Listing Agency: Thrive Realty - Duluth r***@remax.net Show Phone

Listed By: Ryan Bayless · License #8323194 Show Phone

Source: Exprealty

Added: May 29 Changed: Jul 20 Last Checked: Aug 11 at 12:13PM

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Investment Insights

Based on property information with market context.

This for-sale commercial property combines a grocery store and liquor store under one roof. The building was originally constructed in 1962 and later expanded with four additions, including work completed in 2020, plus a remodel completed in 2024. Construction includes block walls with steel beams and a steel roof added in 2018. The property also features a loading dock and recent operational and equipment improvements, including new coolers, an updated POS system, and an owned ATM.

The store is located directly on Highway 61 in Tofte, MN.

Updates also include a boiler with a heat reclamation system, supporting the building’s improved functionality for ongoing retail operations.

Key Highlights

• Tofte General Store for sale with grocery store and liquor store operations on Highway 61
• Building originally built in 1962 with 4 additions, including additions in 2020 and remodel in 2024
• Block construction with steel beams and steel roof added in 2018

Property Analytics

Property Profile

Current Use

Grocery and convenience stores

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Auto Repair Shop Grocery & Convenience Store Food Market Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

28

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 55615, MN

282

Population

401

Households

0.7

Avg Household Size

55

Median Age

30%

College-Educated

96%

High-School Grad

189.0 sq mi

ZIP Area

1

Density / Sq Mi

$60,893

Median Household Income

$46,125

Median Earnings

$1,266

Median Rent

$235,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Retail building with grocery and liquor operations, block construction, and multiple additions including updates through 2024.

Where is this grocery and convenience store located?

The property is located at 7125 W Highway 61 Tofte, MN.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Tofte General Store for sale with grocery store and liquor store operations on Highway 61; Building originally built in 1962 with 4 additions, including additions in 2020 and remodel in 2024; Block construction with steel beams and steel roof added in 2018