307 2Nd StGoodhue, MN 55027

Property Details for 307 2Nd St

Year built

1960

Property size (Sq ft)

1,882 SF

Property type

Retail properties

Property subtype

Other restaurants

APN

64.100.0340

APU

641000340

Description

This exceptional 2,044 square foot commercial property, located at 307 N 2nd Street in Goodhue, Minnesota, presents a unique opportunity for business owners. Situated on a 0.29-acre lot, this building boasts a beautifully renovated interior, completed in 2021, featuring tasteful finishes throughout. The space includes a fully updated, functional commercial kitchen, perfect for food-related businesses or those requiring substantial food preparation capabilities. Ample storage space is available, catering to a variety of business needs. A welcoming retail area provides a comfortable and inviting space for customer interaction. The exterior features a covered front porch, enhanced with both a ramp and stairs, ensuring accessibility for all patrons. This property benefits from its prime location, offering easy access to Highway 58 and the heart of downtown Goodhue, providing excellent visibility and convenient access for customers. Currently operating as a successful bakery and retail store, this building is ready for immediate occupancy and offers a thriving business environment within a vibrant community. The asking price is $415,000. This is an exceptional opportunity to acquire a turn-key commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $455,403

  6.5%

  $420,372

  7%

  $390,345

• Comparable approach

  Method

  Valuation

  Relative Method

  $242,064

  Geo Method

  $242,064

• Alternative Use

  Use

  Valuation

  Residential

  $354,600

  Hospitality

  $324,811

  Educational

  $270,239

  Medical

  $279,533

  Retail

  $420,372

Location Insight

City

Goodhue

County

Goodhue

State

Minnesota

Latitude

44.402

Longitude

-92.6248

CBSA code

39860

CBSA name

RED WING, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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