601 3Rd St Roseau, MN 56751
- Commercial real estate
- 2,288 SF
- 2.43 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 601 3Rd St
- Year built
- 1959
- Lot size
- 2.43 lot acres
- Property size
- 2,288 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property boasts an enviable location on Highway 11 in Roseau, Minnesota, offering over 300 feet of prime road frontage adjacent to a Holiday Station. The 2.43-acre parcel includes two separate buildings currently generating income via month-to-month leases. The first structure is a 26' x 116' retail space, ideal for a variety of businesses. The second building is a substantial 40' x 80' quonset hut, offering versatile storage or workspace potential. Both buildings are currently occupied, providing immediate cash flow for the new owner. The property's high visibility and strategic location on a major thoroughfare present almost limitless potential for future development and expansion. This is a rare opportunity to acquire a well-situated, income-producing commercial property in a thriving Minnesota community. The substantial lot size offers ample room for future growth or additional building construction. The existing tenants provide a stable income stream while allowing for future leasing strategies to maximize profitability. This property is priced to sell at $425,000 and represents a strong investment opportunity.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roseau
- County
- Roseau
- State
- Minnesota
- Longitude
- -95.77087
- Latitude
- 48.84863