500 Platt Ave, Nashwauk, MN 55769
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.
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
Similar Nearby for Sale
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.