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    243 3Rd St Bayport, MN 55003

    Sponsored
    For Sale
    $775,000

    Downtown Bayport storefront, 3,576 sq ft, private parking.

    Property size:
    3,576 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail investment opportunity presents a prime storefront property located in the heart of downtown Bayport, Minnesota. The property, situated at 243 3rd St N, boasts a total of 3,576 square feet of commercial space, spread across two contiguous buildings. This is a rare find, offering a substantial amount of space in a highly desirable location. The asking price is $775,000, translating to $216.72 per square foot. A significant advantage is the inclusion of a hard-to-find private parking lot, a valuable asset for both the owner and potential tenants. The property's location in downtown Bayport ensures high visibility and accessibility to a thriving community. It's important to note that while the property comprises two buildings, they are being sold as a single unit

    Property Features for 243 3Rd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,576 SF

    HighLights

    • Prime retail/commercial building in downtown Bayport.
    • Excellent downtown Bayport location.
    • Rare private parking lot included.
    • Two contiguous buildings totaling 3,576 square feet (cannot be sold separately).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bayport
    County
    Washington
    State
    Minnesota
    Longitude
    -92.779555724378
    Latitude
    45.017916198908

    Nearby Comparable

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    Nearby Similar for Sale

    • $775,000
      4,656 SF

      Retail Building with Private Parking

      3,576 SF retail building in downtown Bayport with parking.
      243 3Rd St N, Bayport, MN 55003
      View Details
    • $775,000
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      Bayport Commercial Building - Prime Location

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Bayport storefront, 3,576 sq ft, private parking.
    Where is this individual retail property located?
    The property is located at 243 3Rd St Bayport, MN.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: Prime retail/commercial building in downtown Bayport.; Excellent downtown Bayport location.; Rare private parking lot included.
    Request Owner's contact information
    243 3Rd St Bayport, MN 55003
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    Bayport, MN 55003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    243 3Rd St Bayport, MN 55003
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