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Office/ Retail Space 318 1st St SW 3,528 SF 100% Leased Office Building New Richland, MN 56072 $125,000 ($35.43/SF)

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INVESTMENT HIGHLIGHTS

  • A total of 3,528 sqft with six private offices
  • Daycare / special use potential
  • Residential redevelopment opportunity

EXECUTIVE SUMMARY

This property offers office and retail functionality with redevelopment potential — making it a great investment opportunity.
A total of 3,528 sqft with 1,960 sqft on the main level and 1,568 sqft in the basement
Six private offices
Full unfinished basement
Residential redevelopment opportunity
Daycare / special use potential

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
3,528 SF
Year Built
1979
Price
$125,000
Price Per SF
$35.43
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,764 SF
Building FAR
0.30
Lot Size
0.27 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15.777.0020
Land Assessment
$10,200
Improvements Assessment
$124,700
Total Assessment
$134,900
  • Listing ID: 37428528

  • Date on Market: 8/26/2025

  • Last Updated:

  • Address: 318 1st St SW, New Richland, MN 56072

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