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32003638
32003647

105 South Main Street, Stewartville, MN 55976 For Sale

MS
MN 40661096
Mike Swenson
Listed by Mike Swenson
$1,750,000
86 days on market
Updated 48 days ago

105 Main Street

Details
Property Type Retail, Multifamily (+1)
Sub Type Apartment Building
Square Footage 15,621
Cap Rate 6.75%
NOI $114,822
Occupancy 89%
Class C
Year Built 1870
Year Renovated 2024,2025
Buildings 2
Stories 3
Acreage 0.160
Zoning Commercial
Investment Type Value Add
Ground Lease No
Sale Condition For sale by owner

26 Unit Multi-Family & Commercial Mix

Marketing description

Amazing opportunity to add a value-add cash-flowing asset to your multi-family portfolio. Located in the Rochester MSA, anchored by Mayo Clinic and the $5.5 Billion in local, county and state investment to the area over the next 20 years via the Destination Medical Center Initiative.

Made up of 2 adjacent buildings, located in the heart of Stewartville, a growing and vibrant community just south of Rochester, MN With the property located at the intersection of highways 63 and 30, you are located right in the heart of of the downtown Stewartville business district, with easy access to local amenities, including blocks away from Stewartville High School, and just a couple of miles from Rochester International Airport.

The property consists of 2 buildings right next to each other. The main building consists of 16 multi-family units and 2 commercial spaces, and the adjacent building consists of 8 multi-family units. The electrical, many of the common areas, and over half of the residential units have been updated with current ownership. They purposefully left the remaining units to be updated to provide a value add opportunity for new owners.

Investment highlights

  • Located minutes from Rochester, MN & Mayo Clinic - the World's #1 Hospital
  • Area is undergoing a $5.6 BILLION development from Destination Medical Center Initiative
  • Property At Intersection of Highways 63 & 30 In Downtown Stewartville, MN
  • 2 Miles from I-90
  • 2 Miles from Rochester Airport
  • Stewartville is adding a 84,000 Amazon Distribution Center In 2026
  • 2 Buildings: 1 Built in 1870 & 1 in 1965
  • Total Unit Mix: 2 Commercial, 3 Studio, 14 1BR, 7 2BR
  • Value Add Opportunity
  • Pro-Forma Rent: $22,125

Listing Contacts

MS
MN 40661096
Mike Swenson
Listed by Mike Swenson

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$114,822.00
$9,568.50/mo

Valuation Metrics

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DSCR
6.56%
Cap Rate
6.56%
ROI

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