1202 NW 4th St Grand Rapids, MN
Highly visible retail property with open floor plan and parking.
- Added:
- Aug 27, 2025
- Days on Market:
- 320
- Last Refresh:
- May 20 at 9:24 pm
Property Features for 1202 NW 4th St
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Lot size
- 0.52 Acres
- Property subtype
- RETAIL
Listing office Greg Follmer Commercial Real Estate (218) 310-0013
Listing date Aug 27, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Greg Follmer Commercial Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Prime highway location with high visibility
- Large parking lot available
- Excellent building condition
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.3k | $8.76 |
| − Vacancy | −$8.6k | −$1.22 |
| EGI | $52.8k | $7.54 |
| − OpEx | −$15.8k | −$2.26 |
| NOI | $36.9k | $5.28 |
