Property profile

302 Main S St Stewartville, MN 55976

OFF-MARKET
Commercial land
Property ID
US46-1360147
0.03 ac lot
Individually Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,000 square foot commercial property, situated on a one-acre lot in the heart of downtown Stewartville, Minnesota, presents a remarkable investment opportunity. Located on Stewartville's highest traffic road, this building boasts prominent street exposure thanks to large windows and convenient front door parking. The versatile space is ideally suited for a variety of uses, including convenience stores, creative office spaces, or quick-service restaurants (QSR). Previously occupied by liquor and convenience stores, the property includes existing coolers and fixtures, ready for immediate use by a suitable buyer. Significant recent improvements include a complete HVAC and mechanical system upgrade in 2022, ensuring efficient and cost-effective operation. The asking price has recently been reduced, making this an even more attractive proposition. The property's address is 302 S Main St, Stewartville, MN 55976. Its prime location and recent upgrades combine to create a compelling opportunity for a business seeking high visibility and a strong foothold in a thriving community. This readily available space is perfect for an entrepreneur looking to establish a new venture or an existing business seeking expansion. Don't miss this chance to acquire a well-maintained, high-traffic commercial property in a desirable location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.03 ac (1,481 SF)
APN 54.34.42.030168
UPID US46-1360147

Cap rate & NOI

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

Location

302 Main S St Stewartville, MN 55976-1364
Stewartville metro Census 2100 ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2014
3 recorded transactions
2014
Price N/A
2010
$295,000
2006
$425,000

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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