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    OFF-MARKET
    Retail properties & Spaces

    202 2Nd St, Nashwauk, MN 55769

    11,778 SF 0.65 ac lot Built 1978
    Property ID
    Property summary
    AI-generated overview

    This 11,778 square foot grocery store building in Nashwauk, Minnesota, presents a unique investment opportunity. Located at 202 2nd St, 55769, this single-story, 1978-built structure sits on a 0.65-acre lot and offers ample parking for 36 vehicles. The building features a spacious retail area, a fully equipped deli section, dedicated office space, and separate prep areas ideal for food or meat preparation. The property includes heating and air conditioning systems. The building's roof is newer. Currently vacant, this property is perfectly positioned to capitalize on the area's demand for grocery services, with the nearest competitor located 13 miles away. A new school under construction in Nashwauk further enhances the potential for increased customer traffic. Included in the sale is a building with coolers owned by the SBA

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1978
    Total area 11,778 SF
    Lot 0.65 ac (28,314 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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