15 1st S Ave Long Prairie, MN 56347-1452
This exceptional 2,870 square foot commercial land parcel presents a unique investment opportunity in the heart of Long Prairie, Minnesota. Located at 15 1st Avenue, this property boasts a highly desirable location, less than a block from US Highway 71, ensuring excellent visibility and accessibility. The land, which was previously improved with a duplex building constructed in 1973, offers significant potential for redevelopment or repurposing. The previous structure featured two updated and spacious units, occupied by established businesses, indicating strong tenant demand in the area. The property also includes a convenient blacktop parking lot, enhancing its appeal to potential tenants or businesses. The existing steel siding and roof on the previous structure suggest durability and longevity. The property's address is 15 1st Avenue, Long Prairie, MN 56347, situated in Todd County. With its strategic location and substantial size, this lot is ideal for a variety of commercial ventures. The asking price is $265,000, representing a compelling investment opportunity in a thriving Minnesota community. This is a blank canvas for your next commercial project. Don't miss this chance to acquire a prime piece of commercial real estate in Long Prairie.
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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
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.