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202 1st NW st

4,000 SF Specialty Building Offered at $992,229 CAD at a 10.71% Cap Rate in Deer River, MN 56636

Investment Highlights

  • Hwy accessable
  • long history of outstanding community service repairing vehicles
  • Heavy/high traffic area

Executive Summary

This turn-key business is ready for your client to step right into a successful 27+ year business.
Deer River Tire & Auto is selling the building and business with a long standing history at this location.
Cash flow $70-100k a year.
Room to add a diesel mechanic or expansion
Financial provided after a showing property and proof of funds/seriousness to buy.

Property Facts

Price $992,229 CAD
Price Per SF $248 CAD
Sale Type Investment or Owner User
Cap Rate 10.71%
Sale Conditions Business Value Included
Property Type Specialty
Building Class C
Lot Size 0.26 AC
Building Size 4,000 SF
No. Stories 1
Year Built 1972
Parking Ratio 2.5/1,000 SF
Opportunity Zone Yes

Amenities

  • Signage
  • Wheelchair Accessible
  • Air Conditioning

About 202 1st NW st , Deer River, MN 56636

DEER RIVER TOWNSITE LOTS 14-15 & VAC E 30FT OF 1ST ST NW LYG W & ADJ TO LOT 15 BLK 1 From Grand Rapids MN, West on Hwy 2 12.8 miles, right on 1st St NW. 240 ft to destination

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
89-410-0150
Land Assessment
$18,498 CAD
Improvements Assessment
$54,234 CAD
Total Assessment
$72,733 CAD
  • Listing ID: 32377662

  • Date on Market: 2024-07-08

  • Last Updated:

  • Address: 202 1st NW st, Deer River, MN 56636

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