Property summary
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
VerifiedCap rate & NOI
Current use
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High School Daycare Center
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Church
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Association Or Organization
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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