111 Division E St Buffalo, MN 55313-1524
This exceptional mixed-use property, located at 111 Division St E in Buffalo, Minnesota, presents a compelling redevelopment opportunity. The property boasts a substantial lot size of 18,986 square feet, encompassing a 7,962 square foot building currently zoned B-5. This prime location in downtown Buffalo offers excellent visibility and accessibility, situated conveniently near Highways 25 and 55. The property's strategic placement ensures proximity to a variety of shops and stores, catering to a thriving local market. Ample parking is readily available through nearby municipal lots. The asking price is $400,000, translating to $50.24 per square foot. 2021 property taxes amounted to $8,260.00. The Parcel Identification Number (PID) is 103-010-065032. This versatile property is ideal for investors seeking to capitalize on the vibrant downtown Buffalo area and create a significant return on investment. The substantial lot size and existing building provide a solid foundation for a variety of development projects.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.