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    Property profile & analytics
    FOR SALE
    Commercial real estate

    110 Highway 53, Cook, MN 55723

    868 SF Built 1985
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US46-0466697
    Property summary
    AI-generated overview

    This exceptional .45-acre commercial property in Cook, Minnesota, presents a unique investment opportunity. Located on a prime corner lot at 110 S Highway 53, the property boasts an impressive 158 feet of highway frontage, ensuring high visibility and accessibility. The existing structures include a former car wash building, a one-bedroom, three-quarter bath home, and a detached garage. Ample parking is available, accommodating five to ten vehicles. While the buildings require some updating and tender loving care, the potential for various business ventures is significant. The property's commercial zoning allows for a wide range of uses, making it an ideal canvas for an entrepreneur's vision. The 868 square foot home offers immediate occupancy potential, while the additional structures provide versatile space for expansion or adaptation. This is a rare chance to acquire a well-located commercial property with substantial highway frontage in a thriving community. The property's size and location make it an attractive investment for those seeking a high-impact commercial presence in Cook, MN. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price is $139,500.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1985
    Total area 868 SF
    APN 120-0005-00030
    UPID US46-0466697
    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
    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
    Mary E Gustafson · 4 yrs held
    Mary E Gustafson
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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