Technical
Financial
Distress signals
Property profile

346 Main N St Renville, MN 56284

OFF-MARKET
Office Spaces
Property ID
US46-2781539
0.06 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 346 Main Street North in Renville, Minnesota, presents a unique investment opportunity. Situated on a desirable corner lot (.07 acres) in the heart of downtown, this 2,795 square foot building boasts three separate units, each offering versatile usage potential. One unit features a beautifully updated retail space complete with a fitting room, a large bathroom, and a full basement providing ample storage or additional space. The other two units are configured as office spaces, each with its own private bathroom and separate entrance, ideal for individual businesses or shared occupancy. Recent upgrades significantly enhance the property's value and efficiency. These include a new rubber roof installed in 2023, a new boiler system (2017), a new water heater (2019), and the installation of energy-efficient north-facing windows and LED lighting throughout. The building's charming exterior, highlighted by attractive stonework and marble accents around the entrance, creates a strong visual appeal. This property's prime location, combined with its updated features and flexible layout, makes it an ideal investment for a variety of commercial ventures. The asking price is $119,000.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Lot 0.06 ac (2,815 SF)
APN 36-00845-00
UPID US46-2781539

Cap rate & NOI

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

Location

346 Main N St Renville, MN 56284
Renville metro Census 790400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

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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