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    OFF-MARKET
    Commercial real estate

    108 Coffee St, Lanesboro, MN 55949-2607

    Individually Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US46-2676324
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 19.0081.000
    UPID US46-2676324
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Alex W Hall · 21 yrs held
    Alex W Hall
    since 2005
    1 recorded transaction
    2005
    $140,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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