105 Central Blvd, Babbitt, MN 55706-1247
This exceptional 5,184 square foot office building, situated on a 0.6-acre lot at 105 Central Boulevard in Babbitt, Minnesota, presents a unique opportunity for businesses seeking a well-appointed and conveniently located workspace. The property boasts nine individual offices, providing ample room for a diverse workforce or expanding operations. A large conference room, comfortably seating fifteen, is ideal for meetings, presentations, and collaborative efforts. The interior features attractive hardwood floors, contributing to a professional and sophisticated atmosphere. Beyond the functional workspace, the building offers a generous outdoor area, perfect for employee breaks, informal gatherings, or client entertainment. The central location ensures easy accessibility for employees and clients alike, while the low property taxes represent a significant financial advantage. Abundant parking is available on-site, eliminating the hassle of finding parking in a busy area. This turnkey office building provides everything needed to establish and grow a successful business, making it an exceptional investment opportunity. The combination of space, amenities, and location makes this property a truly compelling option for discerning businesses.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
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.