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    752 Aspen Ave Menahga, MN 56464

    Sponsored
    For Sale
    $369,900

    High-Visibility Hwy 71 Business Opportunity

    Property size:
    4,720 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional Menahga, MN commercial property offers 4,720 square feet of versatile space on a 1.18-acre lot with 325 feet of prime Highway 71 frontage. The single-level building boasts in-floor and overhead heating, air conditioning, and fiber optic internet access, making it ideal for a variety of businesses. Five overhead doors (three are 14 feet high) provide ample access for equipment and vehicles. The property's history includes retail, equipment rental, and boat servicing, demonstrating its adaptability. Sub-leasing potential is excellent due to the spacious layout. Included are a 14x60 mini-storage building and two billboards generating consistent rental income. Two additional 16-foot storage sheds offer extra space. A large parking lot ensures convenient customer access. Lease-to-own and contract-for-deed options are available. This high-traffic location and versatile building present a unique opportunity for a thriving business. The property's features and location combine to create a compelling investment opportunity.

    Property Features for 752 Aspen Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,720 SF
    Lot Size
    51,401 SF

    Building Details

    Year Built
    2006
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Menahga
    County
    Wadena
    State
    Minnesota
    Longitude
    -95.10001
    Latitude
    46.74408

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Hwy 71 Business Opportunity
    Where is this commercial real estate located?
    The property is located at 752 Aspen Ave Menahga, MN.
    What is the asking price?
    The asking price for this property is $369,900.
    (218) 237-3333
    Request Owner's contact information
    752 Aspen Ave Menahga, MN 56464
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    Menahga, MN 56464
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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
    752 Aspen Ave Menahga, MN 56464
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