14663 Mercantile Dr Hugo, MN 55038
This exceptional commercial property, located at 14663 Mercantile Dr N in Hugo, Minnesota, 55038, presents a rare opportunity. The Victor Gardens South Village offers 10,250 square feet of vacant space within a larger 17,925 square foot building. The property is zoned for both traditional office and medical office uses, making it highly versatile. The building features attractive four-sided architecture, providing excellent visibility and accessibility. Ample parking is available for tenants and their clients. The location boasts well-exposed storefronts facing a main thoroughfare, ensuring high traffic and visibility. The property is situated in the charming Victor Gardens area of Hugo, Washington County, Minnesota. Property taxes are $6.35 per square foot. This multi-tenant building offers a unique chance to establish a presence in a desirable location with strong visibility and convenient access. The available space is ideal for a variety of businesses seeking a well-maintained and strategically located commercial space. The building's design and location combine to create a highly attractive environment for both businesses and their clients. This is a prime opportunity to secure a significant footprint in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.