Financial
Distress signals
Property profile

311 Water St Jordan, MN 55352

FOR LEASE
Other commercial real estate
Property ID
US46-0217651
7,200 SF 0.2 ac lot Built 1920
Last sale Feb 2014 · $80,000
Individually Owned Owner of record is an individual. 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 7,200-square-foot single-tenant industrial/retail building built in 1920 and renovated in 2023, configured with a flexible warehouse and office layout for service and light manufacturing activities. The building offers 14-foot clear height and includes two drive-in doors for loading and operational access, with space designed to combine functional storage and administrative workspace. The property is located at 311 Water St in Jordan, Minnesota, on a 0.20-acre site, and is positioned to…

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?
$9k
Tax billed · 2024
Assessed value$283k
Assessed land$58k
Assessed improvement$226k
Effective rate3.01%

Value estimate

· Sep 2026
$275k
$248k – $303k
AI approach$275k
NOI build-up
Gross scheduled income$117k
Vacancy & credit loss−$5k
Operating expenses−$34k
NOI · 1,325,745.76% cap applied$78k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$105/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$68 – $143
Qualifying comparables11

Cap rate analysis

How does the asset earn?
1,325,745.76%
$78k 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.

JurisdictionSCOTT

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office13.3
Law Firm12.1
Realty agency12.1

Location

311 Water St Jordan, MN 55352
County assessor Recorded deeds · 3 transfers 11 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
238 Water, Jordan, MN 55352-1653 $115,000 Feb 2025 6,643 SF
116 2nd E, Jordan, MN 55352-1408 $375,000 Dec 2022 4,435 SF
3315 166th, Jordan, MN 55352-9376 $1,470,000 Jun 2022 12,150 SF
116 Broadway S, Jordan, MN 55352-1506 $1,600,000 Apr 2022 3,779 SF
221 1st E, Jordan, MN 55352-1503 $687,500 Nov 2021 10,200 SF
113 1st E, Jordan, MN 55352-1501 $388,976 Dec 2019 3,900 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?”
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