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    OFF-MARKET
    Commercial real estate

    601 3Rd St, Roseau, MN 56751

    2,288 SF 2.43 ac lot Built 1959
    Property ID
    US46-2513543
    Property summary
    AI-generated overview

    This exceptional commercial property boasts an enviable location on Highway 11 in Roseau, Minnesota, offering over 300 feet of prime road frontage adjacent to a Holiday Station. The 2.43-acre parcel includes two separate buildings currently generating income via month-to-month leases. The first structure is a 26' x 116' retail space, ideal for a variety of businesses. The second building is a substantial 40' x 80' quonset hut, offering versatile storage or workspace potential. Both buildings are currently occupied, providing immediate cash flow for the new owner. The property's high visibility and strategic location on a major thoroughfare present almost limitless potential for future development and expansion. This is a rare opportunity to acquire a well-situated, income-producing commercial property in a thriving Minnesota community. The substantial lot size offers ample room for future growth or additional building construction. The existing tenants provide a stable income stream while allowing for future leasing strategies to maximize profitability. This property is priced to sell at $425,000 and represents a strong investment opportunity.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1959
    Total area 2,288 SF
    Lot 2.43 ac (105,851 SF)
    UPID US46-2513543
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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