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    OFF-MARKET
    Retail properties & Spaces

    350 1St Ave, Grand Rapids, MN 55744

    8,450 SF Built 1903
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Echelon Wealth Partners - Ameriprise Financial Services, LLC Financial Advisor
    • Grand Rapids Area Community Foundation Charitable Organization Social Service Agency
    • Dimich Law Office Law Firm
    • Jennifer Bymark - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
    • Roots Chiropractic Center Alternative Medicine Practice
    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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