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    OFF-MARKET
    Retail properties & Spaces

    33040 Aspenwood Dr, Pequot Lakes, MN 56472

    14,428 SF 2.31 ac lot Built 2004
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2004
    Total area 14,428 SF
    Lot 2.31 ac (100,624 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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