Property profile

1008 Broadway Pelican Rapids, MN 56572

OFF-MARKET
Commercial real estate
Property ID
US46-1312670
8,000 SF Built 2005
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 8,000-square-foot retail space is ideally situated at 1008 South Broadway in Pelican Rapids, Minnesota, zip code 56572. The property, categorized as a single-tenant retail building, offers a completely vacant space ready for immediate occupancy. Built to high standards, the building underwent a comprehensive renovation in 2014, ensuring modern amenities and a fresh, updated aesthetic. The property's location on South Broadway provides excellent visibility and accessibility for customers, making it an attractive option for a variety of retail businesses. With its substantial square footage and recent renovation, this property presents a unique opportunity for businesses seeking a prominent presence in the thriving Pelican Rapids market. The building's single-tenant occupancy allows for complete customization and control over the space, enabling businesses to design their ideal retail environment. The property is available for lease and offers a blank canvas for a discerning tenant to establish a successful and impactful retail operation. Interested parties are encouraged to inquire for further details and leasing information. The property's latitude and longitude coordinates are 46.5591495 and -96.084145 respectively.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Total area 8,000 SF
APN 76000990179000
UPID US46-1312670

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1008 Broadway Pelican Rapids, MN 56572-4701
Pelican Rapids metro Census 960300 FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$850k
Comparable Approach Comparable
$931k
Blend (final) Blend
$285k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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