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Property profile & analytics
OFF-MARKET
Mixed-use properties

804 7Th Ave Princeton, MN 55371

32,659 SF 5.07 ac lot Built 1962
Property ID
Property summary
AI-generated overview

This exceptional 5.07-acre mixed-use property in Princeton, Minnesota, presents a remarkable investment opportunity. Located at 804 7th Ave S, this prime location boasts high visibility and accessibility, situated near major businesses including Kwik Trip, Coborns, AmericInn, McDonald's, Caribou Coffee, and M Health Fairview Medical Center. The property includes two buildings totaling 32,659 square feet, constructed in 1962, and featuring two stories. Ample parking is provided with 145 spaces. The property is zoned for Business/Commercial use (R3 & B2, adjacent to B3), offering flexibility for a wide range of redevelopment possibilities. The asking price is $925,000, translating to an affordable $30 per square foot, inclusive of land. This presents a unique chance to repurpose existing structures or develop new ventures within a thriving community. The property's proximity to Princeton High School further enhances its appeal. This is an exceptional opportunity to acquire a substantial commercial property in a desirable location with significant potential for future growth and development. The existing buildings offer immediate use or redevelopment potential, while the expansive lot size allows for significant expansion or new construction. The abundant parking ensures ample space for customers and employees. This property is ready for your vision.

Property profile
Verified
Property type Mixed-use properties
Year built 1962
Total area 32,659 SF
Lot 5.07 ac (220,849 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
  • Discovery Montessori Academy High School Daycare Center
  • Christ Our Light Catholic Parish - North Church
  • MN MALES Association Or Organization
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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