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Investment Highlights
- Located in the downtown Morris commercial business district.
- Includes three-phase 120/208V electrical service.
- Positioned one-half block east of Old US Highway 59.
- CBD zoning supports a variety of commercial business uses.
Executive Summary
Formerly occupied as the municipal liquor store, this commercial retail property presents an opportunity to acquire a freestanding asset in the heart of downtown Morris, Minnesota. Positioned along East 5th Street just one-half block east of Old US Highway 59, the property benefits from convenient access, established commercial activity, and visibility within the city's central business district. The surrounding area includes a mix of national, regional, and local businesses, including Family Dollar, Casey's, Pizza Ranch, Shopko Optical, National Bank of Commerce, and other established employers and retailers that contribute to daily consumer traffic and business activity.
The property contains approximately 4,500 square feet on a 0.49-acre site and is zoned CBD (Central Business District), allowing for a variety of commercial uses consistent with downtown business operations. Located approximately one-half mile west of the University of Minnesota Morris, the property is positioned near a significant educational institution that supports local employment and community activity.
The property contains approximately 4,500 square feet on a 0.49-acre site and is zoned CBD (Central Business District), allowing for a variety of commercial uses consistent with downtown business operations. Located approximately one-half mile west of the University of Minnesota Morris, the property is positioned near a significant educational institution that supports local employment and community activity.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,500 SF
Building Class
C
Year Built
1995
Price
$696,331 CAD
Price Per SF
$154.74 CAD
Building Height
1 Story
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Parking
30 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
181’ on East 5th Street
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-0111-000 | Improvements Assessment | $547,218 CAD |
| Land Assessment | $54,862 CAD | Total Assessment | $602,080 CAD |
Property Taxes
Parcel Number
20-0111-000
Land Assessment
$54,862 CAD
Improvements Assessment
$547,218 CAD
Total Assessment
$602,080 CAD
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14 E 5th St
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