118 Main St, Sherburn, MN 56171
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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.