1408 Northstar DrZumbrota, MN 55992

Property Details for 1408 Northstar Dr

Year built

1976

Lot size

0.88 AC

Property size (Sq ft)

1,834 SF

Property type

Office buildings

APN

72.700.0500

APU

727000500

Description

This exceptional commercial property, located at 1408 Northstar Drive in Zumbrota, Minnesota, presents a fantastic opportunity for a variety of businesses. Boasting a generous 1,834 square feet of space, this building sits on a sizable 0.88-acre lot, offering ample room for expansion, outdoor storage, or additional development. The property's address in Zumbrota provides excellent visibility and accessibility, making it an ideal location for attracting customers. The building's interior layout is adaptable and can be configured to suit diverse business needs. The asking price of $274,900 represents a compelling value for a property of this size and location in the thriving Zumbrota market. This is a rare opportunity to acquire a well-situated commercial property with significant potential for growth and return on investment. The property's size and location make it suitable for a wide range of commercial uses, from retail and office space to light industrial operations. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy, allowing for a quick start to your business operations. Don't miss this chance to secure a prime commercial space in a desirable location. Further details and viewing arrangements can be easily facilitated.

• CAP approach

  CAP return

  Valuation

  6%

  $301,897

  6.5%

  $278,674

  7%

  $258,769

• Comparable approach

  Method

  Valuation

  Relative Method

  $93,607

  Geo Method

  $93,607

• Alternative Use

  Use

  Valuation

  Residential

  $345,556

  Hospitality

  $316,527

  Educational

  $263,347

  Medical

  $272,404

  Retail

  $409,650

Location Insight

City

Zumbrota

County

Goodhue

State

Minnesota

Latitude

44.3037

Longitude

-92.6862

CBSA code

39860

CBSA name

RED WING, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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