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    810 Highway 73 Floodwood, MN 55736

    Sponsored
    For Sale
    $199,000

    Established Grocery Store, Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 6,580 square foot retail property located at 810 Hwy 73, Floodwood, MN, presents a unique investment opportunity. The building, situated on a 0.55-acre lot, has served as a thriving grocery store for over 70 years, establishing itself as a community cornerstone. The turnkey operation includes a sophisticated cooling system designed for optimal grocery storage, complemented by a heat reclamation system for energy efficiency. A substantial walk-in cooler, ample storage space, and a large parking lot enhance the property's functionality. Further adding to its versatility, a convenient loading dock is available, along with a two-bedroom, one-bathroom apartment located upstairs. The core commercial zoning allows for diverse uses beyond grocery retail, opening doors to a wide range of entrepreneurial ventures. The asking price is $199,000. This property offers a blend of established success and future potential, making it an attractive investment in a well-established Minnesota community. The substantial size and existing infrastructure provide a solid foundation for a variety of commercial uses. Don't miss this chance to acquire a piece of Floodwood's history and shape its future.

    Property Features for 810 Highway 73

    General Information

    Property type
    Retail properties
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1956
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Hair Salon Clothing Store Nail Salon Hotel & Motel Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Floodwood
    County
    St. Louis County
    State
    Minnesota
    Longitude
    -92.91438
    Latitude
    46.9255

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail property - Established Grocery Store, Huge Potential
    Where is this retail property located?
    The property is located at 810 Highway 73 Floodwood, MN.
    What is the asking price?
    The asking price for this property is $199,000.
    (218) 722-2810
    Request Owner's contact information
    810 Highway 73 Floodwood, MN 55736
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    Floodwood, MN 55736
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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
    810 Highway 73 Floodwood, MN 55736
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