Retail Space in Shopping
For Sale
$199,000
14307 Gould Street, Crosslake, MN 56442
Built in 2003, the space is part of a center with retail and professional office tenants surrounding a public entertainment square.
Property Size1,725 SF
Price / SF$115.36
Days on Market9
Property Features for 14307 Gould Street
General Information
Standard status
Active
Size
1,725 SF
Property subtype
Commercial
Zoning
Business/Commercial
Taxes and HOA fees
Annual Taxes
$1,800
Building Details
Building Size
1,725 SF
Year Built
2003
Units
1
Listing Agency:
Close-Converse Commercial Prop
Listed By:
Timothy Miller
(218) 838-8772
Source:
Getyoumoved
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 29 at 10:16PM
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 Close-Converse Commercial Prop
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,725-square-foot retail space is located in Crosslake Town Square, a retail center with professional office tenants. The building was constructed in 2003, and the center is arranged around a public entertainment square.
Community events, seasonal tourism and local patronage are cited as sources of activity at the square. The property is at 14307 Gould Street in Crosslake, Minnesota.
Community events, seasonal tourism and local patronage are cited as sources of activity at the square. The property is at 14307 Gould Street in Crosslake, Minnesota.
Key Highlights
- 1,725‑square‑foot retail space
- Built in 2003
- Located in a retail center with professional office tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,997
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,940
$319.9K
Cap Rate 7%
$228,529
$228.5K
Cap Rate 9%
$177,744
$177.7K
Market Conditions
NOI Build-Up for 1,725 SF
Gross rent
$24.8K $14.40/SF
− Vacancy
−$2.0K −$1.15/SF
EGI
$22.9K $13.25/SF
− OpEx
−$6.9K −$3.97/SF
NOI
$16.0K $9.27/SF
Area
Crow Wing County, MN
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,940
Cap Rate 7%
$228,529
Cap Rate 9%
$177,744
Alternative Uses
Best Use
Retail
$228.5K
$200.0K – $266.6K
NOI $15,997 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.2K
$320.4K – $427.3K
NOI $25,635 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Home Improvements & Furnishings 29%
Holiday Station Store
Shops & Services
6,897 visits/mo
0.2 miles
Crosslake Ace Hardware
Home Improvements & Furnishings
4,245 visits/mo
0.2 miles
Dollar General
Shops & Services
3,567 visits/mo
0.3 miles
Demographics for 56442, MN
2,720
Population
3,415
Households
0.8
Avg Household Size
60
Median Age
34%
College-Educated
96%
High-School Grad
35.2 sq mi
ZIP Area
77
Density / Sq Mi
$85,179
Median Household Income
$45,481
Median Earnings
$1,071
Median Rent
$534,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Built in 2003, the space is part of a center with retail and professional office tenants surrounding a public entertainment square.
Where is this retail space located?
The property is located at 14307 Gould Street Crosslake, MN.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,725‑square‑foot retail space; Built in 2003; Located in a retail center with professional office tenants
