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    OFF-MARKET
    Commercial real estate

    22551 County Road 3, Merrifield, MN 56465

    3,035 SF 1.6 ac lot Built 1995
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1995
    Total area 3,035 SF
    Lot 1.6 ac (69,696 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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