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Property profile & analytics
OFF-MARKET
Specialty properties

502 4 St Bovey, MN 55709

14,992 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Total area 14,992 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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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