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127 Central Ave 7,068 SF 100% Leased Office Building Long Prairie, MN 56347 $275,000 ($38.91/SF) 8.80% Cap Rate
Investment Highlights
- Over 100 parking spots with Street Parking.
- First-floor non-profit tenant and multiple efficiency apartment units upstairs
- Located in downtown Long Prairie with excellent visibility and accessibility.
- Strong main street presence with nearby parking and community amenities
Executive Summary
PRIME INVESTMENT OPPORTUNITY!
Well-Maintained Multi-Use Building with strong rental history. Property has 11-Spacious Rental Rooms on upper levels and main floor level Rented to a Non-Profit Organization. The property is located in the Vibrant Downtown of Long Praire, Mn which is also the County Seat. An excellent opportunity for investors seeking consistent cash flow.
Well-Maintained Multi-Use Building with strong rental history. Property has 11-Spacious Rental Rooms on upper levels and main floor level Rented to a Non-Profit Organization. The property is located in the Vibrant Downtown of Long Praire, Mn which is also the County Seat. An excellent opportunity for investors seeking consistent cash flow.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
7,068 SF
Building Class
C
Year Built/Renovated
1930/2024
Price
$275,000
Price Per SF
$38.91
Cap Rate
8.80%
NOI
$24,212
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,356 SF
Building FAR
1.08
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
110 Spaces (15.56 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 36-0032500 | Improvements Assessment | $140,600 |
| Land Assessment | $8,800 | Total Assessment | $149,400 |
Property Taxes
Parcel Number
36-0032500
Land Assessment
$8,800
Improvements Assessment
$140,600
Total Assessment
$149,400
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127 Central Ave
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