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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

9378 Us-53 Ray, MN 56669

5,344 SF 10 ac lot Built 1940
Property ID
Property summary
AI-generated overview

This exceptional turn-key business opportunity presents a thriving convenience store, gas station, and grocery store nestled in the heart of Minnesota's scenic Lake Kabetogama vacation community. Located at 9378 US-53 in Kabetogama, St. Louis County, this well-established establishment boasts a substantial 5,344 square feet of retail space situated on a generous 10-acre lot. Built in 1940, the property enjoys a prime location at the entrance to Voyagers National Park, ensuring a steady stream of year-round customers, with a significant increase during the peak summer season. The diverse product offerings include gas, diesel, propane, groceries, liquor, hardware, sporting goods, bait, tackle, fishing licenses, lottery tickets, a limited food service menu, clothing, and gifts, catering to a wide range of customer needs. The strong cash flow is further enhanced by a three-bedroom apartment above the store, ideal for owner-operator occupancy. This presents a unique opportunity to acquire a well-established business with significant growth potential in a desirable location. The asking price for this exceptional property is $799,000. This is an owner/user investment opportunity. The property is zoned for retail use.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1940
Total area 5,344 SF
Lot 10 ac (435,600 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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