106 Main Ave Frazee, MN 56544
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.
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The Hive Nutrition Community Center
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
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.