Flex Space with Retail
For Sale
$499,900
7 Golf Course Rd, Grand Rapids, MN 55744
Commercial building on a sizable parcel with retail or industrial use potential near Golf Course Road and 169 South.
Property Size15,000 SF
Lot Size2.20 Acres
Price / SF$64.29
Days on Market77
Property Features for 7 Golf Course Rd
General Information
Standard status
Active
Size
15,000 SF
Lot size
2.20 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1975
Buildings
1
Building Size
15,000 SF
Listing Agency:
COLDWELL BANKER NORTHWOODS
Listed By:
Mitchel Kellin
(218) 326-3455
Source:
Tayloronken
Added: Aug 1
Changed: Oct 15
Last Checked: Oct 16 at 11:23AM
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 COLDWELL BANKER NORTHWOODS
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Investment Insights
Based on property information with market context.
This flex-space property includes a commercial building constructed in 1975 and positioned on approximately 2.2 acres. The property is suited to retail or industrial use, offering a configuration that can accommodate different commercial operations.
The site is located at 7 Golf Course Rd in Grand Rapids, Minnesota, near the intersection of Golf Course Road and 169 South. Its location provides access for customers and suppliers, with land area that may support parking or future expansion as permitted.
The site is located at 7 Golf Course Rd in Grand Rapids, Minnesota, near the intersection of Golf Course Road and 169 South. Its location provides access for customers and suppliers, with land area that may support parking or future expansion as permitted.
Key Highlights
- Approximately 2.2‑acre commercial site
- Flex‑space property with retail or industrial use potential
- Building constructed in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,399
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,980
$488.0K
Cap Rate 7%
$348,557
$348.6K
Cap Rate 9%
$271,100
$271.1K
Market Conditions
NOI Build-Up for 7,776 SF
Gross rent
$42.3K $5.44/SF
− Vacancy
−$7.4K −$0.96/SF
EGI
$34.9K $4.48/SF
− OpEx
−$10.5K −$1.34/SF
NOI
$24.4K $3.14/SF
Area
Itasca County, MN
Vacancy
17.60%
Lease Rate
$5.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,980
Cap Rate 7%
$348,557
Cap Rate 9%
$271,100
Alternative Uses
Best Use
Industrial
$348.6K
$305.0K – $406.7K
NOI $24,399 @ 7.0% cap · market cap 4.88%
Second Best
Flex RnD
$323.7K
$283.2K – $377.6K
NOI $22,657 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$749.7K
$656.0K – $874.6K
NOI $52,477 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55744, MN
20,096
Population
9,733
Households
2.1
Avg Household Size
45
Median Age
30%
College-Educated
95%
High-School Grad
239.4 sq mi
ZIP Area
84
Density / Sq Mi
$68,213
Median Household Income
$39,232
Median Earnings
$1,014
Median Rent
$232,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Pinched Catering — 1220 S Pokegama Ave Suite 170, Grand Rapids, MN 55744
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building on a sizable parcel with retail or industrial use potential near Golf Course Road and 169 South.
Where is this flex space located?
The property is located at 7 Golf Course Rd Grand Rapids, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Approximately 2.2‑acre commercial site; Flex‑space property with retail or industrial use potential; Building constructed in 1975
