Property summary
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
VerifiedCap rate & NOI
Current use
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Apartment Building
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Bakery Specialty Food Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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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
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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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