Property summary
This exceptional 8,229 square foot retail building is ideally situated in the heart of Glencoe, Minnesota, directly on State Highway 22. Built in 1980, this sturdy concrete structure offers two existing units, presenting a versatile opportunity for a variety of retail or service businesses. The property boasts convenient on-street parking and approximately five additional off-street parking stalls located at the rear. A significant advantage for any prospective buyer is the inclusion of a brand-new roof as part of the sale, eliminating a major capital expenditure. The building also features a loading dock at the rear, enhancing operational efficiency. This prime location offers excellent visibility and accessibility, making it an attractive investment for entrepreneurs seeking a well-established space in a thriving community. The asking price for this substantial property is $349,000. Don't miss this chance to own a piece of Glencoe's vibrant commercial landscape.
Property profile
VerifiedCap rate & NOI
Current use
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Horse Boarding Stable
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Publishing House Newspaper & Magazine
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Publishing House Newspaper & Magazine
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Newspaper & Magazine Television Studio
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Advertising Agency Marketing & Advertising
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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