224 Main StZumbrota, MN 55992

Property Details for 224 Main St

Year built

1940

Property size (Sq ft)

4,692 SF

Property type

Retail properties

Property subtype

Retail space

APN

72.100.1330

APU

721001330

Description

This exceptional commercial property at 224 S Main St, Zumbrota, MN 55992, offers a unique opportunity to lease retail or office space in a high-traffic downtown location. The building, constructed in 1940, boasts a total of 4,692 square feet across two stories and comprises multiple units suitable for a variety of businesses. One street-level unit offers approximately 1,056 square feet, including a small kitchenette, while another street-level space provides approximately 460 square feet with excellent window visibility. A third, larger space (approximately 3,500 square feet) is available in the lower level, ideal for light manufacturing, storage, or industrial uses, featuring a dedicated garage door. This property sits on a busy intersection, ensuring high visibility and accessibility for your business. The versatile spaces are perfect for professional, retail, or office businesses seeking a prominent location in the heart of Zumbrota. The building's prime location and multiple unit options provide flexibility for various business needs and sizes. This is an excellent opportunity to establish or expand your business in a thriving community. The property's history adds character, while its modern adaptability ensures it meets the needs of today's businesses. Don't miss this chance to secure a space in this desirable downtown Zumbrota location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,135,362

  6.5%

  $1,048,026

  7%

  $973,167

• Comparable approach

  Method

  Valuation

  Relative Method

  $603,489

  Geo Method

  $603,489

• Alternative Use

  Use

  Valuation

  Residential

  $884,049

  Hospitality

  $809,784

  Educational

  $673,731

  Medical

  $696,902

  Retail

  $1,048,026

Location Insight

City

Zumbrota

County

Goodhue

State

Minnesota

Latitude

44.2948

Longitude

-92.6695

CBSA code

39860

CBSA name

RED WING, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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