646 Lake St.

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646 Lake St.

Long Prairie, MN 56347
Asking Price
$1.65M
Asset Type
Retail
Class
Class B

What's Special

646 Lake Street is located in the central business district of Long Prairie, Minnesota. The property is situated along a primary local thoroughfare, providing direct access to Highway 71 and Highway 27. The surrounding neighborhood is characterized by a mix of established storefronts, professional offices, and civic institutions. Nearby amenities include various local eateries, financial services, and the Todd County courthouse, ensuring consistent foot traffic and visibility from residents and commuters passing through the downtown area. This specialized retail space is well-suited for a variety of commercial applications, including boutique retail, professional service firms, or neighborhood convenience services. The layout and strategic position make it an ideal location for small business owners or regional hardware, apparel, or specialty goods tenants seeking a presence in a stable rural market. The property’s street-level frontage offers logistical efficiency for businesses requiring both customer accessibility and high-visibility branding.

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NOI
$80,000
Cap Rate
4.85%
DSCR
0.82
Underwater
Cash-on-Cash
-3.63%
Monthly Payment
$8,163.3
Annual Cash Flow
$-17,959.597

Location & Travel Times