118 Main StSherburn, MN 56171

  • Commercial real estate
  • 2,100 SF
For Sale
$5,000 View listing

Property Details for 118 Main St

Year built
1894
Construction
FRAME
Lot size
0.10 AC
Property size (Sq ft)
2,100 SF
Property type
Commercial real estate
APN
38.060.0490
APU
380600490

Description

This exceptional commercial property, located at 118 N Main Street in the heart of Sherburn, Minnesota, presents a unique investment opportunity. Boasting a desirable Main Street address within the business district, this property offers significant potential for a variety of commercial ventures. The building's size is 1 square foot, presenting a unique opportunity for a small business or as a potential building lot. A key advantage is the recently installed newer roof, eliminating immediate roof replacement costs and ensuring long-term structural integrity. The property is situated on a 0-acre lot, providing ample space for potential expansion or outdoor activities depending on the intended use. The asking price is $5,000, making this an attractive proposition for savvy investors seeking a foothold in a thriving business community. Given its prime location and the recent roof installation, this property is poised for immediate occupancy and offers a blank canvas for creative commercial development. Serious inquiries are encouraged to explore the full potential of this exceptional offering. The property's compact size and strategic location make it ideal for a variety of uses, from a small retail space to a service-based business. Don't miss this chance to acquire a piece of Sherburn's vibrant commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $395,674
    Hospitality
    $362,435
    Educational
    $301,542
    Medical
    $311,913
    Retail
    $469,065

Location Insight

City
Sherburn
County
Martin
State
Minnesota
Latitude
43.6542
Longitude
-94.7272
CBSA code
21860
CBSA name
FAIRMONT, MN MICROPOLITAN 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
2022
$23
$600
$1,200
$1,800
-
$600
$1,200
$1,800

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].