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405 Broadway Ave S 18,750 SF Specialty Building Offered at $510,000 in Cokato, MN 55321

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INVESTMENT HIGHLIGHTS

  • Historic, ornate woodwork, stained glass, brick exterior.
  • Two additions since the original building

EXECUTIVE SUMMARY

Exceptional opportunity to own a versatile and beautifully maintained church facility with endless possibilities. In addition to its current use as a place of worship, this property is well-suited for a variety of purposes, including a daycare, school, event center, dance studio, or multi-tenant setup. The property features two worship areas, including a spacious main sanctuary that seats 300+ with all chairs included. Original stained-glass windows and stunning woodwork create a warm, inviting atmosphere. Several private offices and multiple flexible rooms provide ample space for staff, classrooms, or specialized uses. A full (non-commercial) kitchen supports events, gatherings, and day-to-day needs. The basement includes a concrete floor, ideal for recreational activities such as pickleball or dodgeball, along with two additional carpeted sitting rooms that could be used as entertainment or game areas. Recent updates include a new roof and zoned heat/AC for efficient comfort throughout the building. The layout and size offer excellent potential for multi-tenant occupancy or creative redevelopment. The City of Cokato has indicated the property could potentially be used for multi-family purposes, though buyers should confirm approval with the city. Seller is a licensed Minnesota broker.

PROPERTY FACTS

Price $510,000
Price Per SF $27.20
Sale Type Investment or Owner User
Property Type Specialty
Property Subtype Religious Facility
Building Class C
Lot Size 0.81 AC
Building Size 18,750 SF
No. Stories 3
Year Built/Renovated 1919/1978
Tenancy Single
Parking Ratio 1.33/1,000 SF
Zoning C1 - The property is zoned C-1. See the uploaded city of Cokato Ordinance for more info on what is allowed. § 153.033 CENTRAL BUSINESS (C-1)

AMENITIES

  • Signage
  • Air Conditioning
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
105-028-000010
Land Assessment
$111,400
Improvements Assessment
$306,800
Total Assessment
$418,200
  • Listing ID: 38521788

  • Date on Market: 6/27/2024

  • Last Updated:

  • Address: 405 Broadway Ave S, Cokato, MN 55321

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