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Property profile & analytics
OFF-MARKET Estimated value $360,000
Commercial real estate

501 Main St Henderson, MN 56044-7709

Individually Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US46-2632583
Property summary
AI-generated overview

This exceptional 2,850 square foot commercial building, situated on a 0.08-acre lot at 501 Main Street in the heart of Henderson, Minnesota, presents a rare investment opportunity. Listed on the Historical Register, this property boasts remarkable historical features including a unique double-level walk-in bank vault, original wooden ceiling beams in pristine condition, and stunning original 13-foot tall pocket doors and wooden blinds dating back to 1874 on the second level. The building is in excellent condition and features a robust infrastructure with two high-quality furnaces and two central air conditioners, ensuring year-round comfort and efficiency. The expansive interior offers significant potential for a variety of commercial uses, with ample space on both the main and sprawling second levels. Its prime downtown location benefits from high traffic volume generated by the town's renowned car shows and festivals, attracting a large and consistent customer base. Henderson's charming historic character and its location along a scenic byway further enhance the property's appeal and visibility. This is a must-see property for discerning investors seeking a unique and historically significant commercial space in a thriving community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 35.0195.000
UPID US46-2632583
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • HeArt of Henderson Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k
Owner & transaction history
Lisa Larry Von Lehe · 9 yrs held
Lisa Larry Von Lehe
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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