302 Main StStewartville, MN 55976

  • Commercial land
  • 0.03 AC
For Sale
$475,000 View listing

Property Details for 302 Main St

Lot size
0.03 AC
Property type
Commercial land
APN
54.34.42.030168
APU
543442030168

Description

This exceptional 7,000 square foot commercial property, situated on a one-acre lot in the heart of downtown Stewartville, Minnesota, presents a remarkable investment opportunity. Located on Stewartville's highest traffic road, this building boasts prominent street exposure thanks to large windows and convenient front door parking. The versatile space is ideally suited for a variety of uses, including convenience stores, creative office spaces, or quick-service restaurants (QSR). Previously occupied by liquor and convenience stores, the property includes existing coolers and fixtures, ready for immediate use by a suitable buyer. Significant recent improvements include a complete HVAC and mechanical system upgrade in 2022, ensuring efficient and cost-effective operation. The asking price has recently been reduced, making this an even more attractive proposition. The property's address is 302 S Main St, Stewartville, MN 55976. Its prime location and recent upgrades combine to create a compelling opportunity for a business seeking high visibility and a strong foothold in a thriving community. This readily available space is perfect for an entrepreneur looking to establish a new venture or an existing business seeking expansion. Don't miss this chance to acquire a well-maintained, high-traffic commercial property in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $279,045
    Hospitality
    $255,603
    Educational
    $212,659
    Medical
    $219,973
    Retail
    $330,803

Location Insight

City
Stewartville
County
Olmsted
State
Minnesota
Latitude
43.853
Longitude
-92.4882
CBSA code
40340
CBSA name
ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$444
$4,500
-
$4,500
-
$4,500
-
$4,500

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