1 2nd NW St, Aitkin, MN 56431-1317
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.
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Aitkin Flowers & Gifts (Bike/Boat/Book/etc) Store Florist
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.