Property profile

534 Labeaux Ave Hanover, MN 55376

OFF-MARKET
Commercial real estate
12,340 SF 7.74 ac lot Built 1977
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Year built 1977
Total area 12,340 SF
Lot 7.74 ac (337,154 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

534 Labeaux Ave Hanover, MN 55376
Hanover metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 534 Labeaux Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message