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Property profile & analytics
OFF-MARKET
Retail residential properties

137 Brg E Ave Delano, MN 55328

4,500 SF 0.05 ac lot Built 1902
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US46-0865510
Property summary
AI-generated overview

This exceptional mixed-use property, located at 137 Bridge Avenue East in the thriving downtown Delano, Minnesota, offers 4,500 square feet on a 0.1-acre lot. The main level currently houses a rented retail space known as "The Refoundry," boasting attractive features such as a prominent window display, original tin ceilings, and hardwood floors. Upstairs, a one-plus bedroom apartment provides additional income potential or owner-occupancy options. The apartment features newer windows, though updating and remodeling are recommended to realize its full potential. The versatility of this building presents a multitude of possibilities for the discerning investor or business owner. Envision office suites, expanded retail space, or a unique blend of commercial and residential uses. This property represents a significant opportunity to establish a presence in the growing Delano market. A separate block storage unit located behind the main building is also available for purchase under a different MLS number. This presents a unique opportunity to acquire additional storage space or expand the overall functionality of the property. The asking price for the main building is $399,900. This is a rare chance to own a piece of Delano's vibrant commercial landscape.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1902
Construction STEEL FRAME
Total area 4,500 SF
Lot 0.05 ac (2,004 SF)
APN 107-010-008143
UPID US46-0865510
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Tqp LLC
Tqp LLC
since 2025
Last sale
$105,000
7 recorded transactions
2025
Price N/A
2025
$290,000
2024
Price N/A
2019
Price N/A
2016
$42,500
2016
Price N/A
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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