405 Broadway Ave, Cokato, MN 55321
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.