108 Coffee St, Lanesboro, MN 55949-2607
This expansive 2,400 square foot commercial building presents a unique investment opportunity in the charming town of Lanesboro, Minnesota. Situated on a 0.06-acre lot on a high-traffic street, this property enjoys excellent visibility and accessibility. Its strategic location near the State Bike Trail and Root River provides significant potential for attracting customers and tourists. The building's versatile layout includes a spacious open area currently used for pool tables, offering ample room for customization to suit a variety of commercial uses. A built-in bar area adds further potential for a restaurant or bar concept. A rear shop provides additional space for storage, workshop, or expansion. A loft area is ideal for office space, providing a separate area for administrative functions or private offices. The possibilities are truly endless, making this property suitable for retail, restaurant, bar, or office uses. The building is being sold separately and is priced at $325,000. This is a rare opportunity to acquire a substantial commercial property in a desirable location with high growth potential. The building's size and layout offer flexibility for a wide range of businesses, making it an attractive investment for entrepreneurs and business owners alike. Don't miss this chance to own a piece of Lanesboro's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
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.