231 Broadway St S
Jordan, MN 55352

Rare opportunity to own the Historic Nicolin Mercantile Building In Jordan. This wonderful 2-story building has had many updates and is a great place for an event center or anything you can imagine. It is in the Heart of the Downtown business district and walkable to Restaurants, Park, Waterfall, Mini-Met, Microbrewery, and much more! The upper level features high ceilings and is wide open with a 900 Sq.Ft. stage, 28 FT Art Deco bar, bathrooms and a game area. Original and new HWF. This area has been used in the past for Weddings, Dances, Church services and much more! There are various lease options and lots of potential. The main level has a very Ornate Bar, booths, kitchen area, 4 bathrooms and multiple options. The HUB of Jordan LLC 6000 sq. ft. main & up = 12,000 sq. ft. • Built 1878 By Nicolin • Mammoth Store / Mercantile • New thermal pane windows in upper level • 5 electrical panels • 3 phase electric (Breakers) • Roof was done 10 years ago Insulated and Bladder. • AC 2- 5 ton • wall unit • Heat pump on AC 2 YOA • 4 AC unit’s total • 1 unit is 16 YOA • 1 unit 3 YOA • Window unit 2 YOA • Upstairs should have another AC unit • Furnace 4 YOA • New hot water heater • Main floor bathroom has 5 gallon HWH 2 yoa. • Upstairs HWH is 2 YOA • 28X 10 addition • 5 Bathrooms (1-Unisex) 9 stools • ½ basement • Tunnel for piping to the Kitchen • It is on the Historical List • Upstairs Bar 28 ft Art Deco Appraised Value $10,000 • Lower bar appraised value $24,000 • 900 sq. Ft. of stage New curtains • Side X Side ministry own the projector and pull down screen. Lease up 8/19 use it 1 day per week. Month to Month lease Rent $525. Per month. They use it Wednesday nights. • Office rent $125.00 per month • Lower Level north space $400. Per month • Dance group 2 events per year at $525. Per event. ($1050) • They use it 7-14 weeks a year at $75.00 per class. • The kitchen has someone interested in leasing it sporadically. No terms negotiated yet. December 2021 • Electric $330. • Heat $460. • Sewer & Water $60-100. • Owners run the coffee shop. • No fryer • Kitchen needs a fire suppression system. • Has convection over & steam table.