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5582 N 146th St 12,050 SF Retail Building Hugo, MN 55038 $1,289,435 CAD ($107.01 CAD/SF)
Investment Highlights
- Corner location with outstanding visibility on Highway 61 and 146th Street North
- Strong local demographics with high household income and growing population base
- Multiple commercial buildings offering versatile operational or redevelopment potential
- Long-established destination with nearly a century of community presence and brand recognition
Executive Summary
Hugo Feed Mill & Hardware presents a rare opportunity to acquire a historic, multi-building commercial asset positioned at one of the most visible corners in downtown Hugo. Operating since 1923, the property sits prominently along Highway 61 with exceptional frontage, steady traffic exposure to more than 14,000 vehicles per day, and convenient access from 146th Street North. The offering includes four buildings across three parcels, featuring the newer hardware store, the original hardware building, warehouse, and feed mill, providing a unique platform for continued retail, service, or agricultural-related operations, or for repositioning through redevelopment. Strong surrounding demographics, including high average household incomes and steady population growth, reinforce the site’s long-term viability. With a sale price of $950,000 and business operations available separately, this property blends irreplaceable local heritage with flexible commercial potential right in the heart of a growing community.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,050 SF
Building Class
C
Year Built
1910
Price
$1,289,435 CAD
Price Per SF
$107.01 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.52
Lot Size
0.53 AC
Zoning
C1 - Retail / some service and /or redevelopment
Official Zoning is C-1
Parking
15 Spaces (1.24 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Signage
Property Taxes
| Parcel Number | 20-031-21-24-0065 | Improvements Assessment | $30,765 CAD |
| Land Assessment | $233,247 CAD | Total Assessment | $264,012 CAD |
Property Taxes
Parcel Number
20-031-21-24-0065
Land Assessment
$233,247 CAD
Improvements Assessment
$30,765 CAD
Total Assessment
$264,012 CAD
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5582 N 146th St
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