Property profile

200 Alton Ave New Prague, MN 56071

FOR LEASE
Industrial properties
Property ID
US46-2306495
7.99 ac lot
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail space, located at 200 Alton Ave in New Prague, Minnesota, offers 1,200 square feet of versatile commercial space within the larger New Prague Commons complex. The entire building encompasses 73,415 square feet, providing ample space for potential synergy with other businesses. This single-suite property is situated in Le Sueur County, zip code 56071, offering convenient access for customers and employees alike. The property is currently available for lease and presents a fantastic opportunity for a variety of retail businesses seeking a prominent location in a thriving community. The space is ready for immediate occupancy, allowing for a quick start to operations. With its strategic location and ample square footage, this retail space is ideal for businesses looking to establish a strong presence in the New Prague market. The property's address is easily accessible and benefits from high visibility, ensuring maximum exposure for your business. This is a rare opportunity to secure a well-positioned retail space in a desirable location. The 1,200 square feet provides ample room for a variety of retail configurations, allowing for customization to suit specific business needs. Don't miss this chance to secure your place in the vibrant New Prague business community.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Lot 7.99 ac (348,044 SF)
APN 23.562.0010
UPID US46-2306495

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Pediatrician Physician
  • Pediatrician Physician
  • Gas Station
  • Pediatrician Physician

Location

200 Alton Ave New Prague, MN 56071
New Prague metro Census 950101 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$580k

Owner & transaction history

since 2012
2 recorded transactions
2012
$10.2M
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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