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    OFF-MARKET
    Retail space

    1 2nd NW St, Aitkin, MN 56431-1317

    3,000 SF Built 1900
    Entity Owned Free & Clear
    Property ID
    US46-2000522
    Property summary
    AI-generated overview

    Prime downtown Aitkin location on a high-visibility corner of Highways 210 and 169, this 5,000 sq ft property boasts a well-established flower shop with a strong online presence and loyal customer base spanning a 40-mile radius. The business has a proven track record of success for over 50 years, generating significant revenue through both in-store sales and its user-friendly website, which accounts for approximately 75% of flower sales. The versatile space offers potential for continued operation as a flower shop or adaptation to other business ventures. Adding to the investment potential are four income-generating apartments located above the retail space: two 1-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units, all occupied by long-term tenants with secure keyed access. The property sits on a 0.07-acre lot and features a roof replaced just 5 years ago. Aitkin offers a charming small-town atmosphere with vibrant community events, beautiful natural surroundings, and proximity to recreational activities. This presents a unique opportunity to acquire a thriving business with significant upside potential in a desirable location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1900
    Total area 3,000 SF
    APN 56-1-004800
    UPID US46-2000522
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Aitkin Flowers & Gifts (Bike/Boat/Book/etc) Store Florist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    MINNESOTA AVENUE CREATIONS INC
    MINNESOTA AVENUE CREATIONS INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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