33040 Aspenwood Dr, Pequot Lakes, MN 56472
This exceptional 14,428 square foot commercial property, situated on a 2.31-acre lot in Pequot Lakes, Minnesota (APN 26350547), presents a unique investment opportunity. Built in 2004, the building currently operates as a five-screen movie theater, offering flexibility for a new owner to continue this established business or explore alternative uses. The Highway Business District (C-2) zoning allows for a wide range of possibilities, including large-scale industrial facilities or open-display retail spaces. The expansive 118-space parking lot provides ample room for customers or inventory display. Conveniently located off Highway 371, between Pequot Lakes and Jenkins on County Road 16, this property enjoys high visibility and easy access for those traveling along the popular north woods corridor, serving Pequot Lakes, Jenkins, Nisswa, Pine River, and Backus. The asking price is $675,000. This prime location and versatile zoning make this property an attractive investment with significant potential for growth and return. The address is 33040 Aspenwood Drive, Pequot Lakes, MN 56472.
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
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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.