Property profile

824 Ctr N Ave Blooming Prairie, MN 55917

OFF-MARKET
Other specialty properties
Property ID
US46-1990345
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

The property at 824 Center Ave N is located in Blooming Prairie, Minnesota, directly on Highway 218, on a 3.22-acre site with highway frontage, paved access from blacktop roads, and 25 paved parking spaces. It is zoned B-3 General Business District, which supports a range of uses including businesses such as a shop/garage, private or charter schools, fitness and recreation centers, medical or wellness clinics, event/retreat/community centers, professional office complexes, and specialty retail. The property was renovated in 2022 and is configured as a child care campus featuring a main 10,735 sq. ft. daycare facility and an additional 8,633 sq. ft. full gym and activity center. Outdoor space includes approximately 34,000 sq. ft. of secure, fenced play areas, with each classroom having exterior/emergency access. The interior includes in-classroom bathrooms and changing areas, a commercial kitchen, a STEAM room, administrative offices, and conference rooms. The gym includes a full-size regulation basketball court. When last operated, the combined licensing capacity across the two buildings supported up to 134 students.

Property profile

Verified
Property type Other specialty properties
Use group CHARITABLE ORGANIZATION
APN 14-131-0101
UPID US46-1990345

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Event Planning
  • Daycare Center
  • Industrial Manufacturer Production Facility

Location

824 Ctr N Ave Blooming Prairie, MN 55917-1153
Blooming Prairie metro Census 960800 OWATONNA, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2011
4 recorded transactions
2017
Price N/A
2011
Price N/A
2010
$422,727
2007
$102,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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