110 Coffee St Lanesboro, MN 55949
- Retail space
- 2,500 SF
Current Use by Public Records
- Retail space
Property Details for 110 Coffee St
- Year built
- 1932
- Property size
- 2,500 SF
- Property type
- Retail space
- APN
- 19.0104.000
- APU
- 190104000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lanesboro
- County
- Fillmore
- State
- Minnesota
- Longitude
- -91.9763
- Latitude
- 43.7222
- CBSA code
- 40340
- CBSA name
- ROCHESTER, MN METROPOLITAN STATISTICAL AREA
