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Property profile & analytics

651 Rose Dr Big Lake, MN 55309

  • Commercial real estate
  • 11,320 SF
  • 0.26 lot acres
Value Estimation
$350,000
Location Intelligence
Property ID
US46-1107534
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Snap Fitness Big Lake / Gym
  • Grind Nutrition / Cafe
  • Two Cute Boutique / Children'S Store

Property Details for 651 Rose Dr

Year built
1984
Lot size
0.26 lot acres
Property size
11,320 SF
Property type
Commercial real estate
APN
65-556-0006
APU
655560006

Description

This 1,250 sq. ft. restaurant space is located in the Lake Shopping Center in Big Lake, Minnesota, offering exceptional visibility and accessibility. Situated just one block from Highway 10, boasting a daily traffic count of 21,000 vehicles, this property benefits from high traffic volume and strong local consumer base. The shopping center is anchored by well-established businesses like Lake Liquors and Hardware Hank, and includes other tenants such as Snap Fitness, Grind Nutrition, Two Cute Boutique, and Subway, creating a vibrant and diverse retail environment. The space itself features a fully equipped commercial kitchen, including a walk-in cooler, which will be available to the new tenant. A private bathroom is conveniently located within the suite. The property also offers a shared common area vestibule for customer seating and a prime signage location on the building's side facing Highway 10, ensuring maximum brand exposure. Big Lake's population of over 11,000 (2020 census), with a significant portion residing within a three-mile radius, guarantees a strong local customer base. The property's proximity to major housing developments and the Big Lake School District further enhances its appeal and potential for success. This is a turn-key opportunity for a restaurant operator seeking a high-visibility location in a thriving community.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $390,000
  • CAP approach

    CAP return
    Estimation
    6%
    $305,000
    6.5%
    $300,000
    7%
    $290,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $250,000
    Geo Method
    $265,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $305,000
    Retail
    $285,000
    Mixed-Use
    $300,000
    Hospitality
    $255,000
    Educational
    $270,000
    Residential Income
    $335,000
    Energy
    $290,000
    Income-Based Land
    $325,000
    Food Service
    $310,000

Location Insight

  • Map
  • Local Demand
City
Big Lake
County
Sherburne
State
Minnesota
Longitude
-93.7373
Latitude
45.3339
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,776
$191,900
$296,700
$488,600
-
$191,900
$296,700
$488,600
More about this property
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