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    OFF-MARKET
    Specialty properties

    804 7Th Ave, Princeton, MN 55371

    32,659 SF 5.07 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5.07-acre commercial property in Princeton, Minnesota, presents a unique redevelopment opportunity. Currently housing a former church building totaling 32,659 square feet, this versatile space offers immense potential for a variety of commercial uses. Located at 804 7th Avenue S, the property enjoys high visibility and accessibility, situated just a block from Princeton High School and surrounded by established businesses including Kwik Trip, Coborns, AmericInn, McDonald's, Caribou Coffee, and M Health Fairview Medical Center. The property benefits from its location within the R3 and B2 zoning districts, with adjacency to the B3 district, allowing for flexibility in future development plans. The asking price of $925,000 represents an attractive $30 per square foot cost, inclusive of the land. The existing structure provides a substantial footprint for repurposing or redevelopment, while the ample 5-acre lot offers significant expansion possibilities. Note that the property includes approximately 145 parking spaces

    Property profile
    Verified
    Property type Specialty properties
    Total area 32,659 SF
    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
    Current use
    Occupant on record · Public records
    • Discovery Montessori Academy High School Daycare Center
    • Christ Our Light Catholic Parish - North Church
    • MN MALES Association Or Organization
    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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