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    114 Aspen Ave Menahga, MN 56464

    For Sale
    $250,000

    Turnkey Business, Inventory Included

    Property size:
    3,380 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional turnkey business opportunity presents a well-established hardware store located at 114 SE Aspen Avenue in Menahga, Minnesota. Spanning 3,380 square feet on a 0.31-acre lot, this property boasts a prime location with paved parking and convenient on-street parking. The business has thrived under the same ownership for over four decades, building a strong reputation and loyal customer base. The sale includes the land, building, fixtures, and a fully stocked inventory, ensuring a seamless transition for the new owner. Existing supplier relationships are in place, minimizing disruption to operations. Furthermore, the current staff, including a manager, have expressed a strong desire to remain with the business, providing continuity and valuable expertise. The seller, who is retiring, is committed to a smooth handover and offers valuable advice and training to ensure the continued success of the business. This is a rare opportunity to acquire a profitable, established business with a proven track record and a dedicated team. The asking price for this complete package is $250,000. This presents a unique chance to step into a ready-made business with minimal start-up costs and significant growth potential. The seller is motivated and eager to find a suitable buyer who will continue the legacy of this successful hardware store.

    Property Features for 114 Aspen Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,380 SF
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1957
    Insight Report 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
    -95.0967
    Latitude
    46.75289

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Business, Inventory Included
    Where is this commercial real estate located?
    The property is located at 114 Aspen Ave Menahga, MN.
    What is the asking price?
    The asking price for this property is $250,000.
    (218) 692-6003
    Request Owner's contact information
    114 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
    114 Aspen Ave Menahga, MN 56464
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