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Property profile & analytics
OFF-MARKET
Commercial real estate

611 Main St Walnut Grove, MN 56180-1136

1,500 SF Built 1903
Individually Owned Absentee Owner Free & Clear
Property ID
US46-2273674
Property summary
AI-generated overview

This exceptional mixed-use property in Walnut Grove, Minnesota, presents a unique investment opportunity. Located at 611 Main St, this 4,500 square foot building, constructed in 1903, sits on a 0.08-acre lot and boasts a desirable commercial zoning. The property features two units: a 3,000 square foot commercial space and a 1,500 square foot residential apartment. The commercial space is ideal for retail, office, or light manufacturing uses, with convenient access to Main Street. The main floor includes a restroom and laundry room with a janitor's sink. The apartment offers three bedrooms, a living room, kitchen, dining room, and a back entry room, providing additional income potential or owner occupancy. Four parking spaces are available in a large gravel lot at the rear of the building. The asking price is $65,000, representing a price per square foot of $14.44 for the rentable space. The property's APN is 94-200-1320. This is a for sale by owner opportunity. Don't miss this chance to acquire a versatile and profitable property in a thriving Minnesota community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1903
Total area 1,500 SF
APN 94-200-1320
UPID US46-2273674
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
JOEL MCKINNEY
JOEL MCKINNEY
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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