804 7Th Ave, Princeton, MN 55371
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
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Discovery Montessori Academy High School Daycare Center
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Christ Our Light Catholic Parish - North Church
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MN MALES Association Or Organization
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.