101 2Nd Ave, Perham, MN 56573
JP Place presents a remarkable opportunity for businesses seeking a prominent presence in the vibrant downtown Perham, Minnesota. This newly constructed mixed-use building offers 45,100 square feet of prime retail space, ideally situated at 101 2nd Avenue Southeast, zip code 56573, in Otter Tail County. The property boasts a strategic location within the bustling heart of Perham, ensuring high visibility and accessibility for customers. Potential tenants have the flexibility to either lease or purchase this exceptional commercial space, catering to diverse business needs and investment strategies. The building's modern design and construction ensure a high-quality environment for any business. With its expansive square footage, JP Place offers ample room for a variety of retail concepts, from flagship stores to multi-tenant configurations. The property's location in the center of Perham's commercial district guarantees significant foot traffic and exposure to a thriving local community. This is an exceptional opportunity to establish or expand a retail business in a dynamic and growing market. The asking price per square foot is $200. Serious inquiries are encouraged to explore the possibilities of owning or leasing this exceptional retail space.
-
JP Place Apartment Building
-
Bongards Creameries - Perham Retail Store Bakery Specialty Food Shop
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.