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    1002 3Rd St Roseau, MN 56751

    Sponsored
    For Sale
    $775,000

    Prime Commercial Land, 11,761 sq ft

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11,761.2 square foot commercial land parcel, located at 1002 3rd Street NE in Roseau, Minnesota, 56751, presents a unique investment opportunity. Built in 1979, the property boasts a highly profitable convenience store currently operating on the site. Strategically positioned on State Highway 11, it enjoys a prominent location as the only convenience store on the east side of Roseau. The business is well-established and recognized locally for its bait and tackle offerings, in addition to a diverse selection of snacks, beverages, hot food, and other convenience items. Significant upgrades have been implemented, including new 12,000-gallon unleaded and 4,000-gallon premium gas tanks, updated siding, and newer shingles. Further enhancing its operational efficiency are features such as a digital sign, walk-in coolers, ice freezers, a commercial-grade coffee and cappuccino maker, food warmers, a bait tank, security cameras, an ARS point-of-sale system, a pay-at-the-pump point-of-sale system, a food preparation room, a spacious office, and two half-bathrooms. Detailed financial information is available for qualified buyers upon request. This property offers a compelling blend of established business and significant real estate potential.

    Property Features for 1002 3Rd St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1979

    HighLights

    • $775,000 asking price.
    • 11,761.2 sq ft commercial land parcel.
    • Located at 1002 3rd Street NE, Roseau, MN 56751.
    • Built in 1979.
    • Includes a highly profitable convenience store with strong local presence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Roseau
    County
    Roseau
    State
    Minnesota
    Longitude
    -95.7483383
    Latitude
    48.8478594

    Nearby Comparable

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    Nearby Similar for Sale

    • $425,000
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      High-Traffic Roseau Commercial Property

      Prime Highway 11 location, two income-producing buildings.
      601 3Rd St, Roseau, MN 56751
      View Details
    • $675,000
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      Roseau Convenience Store - High Profit!

      Established business, prime location, strong financials.
      1002 3Rd St, Roseau, MN 56751
      View Details
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      Roseau Commercial Space For Lease

      High-visibility space, 15,000 sq ft, 3.2 acres.
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      Roseau Commercial Building - Hwy 11 Frontage

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      1084 3Rd St, Roseau, MN 56751
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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, 11,761 sq ft
    Where is this land located?
    The property is located at 1002 3Rd St Roseau, 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: $775,000 asking price.; 11,761.2 sq ft commercial land parcel.; Located at 1002 3rd Street NE, Roseau, MN 56751.
    Request Owner's contact information
    1002 3Rd St Roseau, MN 56751
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    Roseau, MN 56751
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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
    1002 3Rd St Roseau, MN 56751
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