501 Main St Henderson, MN 56044-7709
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.
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HeArt of Henderson Home Decor Store Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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