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    Specialty properties

    7XX Rum River Dr, Princeton, MN 55371

    5.07 ac lot
    Property ID
    Property summary
    AI-generated overview

    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

    Property profile
    Verified
    Property type Specialty properties
    Lot 5.07 ac (220,849 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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