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115 Railway St W 4,000 SF Retail Building Loretto, MN 55357 $1,123,781 CAD ($280.95 CAD/SF) 9.09% Cap Rate
Executive Summary
This full brick, beautifully maintained building spans approximately 4,700 square feet and showcases strong curb appeal along with long-standing community presence. The property features a newly paved parking lot, a newer roof, and all major mechanical systems updated in 2022, providing peace of mind for years to come.
Inside, the space is fully equipped with a majority of kitchen appliances and bar equipment replaced in 2022, allowing for a seamless transition to new ownership. The layout includes a dedicated bar area, dining space, and a separate banquet room—ideal for private events, parties, and additional revenue streams.
Inside, the space is fully equipped with a majority of kitchen appliances and bar equipment replaced in 2022, allowing for a seamless transition to new ownership. The layout includes a dedicated bar area, dining space, and a separate banquet room—ideal for private events, parties, and additional revenue streams.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
C
Year Built
2003
Price
$1,123,781 CAD
Price Per SF
$280.95 CAD
Cap Rate
9.09%
NOI
$102,162 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.45 AC
Zoning
CP - Commercial Preferred
Parking
15 Spaces (3.75 Spaces per 1,000 SF Leased)
Amenities
- Signage
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06-118-23-34-0088 | Improvements Assessment | $781,880 CAD |
| Land Assessment | $140,302 CAD | Total Assessment | $922,182 CAD |
Property Taxes
Parcel Number
06-118-23-34-0088
Land Assessment
$140,302 CAD
Improvements Assessment
$781,880 CAD
Total Assessment
$922,182 CAD
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115 Railway St W
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