651 Rose Dr Big Lake, MN 55309
- Commercial real estate
- 11,320 SF
- 0.26 lot acres
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
-
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