Property profile

405 Broadway Ave Cokato, MN 55321

OFF-MARKET
Commercial real estate
Property ID
US46-1632188
18,748 SF 0.81 ac lot Built 1968
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Property summary

AI-generated overview

This expansive 18,748 square foot commercial building, situated on a 0.81-acre lot at 405 Broadway Avenue S in Cokato, Minnesota, presents a unique investment opportunity. Currently configured as a church, the property boasts a multitude of potential uses, including daycare, school, event center, or dance studio. The interior features several offices, a large sanctuary with seating for over 300 (chairs included), original stained-glass windows, and exquisite woodwork. A full kitchen, though not commercially equipped, is also present. Recent improvements include a new roof, adding to the building's overall value and longevity. The property's zoning allows for multiple tenants, making it ideal for a variety of income-generating ventures. The building is equipped with zoned heating and air conditioning systems, ensuring comfortable year-round use. The asking price for this exceptional property is $530,000. Its prime location and adaptable layout make it an attractive proposition for discerning investors seeking a versatile and well-maintained commercial space with significant upside potential. Don't miss this chance to acquire a substantial property in a thriving community.

Property profile

Verified
Property type Commercial real estate
Year built 1968
Total area 18,748 SF
Lot 0.81 ac (35,284 SF)
UPID US46-1632188

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Event Planning
  • Church
  • Church

Location

405 Broadway Ave Cokato, MN 55321
Cokato metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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