Property profile

101 2Nd Ave Perham, MN 56573

OFF-MARKET
Retail properties & Spaces
45,100 SF
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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

Current use

Occupant on record · Public records
  • Apartment Building
  • Bakery Specialty Food Shop

Location

101 2Nd Ave Perham, MN 56573
Perham metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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