611 Main St Walnut Grove, MN 56180-1136
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.
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
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.