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    OFF-MARKET
    Retail properties & Spaces

    101 2Nd Ave, Perham, MN 56573

    45,100 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 45,100 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
    • JP Place Apartment Building
    • Bongards Creameries - Perham Retail Store Bakery Specialty Food Shop
    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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