For Sale
$925,000

7XX Rum River Dr Princeton, MN 55371

5-Acre Commercial Lot, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
132
Exceptional 5-acre commercial redevelopment opportunity in Princeton, MN, priced at $925,000. This property boasts three parcels (240330790, 240330830, and 240330820) situated in R3 and B2 zoning districts, with adjacency to B3 zoning, offering flexibility for diverse commercial uses. Conveniently located on Rum River Drive S and 7th Avenue S, it enjoys high visibility and accessibility, situated near Princeton High School and numerous established businesses including Kwik Trip, Coborns, AmericInn, McDonald's, Caribou Coffee, and M Health Fairview Medical Center. The asking price equates to $4.58 per square foot, including existing buildings, presenting an affordable redevelopment or repurposing opportunity. Currently, the property includes a church building and two leased spaces

Highlights

  • Contact the City of Princeton for zoning and business use information.
  • Property includes three parcels: 240330790, 240330830, and 240330820.
  • Currently tax-exempt (church property).
  • Includes owner-occupied space and two leased spaces; leases allow for early termination upon sale.
  • Further details available upon signing a Non-Disclosure Agreement (NDA).
  • Please schedule showings in advance; contact listing agent at 763-300-5387.

Property Details for 7XX Rum River Dr

Property type
Specialty properties, Land
Lot Size (sq. ft)
220,849 SF

Location Insight

City
Princeton
County
Mille Lacs
State
Minnesota
Latitude
45.5648043
Longitude
-93.5801576

FAQs

What type of property is this?
Specialty property - 5-Acre Commercial Lot, Prime Location
Where is the specialty property located?
The property is located at 7XX Rum River Dr Princeton, MN.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Contact the City of Princeton for zoning and business use information.; Property includes three parcels: 240330790, 240330830, and 240330820.; Currently tax-exempt (church property).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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7XX Rum River Dr
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