6041 Main StNorth Branch, MN 55056

Property Details for 6041 Main St

Year built

2002

Lot size

0.93 AC

Property size (Sq ft)

1,900 SF

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

16-00119-12

APU

160011912

Description

Midtown Commons, located at 6041 Main St, North Branch, MN 55056, presents a unique opportunity for businesses seeking established office space in a thriving commercial district. This 11,622 square foot building, constructed in 2002, features a traditional office layout spread across two stories. The property boasts 47 parking spaces, a significant advantage for employees and clients. The building's zoning is B-3, Regional Business District, reflecting its suitability for a variety of commercial uses. Internally, the space offers a versatile configuration, previously occupied as a chiropractic office. The layout includes four offices, a smaller room, two waiting areas, storage closets, and a restroom. Its convenient location on Highway 95, just east of I-35, ensures excellent accessibility and visibility. The property benefits from its position within the established Midtown Commons complex, alongside reputable businesses such as Remax Results, Sun Dental & Orthodontics, and St. Croix Hospice, creating a strong sense of community and shared clientele. This is an exceptional opportunity to establish or expand your business in a high-traffic area with ample parking and a desirable location within the Northeast submarket of North Branch.

• CAP approach

  CAP return

  Valuation

  6%

  $433,163

  6.5%

  $399,843

  7%

  $371,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $150,313

  Geo Method

  $150,313

• Alternative Use

  Use

  Valuation

  Residential

  $399,843

  Hospitality

  $366,254

  Educational

  $304,719

  Medical

  $315,198

  Retail

  $474,007

Location Insight

City

North Branch

County

Chisago

State

Minnesota

Latitude

45.5112

Longitude

-92.9863

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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