202 S 2nd Ave W

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202 S 2nd Ave W

virginia, MN 55792
Asking Price
$1.26M
Asset Type
Retail
Class
Class B

What's Special

202 S 2nd Ave W is situated in the downtown commercial district of Virginia, Minnesota. The property is located one block off Chestnut Street, the city’s primary thoroughfare, offering proximity to local administrative offices, banks, and dining establishments. The neighborhood features a mix of historic architecture and local service businesses. The site is accessible via Highway 53 and Highway 135, providing regional connectivity across the Iron Range. Public transit stops are available within walking distance, and street parking is located directly adjacent to the building. This retail asset is suited for businesses requiring a central footprint in a small-market downtown setting. The layout supports various configurations, including traditional showroom space, a boutique storefront, or service-oriented retail such as a salon or specialty repair shop. Ideal tenants include local entrepreneurs, regional service providers, or professional firms seeking visibility within the central business district. The location benefits from steady pedestrian traffic generated by nearby municipal buildings and long-standing neighborhood retailers, providing a consistent environment for consumer-facing operations.

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NOI
$80,000
Cap Rate
6.35%
DSCR
1.07
Tight
Cash-on-Cash
1.38%
Monthly Payment
$6,233.367
Annual Cash Flow
$5,199.596

Location & Travel Times