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Property profile

350 1St Ave Grand Rapids, MN 55744

OFF-MARKET
Retail properties & Spaces
8,450 SF Built 1903
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Property summary

AI-generated overview

This exceptional three-story, 8,450 square foot Class B office building, located at 350 NW 1st Ave in Grand Rapids, Minnesota, presents a compelling investment opportunity. Built in 1903 and renovated in 2002, the property boasts eight suites in a traditional office configuration, with 2,750 square feet currently vacant, offering immediate potential for income generation. The building enjoys a prime location on a high-traffic block, providing excellent visibility and multiple signage options for tenants. Convenient access is ensured with multiple entrances to suite F, and a dedicated entrance from 4th Street. Ample parking is available with 47 spaces, and the building is equipped with elevators for easy access to all three floors. Situated in Itasca County, the property's address is 350 NW 1st Ave, Grand Rapids, MN 55744. This well-maintained building offers a blend of historic charm and modern functionality, making it an ideal investment for those seeking a strong presence in a thriving Minnesota community. The property's multiple suite configuration allows for flexibility in tenant occupancy and income streams. The building's location and features make it an attractive option for a variety of businesses.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1903
Total area 8,450 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Charitable Organization Social Service Agency
  • Law Firm
  • Financial Advisor
  • Alternative Medicine Practice

Location

350 1St Ave Grand Rapids, MN 55744
Grand Rapids 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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