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Property profile & analytics
OFF-MARKET
Bowling alleys

106 Main Ave Frazee, MN 56544

8,280 SF 0.25 ac lot Built 1996
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US46-2356707
Property summary
AI-generated overview

This 6,280 square foot commercial building, constructed in 1996, presents a compelling investment opportunity in downtown Frazee, Minnesota. Situated on a 0.25-acre lot at 106 W Main Avenue, the property boasts significant income potential from its existing rental operations. The building offers ample space for various commercial uses, with a substantial portion currently generating revenue. A notable feature is the inclusion of approximately 2,000 square feet of unfinished space, ideal for conversion into a valuable addition such as climate-controlled self-storage units. The property's energy efficiency is a significant advantage, featuring a newer natural gas forced-air furnace, minimizing maintenance needs and operational costs. The seller is offering a $10,000 credit towards the buyer's closing costs, making this an even more attractive proposition. This versatile property is well-positioned for continued growth and profitability, offering a strong return on investment for the discerning buyer. The building's durable construction ensures long-term value and minimal upkeep. Don't miss this chance to acquire a prime commercial property in a thriving downtown location.

Property profile
Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1996
Construction STEEL FRAME
Total area 8,280 SF
Lot 0.25 ac (10,780 SF)
APN 500398000
UPID US46-2356707
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
  • The Hive Nutrition Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Timothy Conklin · 5 yrs held
Timothy Conklin
since 2021
Last sale
$40,000
2 recorded transactions
2021
$40,000
2012
$200,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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