Property profile

2nd 2Nd Ave Waite Park, MN 56387

OFF-MARKET
Land
0.88 ac lot
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Property summary

AI-generated overview

This exceptional 0.88-acre commercial land parcel presents a remarkable opportunity for businesses seeking a high-visibility location in Waite Park, Minnesota. Situated on 2nd Ave N, this property enjoys proximity to key amenities and significant traffic flow, being only 240 feet from the highly visible intersection on Division Street. Across the street, a new Tommy's Express Car Wash provides additional foot traffic and visibility. The recently constructed Hilton Garden Inn, Residence Inn by Marriott, and the Park Event Center are conveniently located nearby, further enhancing the area's appeal and attracting a diverse clientele. This prime location is also a short distance from Crossroads Center Mall, the largest mall in Minnesota outside the Twin Cities metropolitan area, ensuring a substantial customer base. Waite Park's thriving economy, fueled by shopping, dining, and recreational activities at the expansive 680-acre quarry park and the new Ledge Amphitheater, makes it an attractive destination drawing visitors from a wide region. The asking price for this exceptional property is $325,000. This presents a unique chance to establish or relocate your business in a vibrant and rapidly growing community. The property is located in Stearns County, Minnesota, with a zip code of 56387.

Property profile

Verified
Property type Land
Lot 0.88 ac (38,333 SF)

Cap rate & NOI

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

Location

2nd 2Nd Ave Waite Park, MN 56387
Waite Park metro
Google Maps

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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