401 4Th St Courtland, MN 56021
- Commercial real estate
- 13,686 SF
- 82.49 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 401 4Th St
- Year built
- 1981
- Construction
- STEEL FRAME
- Lot size
- 82.49 lot acres
- Property size
- 13,686 SF
- Property type
- Commercial real estate
- APN
- 14.892.0080
- APU
- 148920080
Description
This exceptional business opportunity encompasses a fully operational sawmill situated on a sprawling 41.24-acre lot in Courtland, Minnesota. The property boasts substantial existing structures, ideal for immediate use and expansion. The main building offers a generous 13,686 square feet of space, complemented by a 3,000 square foot planer building, a 1,020 square foot outbuilding, a 660 square foot steambox, an 800 square foot kiln, and two sizable warehouses totaling 22,400 square feet (11,200 sq ft each). An additional 1,200 square foot electric building provides further utility. The total building square footage across all structures is 42,766 square feet. This expansive property presents a rare chance to acquire an established business with significant growth potential. The seller is open to considering contract for deed financing, offering a flexible acquisition option for qualified buyers. All measurements should be independently verified by the buyer. This turnkey operation is ready for a new owner to capitalize on its established infrastructure and market position. The property's size and existing buildings provide ample room for expansion and diversification of operations. This is a unique opportunity to own a substantial commercial property in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $210,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $260,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $265,000
- Mixed-Use
- $255,000
- Hospitality
- $230,000
- Educational
- $255,000
- Residential Income
- $245,000
- Energy
- $235,000
- Income-Based Land
- $215,000
- Food Service
- $240,000
Location Insight
- Map
- Local Demand
- City
- Courtland
- County
- Nicollet
- State
- Minnesota
- Longitude
- -94.3353
- Latitude
- 44.2627
- CBSA code
- 31860
- CBSA name
- MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA