant upside potential. Don't miss out on this chance to own a piece of Cyrus's vibrant downtown.

    Property Features for 118 Main St

    General Information

    Property type
    Specialty properties
    Square Feet
    4,554 SF

    HighLights

    • $139,900 asking price.
    • 4,554 square foot Special Purpose property.
    • Located at 118 Main Street, Cyrus, MN 56323.
    • Offers commercial or residential potential.
    • Situated on two lots totaling nearly half an acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Cyrus
    County
    Pope
    State
    Minnesota
    Longitude
    -95.7372686
    Latitude
    45.6148279

    Nearby Comparable

    • $3,995,000
      67,000 SF

      200 Mn-28

      Hotels • 67,000 SF
      200 Mn-28, Morris, MN 56267
      View Details
    • $215,000
      4,786 SF

      Highway 28 Commercial Building

      Morris Retail Space - High Visibility
      8 Highway 28, Morris, MN 56267
      View Details

    FAQs

    What type of property is this?
    Specialty property - Large building, two lots, versatile space.
    Where is this specialty property located?
    The property is located at 118 Main St Cyrus, MN.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: $139,900 asking price.; 4,554 square foot Special Purpose property.; Located at 118 Main Street, Cyrus, MN 56323.
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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
    118 Main St Cyrus, MN 56323
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