1st 1St St, Saint Michael, MN 55376
This exceptional retail property, located at 1st St SE in St. Michael, Minnesota, 55376, offers a single-tenant occupancy opportunity within a vibrant and rapidly developing downtown area. The building, constructed in 2024, boasts a total of 10,000 square feet, providing ample space for a variety of retail businesses. Flexible space options are available, ranging from 1,200 square feet to the entire 10,000 square feet, allowing for customization to meet specific business needs. The property benefits from its strategic location, less than a block from St. Michael's main thoroughfare, ensuring high visibility and accessibility. This prime location experiences robust traffic, with over 15,000 vehicles passing daily, providing significant exposure to potential customers. The surrounding area is experiencing substantial growth and development, further enhancing the property's value and potential. The high median and average household incomes in the immediate vicinity indicate a strong consumer base with significant purchasing power. This presents a unique opportunity for businesses seeking a thriving location within a dynamic and prosperous community. The property is classified as Commercial Retail and is ready for immediate occupancy. Contact us today to learn more about this exceptional retail space.
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.