Financial
Distress signals
Property profile

214 N 2Nd Ave Virginia, MN 55792

FOR SALE
Other commercial real estate
Property ID
US46-1510774
7,500 SF Built 1938
Last sale Apr 2005 · $119,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This downtown Virginia multi-story masonry building is a solid brick former furniture building comprising four floors and approximately 11,014 square feet of total interior space. The property is configured to support multiple uses, including potential retail, office, or residential conversion, depending on permitted design and zoning requirements. A separate garage/storage building on the site provides additional accessory space. The site is located in the downtown area of Virginia, within a pedestrian-oriented commercial district context.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value · 2022$90k
Assessed land$5k
Assessed improvement$85k
Effective rate2.93%

Value estimate

· Sep 2026
$135k
$122k – $149k
AI approach$165k
NOI build-up
Gross scheduled income$165k
Vacancy & credit loss−$17k
Operating expenses−$45k
NOI · 26.02% cap applied$104k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$51/SF
ZIP average, outlier-cleaned · 54 recorded sales of this use type
Observed band · Q1–Q3$20 – $102
Qualifying comparables7

Cap rate analysis

How does the asset earn?
26.02%
$104k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionST LOUIS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.0
HVAC Service10.7
Parking Facility9.8

Location

214 N 2Nd Ave Virginia, MN 55792
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
403 1st N, Virginia, MN 55792-2553 $40,000 Dec 2024 6,616 SF
314 Chestnut, Virginia, MN 55792-2524 $40,000 Oct 2024 5,000 SF
6950 Hwy 169, Virginia, MN 55792-8040 $350,000 Feb 2024 10,620 SF
705 6th, Virginia, MN 55792-2306 $1,500,000 Feb 2024 7,165 SF
421 1st N, Virginia, MN 55792-2517 $150,000 Jan 2024 6,000 SF
411 1st N, Virginia, MN 55792-2517 $150,000 Jan 2024 5,456 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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