502 4 St Bovey, MN 55709
This exceptional commercial property, located at 502 4th Street in Bovey, Minnesota, presents a unique investment opportunity. The 14,992 square foot lot is currently improved with a building previously used as a bus depot. The structure features eleven oversized garage doors, providing ample access for various commercial uses. Inside, the building offers a sizable office space, along with a dedicated storage or supply room. An upper mezzanine level provides additional space, currently housing some of the building's mechanical systems. The property's zoning and permitted uses should be independently verified. This property is situated in Itasca County, Minnesota, with the zip code 55709. Its strategic location offers excellent potential for a variety of commercial ventures, from warehousing and distribution to light industrial operations or even redevelopment into a different type of commercial space. The asking price for this substantial property is $99,000. Given the size and existing infrastructure, this represents a compelling value proposition for investors seeking a significant footprint in a growing market. The property's unique features and substantial square footage make it an attractive option for entrepreneurs and businesses seeking a versatile and adaptable space. Serious inquiries are encouraged to explore the possibilities this property offers.
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.