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    1220 Memorial Dr Crookston, MN 56716

    For Sale
    $979,000

    20-Acre Multi-Use Property, Great Potential

    Property size:
    15,708 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, situated on approximately 20 acres within Crookston city limits, presents a unique investment opportunity. The main building, formerly occupied by the Diocese of Crookston, boasts an impressive 15,708 square feet of versatile space. Its layout includes numerous offices, well-appointed meeting rooms, and a convenient elevator, catering to a wide range of potential uses. The property's strategic location offers easy access to amenities and enjoys proximity to the Minakwa Golf Course. Adding to its appeal is a charming 2-bedroom, 1-story home, ideal for rental income or on-site management. This home features an attached 32x22 garage. Furthermore, a separate 1-story retreat center is included, complete with its own attached 35x22 garage, providing additional space for various purposes. The expansive acreage offers ample room for expansion, parking, or outdoor activities. The asking price for this substantial property is $979,000, representing a compelling value for its size, features, and location. This property is ready for its next chapter, offering significant potential for a diverse range of commercial ventures. The combination of the main building, residential home, and retreat center creates a unique and versatile property with significant income potential.

    Property Features for 1220 Memorial Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    15,708 SF
    Lot Size
    871,200 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crookston
    County
    Polk
    State
    Minnesota
    Longitude
    -96.61805
    Latitude
    47.78297

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    FAQs

    What type of property is this?
    Commercial real estate - 20-Acre Multi-Use Property, Great Potential
    Where is this commercial real estate located?
    The property is located at 1220 Memorial Dr Crookston, MN.
    What is the asking price?
    The asking price for this property is $979,000.
    (218) 281-7451
    Request Owner's contact information
    1220 Memorial Dr Crookston, MN 56716
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    Crookston, MN 56716
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1220 Memorial Dr Crookston, MN 56716
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