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    OFF-MARKET
    Office Spaces

    500 Platt Ave, Nashwauk, MN 55769

    7,754 SF 2.84 ac lot Built 2006
    Property ID
    Property summary
    AI-generated overview

    This exceptional Class A executive office building, situated on a spacious 2.84-acre lot in Nashwauk, Minnesota, presents a unique investment opportunity. The property, located at 500 Platt Ave E, boasts 7,754 square feet of meticulously maintained space, including a full basement, offering ample room for various business needs. Built in 2006, the single-story structure showcases high-quality construction and a stunning modern interior, reflecting its previous use as a bank. Its strategic location between Grand Rapids and Virginia, MN, ensures excellent highway visibility and accessibility, making it ideal for a range of businesses. The property features abundant parking, catering to both employees and clients. The asking price is $995,000, translating to $128.32 per square foot. The property's Assessed Parcel Number (APN) is 95-427-0520 / 0525 / 0526. This versatile property is well-suited for retail or Class A office use, offering a blend of functionality and prime location. Its modern design and ample space provide a compelling opportunity for businesses seeking a high-profile presence in a thriving area. The building's robust construction and attractive interior ensure a comfortable and productive work environment. Don't miss this chance to acquire a truly exceptional commercial property.

    Property profile
    Verified
    Property type Office Spaces
    Year built 2006
    Total area 7,754 SF
    Lot 2.84 ac (123,710 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
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