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Conways Commercial Center 251-257 Main St N 8,460 SF 50% Leased Retail Building Chatfield, MN 55923 $950,000 ($112.29/SF)
INVESTMENT HIGHLIGHTS
- General retail building on Main Street
- Strong visibility and walkable business district location
- Stable partial occupancy with income in place
- Attractive opportunity for owner-users or investors seeking upside
EXECUTIVE SUMMARY
This general retail asset offers a solid income stream with a tenant occupying half of the building and generating $5,000 per month in gross rent. With $60,000 in annual income already in place, the property provides an immediate return and reduced leasing risk. Its Main Street frontage enhances long-term demand and supports stable occupancy. This makes the property a strong opportunity for investors seeking dependable cash flow and value in a small-market commercial corridor.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$60,000
|
$7.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$60,000
|
$7.09
|
| Taxes |
$11,210
|
$1.33
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$11,210
|
$1.33
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $7.09 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $7.09 |
| Taxes | |
|---|---|
| Annual | $11,210 |
| Annual Per SF | $1.33 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $11,210 |
| Annual Per SF | $1.33 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,460 SF
Building Class
C
Year Built
2004
Price
$950,000
Price Per SF
$112.29
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.97 AC
Zoning
B-2 Neighborhood Comm. - B-2 Neighborhood Commercial
Parking
30 Spaces (3.55 Spaces per 1,000 SF Leased)
Frontage
155’ on Main St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- 52 Bottle Shop
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| 52 Bottle Shop | Retailer | - | - | - |
PROPERTY TAXES
| Parcel Number | 51.31.34.072649 | Total Assessment | $637,900 (2024) |
| Land Assessment | $127,300 (2024) | Annual Taxes | $11,210 ($1.33/SF) |
| Improvements Assessment | $510,600 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
51.31.34.072649
Land Assessment
$127,300 (2024)
Improvements Assessment
$510,600 (2024)
Total Assessment
$637,900 (2024)
Annual Taxes
$11,210 ($1.33/SF)
Tax Year
2025
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Conways Commercial Center | 251-257 Main St N
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