1508 7th N St, Princeton, MN 55371-2404

This exceptional commercial property in Princeton, MN, presents a lucrative investment opportunity. Situated on a one-acre lot at the northeast corner of Highways 95/169, directly across from a Walmart, this high-traffic location boasts over 15,000 vehicles passing daily. The 3,248 square foot building offers a versatile layout, currently configured for multiple tenants. The main level comprises 1,135 square feet of shop space and 701 square feet of office space, complemented by two separate bathrooms for customer and employee use. A fully furnished, 944 square foot apartment with appliances and washer/dryer is located in the upstairs mezzanine. The building's design allows for the potential creation of two additional rental suites with independent outside entry. Currently, several tenants occupy the space under month-to-month agreements. The property includes two adjacent parcels with distinct parcel identification numbers. This well-established business, formerly a car dealership, has demonstrated consistent annual revenue growth, achieving its highest revenue year in 2023, selling 300-400 units annually. Recent upgrades include a new AC/furnace and roof. This property offers a blend of established income and significant future development potential, making it an ideal investment for discerning buyers.