22551 County Road 3, Merrifield, MN 56465
This exceptional commercial property, located at 22551 County Road 3 in Merrifield, Minnesota, presents a unique investment opportunity. Boasting 3,035 square feet of space on a 1.6-acre lot, this building enjoys a highly desirable location on a major thoroughfare leading to Cross and Pelican Lakes, experiencing a traffic count exceeding 14,500 vehicles. Its strategic placement near the new roundabout ensures excellent visibility and accessibility. Currently configured as a cabinet shop, the versatile layout allows for diverse uses, including but not limited to a sandwich shop, off-sale liquor store, marine sales, boat rentals, or even multiple businesses operating independently with their own entrances. The building, constructed in 1995, is equipped with three-phase power, a new well, and natural gas, providing ample utilities for a variety of commercial ventures. Its proximity to the old Half Moon Bar further enhances its visibility and potential for attracting customers. The easy access to both County Road 3 and County Road 4 adds to its logistical advantages. This property offers significant potential for growth and profitability in a thriving lakeside community. Don't miss this chance to acquire a prime commercial space in a high-traffic location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.