5582 N 146th St - Freestanding FOR SALE


$950,000 USD
612-708-2873
5582 N 146th St, Hugo, MN for Sale
$950,000 USD
Freestanding - FOR SALE
1/21
null | Request Cap Rate

NEW



HIGHLIGHTS

  • Corner location with outstanding visibility on Highway 61 and 146th Street North
  • Multiple commercial buildings offering versatile operational or redevelopment potential
  • Strong local demographics with high household income and growing population base
  • Long-established destination with nearly a century of community presence and brand recognition

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$79 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,086 SF

ZONING

C1

APN/PARCEL ID

20-031-21-24-0065

ASK ABOUT THIS PROPERTY

Marty FisherPremier Commercial Properties, Inc.More Info
612-708-2873

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Marty FisherPremier Commercial Properties, Inc.More Info
612-708-2873

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.