Property summary
This exceptional retail opportunity, located within the Shoppes on Second, presents a versatile space ideal for various businesses. The property, built in 2012, offers a single-story building totaling 11,520 square feet situated on a 0.63-acre lot. Currently, 2,933 square feet of contiguous space is available for lease, with the potential to lease smaller units down to 1,425 square feet. The space was previously occupied by a hair salon, and some existing salon infrastructure remains. This presents a unique advantage for businesses in the beauty industry or those seeking a ready-made layout. The property boasts excellent visibility due to its location off 2nd Street, providing ample opportunities for prominent signage. Its strategic location near Highway 52, the downtown area, and St. Mary's Hospital ensures high traffic and accessibility. The property is zoned commercial and features a single building with multiple suites. The APN is 74.34.43.079535, located in Olmsted County. This is a rare chance to secure a well-positioned retail space in a thriving area. The adaptable layout and existing infrastructure make this an attractive option for a variety of businesses seeking a high-visibility location with convenient access to major transportation routes and key community amenities.
Property profile
VerifiedCap rate & NOI
Current use
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Cafe & Coffee Shop Take-out & Catering
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Cosmetic Store
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Credit Union
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(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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