7XX Rum River Dr, Princeton, MN 55371
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
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
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.