145 S Broadway St, Spring Valley, MN 55975
For Sale
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This exceptional mixed-use property, located at 145 S Broadway Street in Spring Valley, Minnesota, presents a compelling investment opportunity. The building encompasses a substantial 3,500 square feet and is ideally situated in the heart of downtown. The commercial space is currently configured as a tavern, complete with a walk-in cooler, two bathrooms, and a recently installed forced air furnace. The interior of the bar area features attractive exposed brick walls, adding to its character and potential. Above the commercial space is a residential apartment, offering additional income potential. This apartment comprises three bedrooms and one bathroom. The property is listed at $125,000 and offers a unique blend of commercial and residential uses, making it an attractive prospect for investors seeking a versatile and established downtown location in Spring Valley, MN (zip code 55975). The property's central location within Fillmore County provides easy access to local amenities and services. This is a rare opportunity to acquire a well-maintained mixed-use building with significant upside potential. The existing tavern setup provides a solid foundation for continued operation or potential redevelopment. The residential apartment offers a stable rental income stream, further enhancing the overall return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
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.