137 Bridge AveDelano, MN 55328

Property Details for 137 Bridge Ave

Year built

1902

Construction

STEEL FRAME

Lot size

0.05 AC

Property size (Sq ft)

4,500 SF

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

107-010-008143

APU

107010008143

Description

This exceptional mixed-use property, located at 137 Bridge Avenue East in the thriving downtown Delano, Minnesota, offers 4,500 square feet on a 0.1-acre lot. The main level currently houses a rented retail space known as "The Refoundry," boasting attractive features such as a prominent window display, original tin ceilings, and hardwood floors. Upstairs, a one-plus bedroom apartment provides additional income potential or owner-occupancy options. The apartment features newer windows, though updating and remodeling are recommended to realize its full potential. The versatility of this building presents a multitude of possibilities for the discerning investor or business owner. Envision office suites, expanded retail space, or a unique blend of commercial and residential uses. This property represents a significant opportunity to establish a presence in the growing Delano market. A separate block storage unit located behind the main building is also available for purchase under a different MLS number. This presents a unique opportunity to acquire additional storage space or expand the overall functionality of the property. The asking price for the main building is $399,900. This is a rare chance to own a piece of Delano's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,004,094

  6.5%

  $926,856

  7%

  $860,652

• Comparable approach

  Method

  Valuation

  Relative Method

  $356,004

  Geo Method

  $356,004

• Alternative Use

  Use

  Valuation

  Residential

  $926,856

  Hospitality

  $848,995

  Educational

  $706,354

  Medical

  $730,647

  Retail

  $1,098,773

Location Insight

City

Delano

County

Wright

State

Minnesota

Latitude

45.0417

Longitude

-93.7882

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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