435 Main StRice, MN 56367

Property Details for 435 Main St

Year built

1998

Property size (Sq ft)

4,200 SF

Property type

Commercial real estate

APN

15.00431.00

APU

150043100

Description

This exceptional investment opportunity presents a fully leased, 8,250-square-foot retail shopping center located at 435 E Main St, Rice, MN 56367. The property, built in 1986, sits on a 100,140-square-foot lot and boasts a prime location directly off Highway 10, ensuring high visibility and accessibility. Currently housing two tenants with a 100% occupancy rate since June 9, 2023, this multi-tenant property offers stable rental income with long-term leases in place. The center features a single, one-story building with 30 parking spaces. The asking price is $1,599,000, translating to $193.82 per square foot. The property is zoned for Business Commercial use and operates under a NNN lease structure. This is a rare opportunity to acquire a well-established, high-performing retail center in a desirable Minnesota location. The Holiday gas station, one of the tenants, has a long-term lease agreement and will continue operations. This property offers a strong return on investment with its consistent rental income and strategic location.

• Alternative Use

  Use

  Valuation

  Residential

  $883,863

  Hospitality

  $809,613

  Educational

  $673,589

  Medical

  $696,755

  Retail

  $1,047,805

Location Insight

City

Rice

County

Benton

State

Minnesota

Latitude

45.7554

Longitude

-94.2156

CBSA code

41060

CBSA name

ST. CLOUD, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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