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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    105 Central Blvd, Babbitt, MN 55706-1247

    2,592 SF 0.6 ac lot Built 1960
    Individually Owned 6-yr Hold
    Property ID
    US46-1607348
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1960
    Construction WOOD FRAME
    Total area 2,592 SF
    Lot 0.6 ac (26,136 SF)
    APN 105-0080-00052
    UPID US46-1607348
    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
    • Rural Living Environments Social Service Agency Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Andrew E Comstock · 6 yrs held
    Andrew E Comstock
    since 2020
    Last sale
    $68,406
    3 recorded transactions
    2020
    $68,406
    2019
    $1,000
    2017
    $85,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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