245 Main St Rice, MN 56367
- Retail space
- 4,256 SF
- 0.39 lot acres
Current Use by Public Records
- Rice Fire Department / Fire Station
- Arnies Log & Lawn / Lawn Mower Repair Service / Lawn Equipment Rental Service
Property Details for 245 Main St
- Year built
- 1956
- Lot size
- 0.39 lot acres
- Property size
- 4,256 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents two buildings totaling 4,256 square feet of retail space situated on a 0.39-acre lot at 245 E Main St, Rice, Minnesota 56367. The property, classified as Class D, boasts a 100% occupancy rate, generating a strong return on investment. Built in 1956 and renovated in 1997, the buildings offer a blend of established character and updated features. The asking price is $275,000, translating to $64.61 per square foot. Conveniently located near Highway 10, just north of St. Cloud, this property benefits from high visibility and excellent access for customers. The property has a long history of successful operation as a small engine repair and power equipment sales business, demonstrating its suitability for similar ventures or potential redevelopment. The two units provide flexibility for various business models, making this a versatile and attractive investment prospect in the thriving Rice, Minnesota market. The property's location in Benton County offers a strong foundation for continued growth and profitability. This is a rare chance to acquire a well-established, income-producing retail property in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rice
- County
- Benton
- State
- Minnesota
- Longitude
- -94.2169143
- Latitude
- 45.7538468
