Property profile

33040 Aspenwood Dr Pequot Lakes, MN 56472

OFF-MARKET
Retail properties & Spaces
14,428 SF 2.31 ac lot Built 2004
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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

Location

33040 Aspenwood Dr Pequot Lakes, MN 56472
Pequot Lakes metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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