243 3Rd St Bayport, MN 55003
- Retail space
- 3,490 SF
Current Use by Public Records
- Retail space
Property Details for 243 3Rd St
- Year built
- 1940
- Property size
- 3,490 SF
- Property type
- Retail space
- APN
- 11-029-20-22-0093
- APU
- 1102920220093
Description
This exceptional commercial property at 243 3rd Street North in Bayport, Minnesota, presents a rare opportunity for business owners seeking a high-visibility location. The property boasts a total of 4,656 square feet of space, strategically divided between a main floor of 3,576 square feet and a 1,080 square foot basement. This versatile layout is ideal for a variety of commercial uses, offering ample room for retail operations, office space, or a combination thereof. The building's prime downtown location ensures high foot traffic and excellent visibility, maximizing exposure to potential customers. A significant advantage of this property is the inclusion of private parking, a rare and highly desirable feature in this area. This eliminates the challenges often associated with finding parking for customers and employees. It's important to note that this listing encompasses two adjacent buildings, which are being sold together as a single unit
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $285,000
- 6.5%
- $335,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $305,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $260,000
- Retail
- $275,000
- Mixed-Use
- $320,000
- Hospitality
- $315,000
- Educational
- $290,000
- Residential Income
- $355,000
- Energy
- $345,000
- Income-Based Land
- $360,000
- Food Service
- $290,000
Location Insight
- Map
- Local Demand
- City
- Bayport
- County
- Washington
- State
- Minnesota
- Longitude
- -92.7792
- Latitude
- 45.0181
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
