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262 Central Ave 4,320 SF 100% Leased Retail Building Long Prairie, MN 56347 $475,000 ($109.95/SF)
Investment Highlights
- High-visibility location in Long Prairie’s downtown district
- Historic architectural façade with strong street presence
- Easy access to US Highway 71, State Highway 27, and Highway 287
- Ample street parking and prominent signage opportunities
Executive Summary
This two-story downtown property offers a fully outfitted turnkey restaurant package, presenting an outstanding opportunity for owner-operators, investors, or developers. Located in the heart of Long Prairie, the building features a historic vintage storefront and exceptional visibility along Central Avenue with strong traffic flow. The 2,160 SF main floor is currently configured for a 114-seat restaurant, fully equipped with kitchen infrastructure and fixtures, ensuring immediate operational capability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,320 SF
Building Class
C
Year Built/Renovated
1903/2024
Price
$475,000
Price Per SF
$109.95
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
C-1 - C-1 Commercial General
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-0023300 | Improvements Assessment | $80,400 |
| Land Assessment | $7,500 | Total Assessment | $87,900 |
Property Taxes
Parcel Number
36-0023300
Land Assessment
$7,500
Improvements Assessment
$80,400
Total Assessment
$87,900
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262 Central Ave
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