31503 125 1/2 Street, Princeton, MN 55371 - Photo 1

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$499,999 -$25,000 (-4.76%) Price Reduced

For Sale
Active
Commercial
0.69 Acres
Updated 12 hours ago

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Property Description

*Potential cap rate of 11.1% with rent increase and units to market rate.* 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 9.7% with rent increase and units to market rate.

Full Property Details

Full Property Details for 31503 125 1/2 St

General

Price: $499,999
Taxes: $4,574 (2025)
Status: Active
Type: Commercial
Source: NorthStarMLS_RMLS
MLS ID: 6796267
Updated: 3/4/2026
Added to Site: 157 day(s) ago

Parking

Attached garage: Yes
Parking Features: Attached Garage, Asphalt, Multiple Garages, Parking Lot, RV Access/Parking, Secured, Storage, Open, Units Vary

Location

County: Sherburne
Township: Baldwin Twp
Subdivision: Georgetown First Add
Driving Directions: South on 125th St, turn Right on 316 Ave, that will curve south and turn into 125 1/2 St NW. Property will be on the Left (East) side of road.

School Information

School District: 1775 - Princeton
High School District: Princeton

Heating & Cooling

Heating Type: None
Heating Fuel: Electric

Utilities

Sewer: Private Sewer, Tank with Drainage Field
Water: Well
Utility Description: Electric Separate, Hot Water Separate

Structural Information

Foundation Size: 4704
Disability Access: Doors 36"+, Hallways 42"+
Current Bldg. Use: Storage Facility
Year Built: 2002

Lot Features

Lot Size (Acres): 0.69
Lot Dimensions: 29997
Potential Use: Industrial
Zoning: Business/Commercial, Industrial

Financial Considerations

Tax Amount: $4,574
Tax Year: 2025

Disclosures and Reports

Legal Description: LOT 6, BLK 1
Inclusions: Building, Fixture/Equipment, Land, Leases, Other
Property ID: 1004250112

Listed by Edina Realty, Inc.

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Schools

Schools serving 31503 125 1/2 St

School District:Princeton Public School District

Name	Grades	Distance
Princeton Intermediate School 1202 North 7th Street, Princeton, MN 55371	3-5	2.5 mi
Princeton Primary School 1206 7th Avenue North, Princeton, MN 55371	K-2	3.2 mi
Princeton Middle School 1100 4th Ave N, Princeton, MN 55371	6-8	3 mi
Princeton Senior High School 807 8th Avenue South, Princeton, MN 55371	9-12	1.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 31503 125 1/2 St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/04/2026

Price Reduced

$499,999

-4.76%

MLS

11/20/2025

Price Reduced

$524,999

-4.55%

MLS

10/28/2025

Price Reduced

$549,999

-4.35%

MLS

9/29/2025

Listed

$574,999

94.91%

MLS

4/30/2018

Sold

$295,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 31503 125 1/2 St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$4,574

12%

$303,400

10%

2023

$4,082

18%

$275,400

2023

$3,454

—

$259,200

16%

2023

$3,454

-10%

$224,300

12%

2022

$3,858

-4%

$200,700

2020

$4,038

$197,800

2019

$3,698

$181,300

2018

$3,542

-13%

$169,500

2017

$4,066

-3%

$165,100

2016

$4,176

-1%

$163,900

—

2015

$4,210

-2%

$163,100

-1%

2014

$4,292

-2%

$164,400

-1%

2013

$4,380

—

$166,100

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 31503 125 1/2 St

31503 125 1/2 Street, Princeton, MN 55371 (MLS# 6796267) is a Commercial property. 31503 125 1/2 Street is currently listed for $499,999 and was received on September 29, 2025. Want to learn more about 31503 125 1/2 Street? Do you have questions about finding other Commercial real estate for sale in Princeton? You can browse all Princeton real estate or contact a Coldwell Banker agent to request more information.

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31503 125 1/2 St Princeton, MN 55371