908 Main StAdams, MN 55909

Property Details for 908 Main St

Year built

1950

Lot size

0.63 AC

Property size (Sq ft)

3,310 SF

Property type

Medical offices

Property subtype

Medical centers

APN

21.018.0020

APU

210180020

Description

This exceptional 3,310 square foot office building presents a remarkable repurposing opportunity in Adams, Minnesota. Located on Highway 56/Shooting Star Scenic Byway, this well-maintained property enjoys high visibility and convenient access. The building is situated on a 0.627-acre lot, providing ample parking. Its versatile design makes it suitable for a variety of uses, including creative office space, medical offices, or traditional office settings. The asking price is $225,000, translating to $67.98 per square foot—a price point significantly below replacement cost. Its proximity to the Adams school system and downtown area adds to its appeal. The building's excellent condition and prime location make it an ideal investment for entrepreneurs, businesses, or investors seeking a profitable venture in a thriving community. This single-building property offers a unique chance to acquire a well-established space with significant potential for growth and adaptation to diverse business needs. Don't miss this chance to own a piece of Adams' vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $544,862

  6.5%

  $502,950

  7%

  $467,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $168,942

  Geo Method

  $168,942

• Alternative Use

  Use

  Valuation

  Residential

  $623,658

  Hospitality

  $571,267

  Educational

  $475,288

  Medical

  $491,634

  Retail

  $739,336

Location Insight

City

Adams

County

Mower

State

Minnesota

Latitude

43.5664

Longitude

-92.7286

CBSA code

12380

CBSA name

AUSTIN, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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