120 S Rum River Drive, Princeton, 55371

Commercial Sale - Retail For Sale in Damons Add

$1,800,000

–Beds
–Baths
–Sqft
1.31Acres
1981Built
39DOM
MLS® #: 6179060
Active, 39 Days on Market
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Multi-tenant strip center in Princeton, MN. High traffic location on Rum River Drive, the primary thoroughfare running between Highways 95 and 169. Great location in the heart of Princeton’s central business district. Building consists of approximately 43,000 total square feet. There is an excellent mix of 14 national, regional and local tenants occupying space in the building. Diverse blend of tenants, consisting of Napa Auto Parts, H&R Block, Centracare, Domino’s, and many more. Property is currently approximately 75% occupied. There is a vacant section of the building (approx. 9,500 SF) that the seller recently had plans drawn up to split up the space and lease to smaller tenants. Excellent value add opportunity to purchase this property at very low price per square foot ($41/SF), add capital for property enhancements, and increase leasing efforts to improve occupancy and boost property performance/net operating income.

Essential Information

MLS® #: 6179060
Price: $1,800,000
Bathrooms: 0.00
Acres: 1.31
Year Built: 1981
Type: Commercial Sale
Sub-Type: Retail
Style: Retail
Status: Active

Community Information

Address: 120 S Rum River Drive
Subdivision: Damons Add
City: Princeton
County: Mille Lacs
State: MN
Zip Code: 55371

Amenities

Garages: Paved, Other

Interior

Heating: Forced Air

Exterior

Construction: Brick/Stone

School Information

District: Princeton

Additional Information

Days on Market: 39
Zoning: Business/Commercial

Listing Details

Listing Office: Coldwell Banker Commercial

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Listing information last updated on May 23rd, 2022 at 5:35pm CDT.