111 Golf Crse Rd Grand Rapids, MN 55744-3526
- Commercial real estate
- 2.78 lot acres
Current Use by Public Records
- Justice North - Grand Rapids Office / Legal Services / Legal Aid Office
- Dr. Leo L. Hise Jr, Do / Orthopedic Surgeon
- Edward Jones - Financial Advisor: Michelle Rodenberg / Financial Consultant / Finance Broker
- Alan's Physical Therapy of Grand Rapids / Physical Therapy Clinic / Massage Therapist
- Hidden Pines Mental Health, PLLC. / Mental Health Clinic
Property Details for 111 Golf Crse Rd
- Lot size
- 2.78 lot acres
- Property type
- Commercial real estate
- APN
- 91-028-2227
- APU
- 910282227
Description
This exceptional two-story, 5,660 square foot office building, constructed in 1906 and renovated in 2002, presents a unique investment opportunity. Currently classified as a Class B property, it features five individual suites, with one suite totaling 326 square feet currently available for lease. The building boasts a total of 28 parking spaces, providing convenient access for tenants and their clients. Its location offers significant advantages, situated near a hospital and new residential developments, ensuring high visibility and accessibility. The building's traditional office layout is adaptable to various professional needs, including executive and medical office uses. The building is comprised of one structure with no elevators. The property is located in Itasca County and offers a blend of historic charm and modern functionality, making it an ideal space for businesses seeking a well-established presence in a growing area. The multiple tenancy structure provides flexibility for various business sizes and needs. This is a rare opportunity to secure space in a well-maintained building with ample parking and a prime location. Don't miss out on this chance to establish your business in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $255,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $255,000
- Mixed-Use
- $225,000
- Hospitality
- $260,000
- Educational
- $265,000
- Residential Income
- $220,000
- Energy
- $235,000
- Income-Based Land
- $240,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Itasca
- State
- Minnesota
- Longitude
- -93.5324
- Latitude
- 47.2216
- CBSA code
- 24330
- CBSA name
- GRAND RAPIDS, MN MICROPOLITAN STATISTICAL AREA
