534 Labeaux Ave, Hanover, MN 55376
This exceptional 7.74-acre property at 534 Labeaux Avenue NE in Hanover, Minnesota, presents a unique investment opportunity. The offering includes four parcels, featuring a substantial 2,505 square foot home and impressive shop buildings totaling 9,835 square feet. This significant combined square footage provides ample space for a variety of uses, making it ideal for redevelopment. The property boasts high visibility due to its prime location on County Road 19, ensuring excellent exposure for any future business. The existing structures offer immediate potential for continued use or serve as a solid foundation for a new development. The property's size and location make it suitable for a wide range of commercial ventures. The existing buildings are well-maintained and offer immediate utility. The expansive acreage provides ample room for expansion or future development. This is a rare opportunity to acquire a large, well-located commercial property with significant potential. Note that an additional 14.23 acres is available for purchase separately, presenting an opportunity to expand the property significantly. The asking price for this exceptional 7.74-acre property is $2,200,000. The total building square footage is 12,340 square feet. This property is located in Hanover, Minnesota, offering a strong location for commercial development. The property's high visibility and ample space make it an attractive investment.
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.