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    OFF-MARKET
    Commercial real estate

    311 Water St, Jordan, MN 55352-1520

    7,200 SF 0.2 ac lot Built 1920
    Individually Owned 12-yr Hold Absentee Owner Free & Clear
    Property ID
    US46-0217651
    Property summary
    AI-generated overview

    This exceptional 7,200 square foot industrial property, located at 311 Water Street in the heart of downtown Jordan, Minnesota, presents a remarkable opportunity for a variety of businesses. Recently remodeled, this former auto mechanic shop boasts an impressive array of features ideal for continued use in the automotive industry or adaptable for other industrial applications. The expansive 7,200 square foot main shop area includes two convenient drive-in doors, ensuring easy access for large vehicles and equipment. A substantial basement provides ample storage space, significantly enhancing the property's functionality. The shop is equipped with two vehicle lifts, facilitating efficient vehicle maintenance and repair. Practical floor drains are in place for easy cleanup, and reliable gas heating ensures a comfortable working environment year-round. The property sits on a 0.2-acre lot, offering convenient access and visibility from the main street. The asking price for this turnkey operation is $495,000. This property's prime location, extensive square footage, and well-maintained condition make it an exceptional investment opportunity with significant potential for growth and profitability. Don't miss this chance to acquire a ready-to-go industrial space in a thriving downtown area.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1920
    Total area 7,200 SF
    Lot 0.2 ac (8,712 SF)
    APN 22-002039-0
    UPID US46-0217651
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Stacy A Macelree · 12 yrs held
    Stacy A Macelree
    since 2014
    3 recorded transactions
    2023
    2014
    $80,000
    2010
    $155,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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