Property profile

403 1ST ST Lyle, MN 55953

OFF-MARKET
Financial Building
Property ID
US46-2072782
2,217 SF 0.09 ac lot Built 1916
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Property summary

AI-generated overview

The property is a commercial building in Lyle, Minnesota, built circa 1916, with approximately 2,200+ square feet of interior space and a flexible layout that can support a range of business uses. The building sits on a 4,095 square foot lot in Mower County near local schools, businesses, and community amenities. It retains period features and solid construction elements, including original safe doors, and is suited for office, retail, or other commercial purposes with potential for owner-user use depending on occupancy. The property is positioned along a roadway with approximately 2,500 AADT (annual average daily traffic).

Property profile

Verified
Property type Financial Building
Year built 1916
Total area 2,217 SF
Lot 0.09 ac (4,095 SF)
APN 27.001.0830
UPID US46-2072782

Cap rate & NOI

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

Location

403 1ST ST Lyle, MN 55953
Lyle metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2022
Last sale
$24,000
1 recorded transaction
2022
$24,000
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