31503 125 1/2 Street, Princeton, MN 55371 (MLS# 7065559)

31503 125 1/2 Street, Princeton, MN 55371

$499,000
Property Type: Commercial Lot Size (sq. ft.): 30,056 Status: Active
Current Price: $499,000 List Date: 5/01/2026 Last Modified: 6/26/2026

Overview

Description

Great opportunity to own this commercial building on prime Princeton location. Perfect for owners shop and office in front and rent out the rest of the building for storage. Large 112x42 two story building currently being used as a storage facility offers: 2 - 41 deep units with 12x16 overhead doors, 1 - 24 deep unit with 10x14 overhead door and attached office space, 12 - 20x10 units with 9x7 overhead doors. Upper level offers 5 - 10x18 units all with windows and electric. 11 new 8x20 containers added to the property in 2020. New roof installed 2022. *Potential cap rate of 11.1% with rent increase and units to market rate.*

Listing Details MLS# 7065559

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
Yes
Waterfront YN
No
Year Built
2002
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Industrial
Foundation Size
4704
For Sale or Lease
For Sale
Acres
0.69
Lot Dimensions
29997
Assessment Pending
Unknown

Property Features

Accessible: Doors 36"+; Hallways 42"+ CMU Style: Freestanding; Industrial; Storage Unit Construction Status: Previously Owned Current Use: Storage Facility Exterior: Steel Siding Foundation: Slab Fuel: Electric Heating: None On Site Utilities: Electric Separate; Hot Water Separate Parking Characteristics: Multiple Garages; Parking Lot; RV Access/Parking; Secured; Storage; Uncovered/Open; Units Vary Sewer: Private Sewer; Tank with Drainage Field Water: Well

Contract Information

Contingency
None
ListPrice
499000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
31503
Street Name
125 1/2
Street Suffix
Street
Postal City
Princeton
County
Sherburne
State
MN
Zip Code
55371
Complex/Dev/Subdivision
Georgetown First Add

Assessments

Tax With Assessments
4574

Building Information

Building Finished SqFt
7931

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
26
Section#
9
Township#
35

Sale Options

Sale Includes
Building, Fixture/Equipment, Land, Leases, Other

Unit Details

Total Units
43
IDX
Listing Office: Edina Realty, Inc.
Last Updated: June - 26 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
Search powered by FBS Products