350 1St Ave, Grand Rapids, MN 55744
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.
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Echelon Wealth Partners - Ameriprise Financial Services, LLC Financial Advisor
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Grand Rapids Area Community Foundation Charitable Organization Social Service Agency
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Dimich Law Office Law Firm
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Jennifer Bymark - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
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Roots Chiropractic Center Alternative Medicine Practice
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.