Property profile

118 Main St Sherburn, MN 56171

OFF-MARKET
Commercial real estate
Property ID
US46-2364348
2,100 SF 0.1 ac lot Built 1894
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 118 N Main Street in the heart of Sherburn, Minnesota, presents a unique investment opportunity. Boasting a desirable Main Street address within the business district, this property offers significant potential for a variety of commercial ventures. The building's size is 1 square foot, presenting a unique opportunity for a small business or as a potential building lot. A key advantage is the recently installed newer roof, eliminating immediate roof replacement costs and ensuring long-term structural integrity. The property is situated on a 0-acre lot, providing ample space for potential expansion or outdoor activities depending on the intended use. The asking price is $5,000, making this an attractive proposition for savvy investors seeking a foothold in a thriving business community. Given its prime location and the recent roof installation, this property is poised for immediate occupancy and offers a blank canvas for creative commercial development. Serious inquiries are encouraged to explore the full potential of this exceptional offering. The property's compact size and strategic location make it ideal for a variety of uses, from a small retail space to a service-based business. Don't miss this chance to acquire a piece of Sherburn's vibrant commercial landscape.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1894
Construction FRAME
Total area 2,100 SF
Lot 0.1 ac (4,182 SF)
APN 38.060.0490
UPID US46-2364348

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

118 Main St Sherburn, MN 56171
Sherburn metro Census 790300 FAIRMONT, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$55k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

Owner & transaction history

since 2025
Last sale
$5,000
2 recorded transactions
2025
$5,000
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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