137 Brg E Ave Delano, MN 55328
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.
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.