Financial
Distress signals
Property profile

221 River St SW Preston, MN 55965

FOR SALE
Other industrial properties
Property ID
US46-2800023
5,300 SF Built 1935
Last sale Feb 2014
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 5,300 sq ft commercial building in Preston, Minnesota, situated on a 0.652-acre lot and zoned for Business/Commercial use. It includes a large heated shop area with two exterior doors sized approximately 12' and 16', supporting uses such as auto repair, storage, or other industrial applications. The front portion of the building has historically been configured for a workout center and includes office and retail-style space. The building has separate men’s and women’s bathrooms and features a newer metal roof replacement.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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 · 2020

What does the county charge?
$2k
Tax billed · 2020
Assessed value · 2023$81k
Assessed land$30k
Assessed improvement$51k
Effective rate1.94%

Value estimate

· Sep 2026
$320k
$288k – $352k
AI approach$300k
NOI build-up
Gross scheduled income$48k
Vacancy & credit loss−$2k
Operating expenses−$14k
NOI · 15.34% cap applied$32k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
15.34%
$32k 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.

JurisdictionFILLMORE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop10.0
Dental Office9.8
Building Supply9.5

Location

221 River St SW Preston, MN 55965
County assessor Recorded deeds · 1 transfer Comp sales · not on file 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 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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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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