110 Coffee St, Lanesboro, MN 55949
This exceptional commercial property, located at 110 Coffee Street in the charming downtown Lanesboro, Minnesota, presents a unique investment opportunity. Boasting 2,350 square feet on a 0.06-acre lot, this building benefits from its prime location in a high-traffic area, close to the scenic State Bike Trail and the Root River, ensuring high visibility and accessibility. The main floor is currently generating rental income, providing immediate return on investment. The second level offers versatile space, including two bedrooms, two dens, a pantry, a three-quarter bathroom, and a comfortable living room. Recent improvements enhance the property's appeal and functionality. The front of the building has undergone a complete renovation, while a covered deck in the rear provides an outdoor amenity. A newer roof ensures long-term protection, and a fenced area offers privacy and security. The property's proximity to recreational attractions and its adaptable layout make it suitable for a variety of commercial uses, from retail to office space, or a mixed-use development. The unlimited potential of this property makes it an attractive investment for discerning buyers seeking a strong return in a desirable location. The combination of existing rental income and the potential for future development makes this a truly compelling opportunity. This property is priced at $325,000.
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.