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    OFF-MARKET
    Commercial real estate

    33040 Aspenwood Dr, Jenkins, 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 at 33040 Aspenwood Drive in Jenkins, Minnesota, presents a unique investment opportunity. Currently operating as the Sunset Cinema, a five-screen movie theater, the building's versatile design allows for a multitude of uses. A new owner could continue the successful theater operation, capitalizing on its established presence and loyal customer base. Alternatively, the expansive space is ideally suited for conversion into a large-scale industrial facility, offering ample room for manufacturing, warehousing, or distribution. The property's high visibility location just off Highway 371, between Pequot Lakes and Jenkins on County Road 16, ensures significant traffic exposure. The large parking lot provides ample space for customer parking or outdoor display areas, further enhancing its appeal for retail or industrial uses. Its strategic position along the heavily trafficked Highway 371 corridor provides easy access to the surrounding communities of Pequot Lakes, Jenkins, Nisswa, Pine River, and Backus, making it an attractive location for businesses seeking to reach a wide customer base. The property's size, location, and adaptability make it a highly desirable asset with significant potential for future growth and profitability. The asking price is $675,000.

    Property profile
    Verified
    Property type Commercial real estate
    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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