Two-Level Storefront
For Sale
$1,500,000
12644 Fremont Avenue, Zimmerman, MN 55398
Commercial Sale, Zimmerman, MN
Property Size8,000 SF
Lot Size0.29 Acres
Price / SF$187.50
Days on Market75
Property Features for 12644 Fremont Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Parking features
Garage - Attached, Offsite, Garage
Subdivision
Morrisons Add
High school district
Elk River
Directions
North on HWY 169, left on Fremont Ave, building is on the left
Standard status
Active
APN
95004020320
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3142
Utilities
Heating system
Forced Air
Amenities
on-site parking
loading dock
classroom space
kitchen
private office
bathroom
Building Details
Year built
1966
Listing Agency:
eXp Realty
(320) 500-4397
Listed By:
The Dvc Team
(612) 751-9303
Added: Aug 3
Changed: Oct 15
Last Checked: Oct 16 at 11:06PM
MLS# 7118266
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 8,000-square-foot storefront property has two levels, each measuring 4,000 square feet. The upper floor contains a retail showroom, classroom, kitchen, private office, and bathroom. Below, a loading dock serves the inventory receiving area, alongside storage and additional classroom or flex space. The building was constructed in 1966 and has forced-air heating; the site encompasses 0.29 acres.
The offering includes the operating firearms retail business, existing inventory, and transfer of state and federal licenses, including an FFL. Business activities include retail sales, gunsmithing and repair, and concealed-carry instruction. License transfers require the buyer to pass applicable background checks.
The offering includes the operating firearms retail business, existing inventory, and transfer of state and federal licenses, including an FFL. Business activities include retail sales, gunsmithing and repair, and concealed-carry instruction. License transfers require the buyer to pass applicable background checks.
Key Highlights
- 8,000‑square‑foot building on 0.29 acres
- Two levels of 4,000 square feet each
- Upper floor includes showroom, classroom, kitchen, private office, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,531
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,970,620
$2.0M
Cap Rate 7%
$1,407,586
$1.4M
Cap Rate 9%
$1,094,789
$1.1M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$151.7K $18.96/SF
− Vacancy
−$10.9K −$1.37/SF
EGI
$140.8K $17.59/SF
− OpEx
−$42.2K −$5.28/SF
NOI
$98.5K $12.32/SF
Area
Sherburne County, MN
Vacancy
7.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,970,620
Cap Rate 7%
$1,407,586
Cap Rate 9%
$1,094,789
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,531 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,604 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
68k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Speedway
Shops & Services
24,438 visits/mo
0.3 miles
Hardee's
Dining
9,413 visits/mo
0.2 miles
Holiday Station Store
Shops & Services
8,538 visits/mo
0.3 miles
Dollar General
Shops & Services
7,766 visits/mo
0.2 miles
Dollar Tree
Shops & Services
6,032 visits/mo
0.3 miles
Demographics for 55398, MN
17,022
Population
6,292
Households
2.7
Avg Household Size
37
Median Age
24%
College-Educated
95%
High-School Grad
73.1 sq mi
ZIP Area
233
Density / Sq Mi
$105,063
Median Household Income
$49,832
Median Earnings
$1,201
Median Rent
$325,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Wild Dahlia Design Studio — 25930 2nd St E A, Zimmerman, MN 55398
Frequently Asked Questions
What type of property is this?
Storefront property - The sale combines an operating firearms retailer, its inventory, and transfers of associated state and federal licenses.
Where is this storefront property located?
The property is located at 12644 Fremont Avenue Zimmerman, MN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 8,000‑square‑foot building on 0.29 acres; Two levels of 4,000 square feet each; Upper floor includes showroom, classroom, kitchen, private office, and bathroom
