243 3rd N Street, Bayport, MN 55003
Retail/commercial building with private parking in a prime location.
- Added:
- Jun 29, 2024
- Days on Market:
- 716
- Last Refresh:
- May 20 at 12:24 am
Property Features for 243 3rd N Street
General Information
- Standard status
- Active
- Size
- 4,656 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1940
Listing agent Kevin J LaCasse License #515100 (651) 430-2024
Listing office Greystone Real Estate Group (651) 430-2024
Listing date Jun 29, 2024
Source Exitrealty
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 Greystone Real Estate Group
HighLights
- Prime 3,576 SF Retail/Commercial Building
- Outstanding Downtown Location
- Hard to Find Private Parking
- Includes Two Contiguous Buildings
- 1,080 SF Basement provides additional space
- Year Built: 1940
Overview
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 | $83.8k | $18.00 |
| − Vacancy | −$5.9k | −$1.26 |
| EGI | $77.9k | $16.74 |
| − OpEx | −$23.4k | −$5.02 |
| NOI | $54.6k | $11.72 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bayport
- County
- Washington
- State
- Minnesota
- Longitude
- -92.7794
- Latitude
- 45.018
