515 Shr Dr Worthington, MN 56187-1438
This exceptional commercial property, situated at 515 S Shore Drive in Worthington, Minnesota, presents a unique investment opportunity. Boasting 1,820 square feet on a 0.14-acre lot, this two-unit building is ideally located in the heart of downtown Worthington, directly across from the picturesque Lake Okabena. The property underwent a complete exterior renovation in July 2024, featuring brand new, low-maintenance decking, a durable steel roof, and attractive hardboard siding. This ensures minimal upkeep and long-term value. The single-level interior layout offers versatile space, perfectly suited for a variety of commercial uses. Imagine establishing an office space, a charming boutique, a stylish hair salon, or any other business that would thrive in this high-traffic area. The convenient location provides easy access to Lake Okabena, a significant draw for both residents and visitors, further enhancing the property's appeal and potential for success. This is a rare chance to acquire a meticulously maintained, well-positioned commercial property in a vibrant and desirable location. The asking price is $357,900. Don't miss this opportunity to own a piece of Worthington's thriving downtown.
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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
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.