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Ashland Arts Building 220 S Ashland St 4,485 SF 44% Leased Retail Building Cambridge, MN 55008 $179,000 ($39.91/SF) 11.10% Cap Rate
Investment Highlights
- 4,485 sq. ft. commercial building with potential for 4 separate units
- Prime location just a short walk from Downtown Main Street and Highway 95
- Features a large studio/conference area ideal for meetings, trainings, or creative use
- Flexible layout perfect for multi-tenant income or owner-occupant use
Executive Summary
Downtown Cambridge Commercial building opportunity! Invest in Commercial Real Estate or purchase as a new location for your new or current business. This 4,485 square foot building has the possibility for 4 separate units with individual office space within each unit. Featuring a large studio/conference space, 5 bathrooms & some offices are plumbed. Conveniently located just a short walk from downtown main street & Hwy 95.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$4,872
|
$1.09
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,872
|
$1.09
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $4,872 |
| Annual Per SF | $1.09 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,872 |
| Annual Per SF | $1.09 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
4,485 SF
Building Class
C
Year Built
1948
Price
$179,000
Price Per SF
$39.91
Cap Rate
11.10%
NOI
$19,872
Percent Leased
44%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.80
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
Business/Commercial
Frontage
75’ on Ashland St S
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 222 | 2,500 SF | Retail | - | Now |
222
| Size |
| 2,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
222
| Size | 2,500 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 15.069.0730 | Total Assessment | $203,800 |
| Land Assessment | $56,300 | Annual Taxes | $4,872 ($1.09/SF) |
| Improvements Assessment | $147,500 | Tax Year | 2025 |
Property Taxes
Parcel Number
15.069.0730
Land Assessment
$56,300
Improvements Assessment
$147,500
Total Assessment
$203,800
Annual Taxes
$4,872 ($1.09/SF)
Tax Year
2025
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Ashland Arts Building | 220 S Ashland St
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