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305 Main St 2,930 SF 100% Leased Retail Building Henderson, MN 56044 $250,000 ($85.32/SF)
Investment Highlights
- Main Street location
- Open layout for endless future possibilities
- Room for future expansion on backside of building
Executive Summary
Exceptional opportunity in downtown Henderson! This well-maintained two-story commercial building, built in 2006, features a main level commercial space(currently a fitness center) and an upper-level 1-bedroom apartment. The main floor offers an open layout ideal for fitness, retail, or office use, with large display windows, restroom, and excellent street visibility. The Second-story 1 bedroom apartment includes a full kitchen, bath, and private entrance-perfect for owner occupancy or rental income. Off-street parking, rear access, and great exposure along Main Street. Prime live/work or investment property in the heart of Henderson's historic downtown district.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$16,800
|
$5.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$16,800
|
$5.73
|
| Taxes |
$5,635
|
$1.92
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,635
|
$1.92
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $16,800 |
| Annual Per SF | $5.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $16,800 |
| Annual Per SF | $5.73 |
| Taxes | |
|---|---|
| Annual | $5,635 |
| Annual Per SF | $1.92 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,635 |
| Annual Per SF | $1.92 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,930 SF
Building Class
C
Year Built
2006
Price
$250,000
Price Per SF
$85.32
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.56
Lot Size
0.12 AC
Frontage
28’ on Main St.
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Jessenland Health & Fitness
- Health Care and Social Assistance
- 1,886 SF
- -
- -
- Residental
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Jessenland Health & Fitness | Health Care and Social Assistance | 1,886 SF | - | - | ||
| Residental | - | - | - | - |
Property Taxes
| Parcel Number | 35.0039.010 | Total Assessment | $264,200 |
| Land Assessment | $24,800 | Annual Taxes | $5,635 ($1.92/SF) |
| Improvements Assessment | $239,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
35.0039.010
Land Assessment
$24,800
Improvements Assessment
$239,400
Total Assessment
$264,200
Annual Taxes
$5,635 ($1.92/SF)
Tax Year
2025
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305 Main St
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