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    OFF-MARKET
    Office buildings

    1408 Northstar Dr, Zumbrota, MN 55992-1091

    1,834 SF 0.88 ac lot Built 1976
    Individually Owned 11-yr Hold Absentee Owner Free & Clear
    Property ID
    US46-1176282
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1408 Northstar Drive in Zumbrota, Minnesota, presents a fantastic opportunity for a variety of businesses. Boasting a generous 1,834 square feet of space, this building sits on a sizable 0.88-acre lot, offering ample room for expansion, outdoor storage, or additional development. The property's address in Zumbrota provides excellent visibility and accessibility, making it an ideal location for attracting customers. The building's interior layout is adaptable and can be configured to suit diverse business needs. The asking price of $274,900 represents a compelling value for a property of this size and location in the thriving Zumbrota market. This is a rare opportunity to acquire a well-situated commercial property with significant potential for growth and return on investment. The property's size and location make it suitable for a wide range of commercial uses, from retail and office space to light industrial operations. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy, allowing for a quick start to your business operations. Don't miss this chance to secure a prime commercial space in a desirable location. Further details and viewing arrangements can be easily facilitated.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1976
    Total area 1,834 SF
    Lot 0.88 ac (38,333 SF)
    APN 72.700.0500
    UPID US46-1176282
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Leon Decook · 11 yrs held
    Leon Decook
    since 2015
    2 recorded transactions
    2021
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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