Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2Nd St Zimmerman, MN 55398

    • Lifestyle centers
    • 0.78 lot acres
    For Sale
    View listing
    $110,425
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 2Nd St

    Lot size
    0.78 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 0.78-acre commercial lot, located in Zimmerman, Minnesota (APN 95-469-0110), presents a unique investment opportunity. Priced at $110,425 ($3.25/sq ft), this C-2 zoned property boasts unparalleled visibility to over 32,000 vehicles daily, situated conveniently off US Highway 169 and Fremont Avenue Northwest with convenient two-turn access from both roads. The lot is ideally positioned adjacent to a thriving shopping center anchored by Z Market Grocery, and complemented by Warzecha Autoparts and Royal Performance Company Dance Studio. The area is experiencing significant growth, with new luxury apartments within walking distance, ensuring a strong customer base. Completed site plans allow for a 4,692 square foot building. This high-traffic location, combined with its proximity to established retail and residential developments, makes this lot an ideal site for a variety of commercial ventures. The property's strategic location and zoning make it a compelling investment in a rapidly developing community. Seize this opportunity to establish your business in a vibrant and growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Zimmerman
    County
    Sherburne
    State
    Minnesota
    Longitude
    -93.5871
    Latitude
    45.4433

    Comparable in this City

    • Value Estimation by Request
      1.61 Acres

      2Nd St

      Lifestyle centers • 1.61 Acres
      0 2Nd St, Zimmerman, MN 55398
      View Details
    • Value Estimation by Request
      15,506 SF

      25945 Gateway Dr

      Individual retail properties • 15,506 SF
      25945 Gateway Dr, Zimmerman, MN 55398
      View Details
    • Value Estimation by Request
      22.42 Acres

      Zimmerman, MN 55398

      MOBILE HOME PARK, TRAILER PARK • 22.42 Acres
      Zimmerman, MN 55398
      View Details
    • Value Estimation by Request
      250 SF

      26131 3rd E St

      APARTMENT HOUSE (5+ UNITS) • 250 SF
      26131 3rd E St, Zimmerman, MN 55398-9397
      View Details
    • Value Estimation
      $1,320,000
      11,400 SF

      26025 3rd E St

      COMMERCIAL (GENERAL) • 11,400 SF
      26025 3rd E St, Zimmerman, MN 55398-5302
      View Details
    • Value Estimation by Request
      792 SF

      12625 Fremont Ave

      COMMERCIAL (GENERAL) • 792 SF
      12625 Fremont Ave, Zimmerman, MN 55398-9735
      View Details

    Similar Nearby for Sale

    • $110,425
      0.78 Acres

      Zimmerman Commercial Lot

      Prime Retail Land, High Visibility
      0 2Nd St, Zimmerman, MN 55398
      View Details
    • $298,061
      1.61 Acres

      Northridge Center Commercial Lots

      Zimmerman, MN Retail & Residential Opportunity
      0 2Nd St, Zimmerman, MN 55398
      View Details
    • Contact for pricing
      15,506 SF

      Retail Investment Opportunity in Zimmerman

      NNN property with corporate tenants and highway visibility.
      25945 Gateway Dr, Zimmerman, MN 55398
      View Details
    • $1,300,000
      554 SF

      Caribou Coffee Investment Opportunity

      Prime MN QSR, 8+ Years Remaining
      12495 5Th Ave, Zimmerman, MN 55398
      View Details
    • Contact for pricing
      1,709 SF

      New Move-In Ready Townhome

      New 4-bedroom, 3-bath end-unit townhome with open layout.
      25561 3Rd St W, Zimmerman, MN 55398
      View Details
    • $109,900
      0.60 Acres

      Residential Land in Baldwin Twp

      Residential lots available in high-end custom home community.
      L1 288Th Ave NW, Zimmerman, MN 55398
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      396,000 SF

      Industrial Land in Sherburne County

      Industrial land for lease in a growing, family-oriented community.
      25695 128Th St NW, Zimmerman, MN 55398
      View Details
    • Contact for pricing

      Industrial Land For Lease

      Industrial land for lease, 40 miles from Twin Cities.
      Zimmerman, MN 55398
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2Nd St
    Zimmerman, MN 55398
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.