Property profile

48349 Luce St Perham, MN 56573

OFF-MARKET
Commercial real estate
1,728 SF Built 2024
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Property summary

AI-generated overview

This exceptional investment opportunity presents four distinct commercial storage buildings situated on Luce Street in Perham, Minnesota. Conveniently located off County Highway 60, these units offer easy access to US Highway 10, placing them within a short five-mile radius of Perham, Frazee, and Vergas. The buildings are constructed with durable steel exteriors and feature cement slabs with aprons. Each unit includes basic electrical service and a stick-built framework. Sizes range from 36x48 square feet to a substantial 48x80 square feet, catering to a variety of storage needs. The base price of $86,400 applies to the 36x48-foot building. Buyers have the flexibility to customize their units with a range of add-on options, including finished interior walls, various heating systems, and enhanced security features. This property is part of a common interest community, ensuring low association costs and streamlined management. The strategic location and adaptable design make this an ideal investment for entrepreneurs, businesses, or individuals seeking secure and accessible storage solutions. The property's proximity to major transportation routes ensures convenient access for clients and efficient logistics. This is a rare opportunity to acquire high-quality commercial storage space in a thriving area.

Property profile

Verified
Property type Commercial real estate
Year built 2024
Total area 1,728 SF

Cap rate & NOI

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

Location

48349 Luce St Perham, MN 56573
Perham metro
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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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