Property summary
This exceptional commercial property, situated at 119 Main Street East in Remer, Minnesota, presents a unique investment opportunity. The 3,000 square foot building, located on a 0.2-acre lot in the heart of downtown and directly on MN-200, houses a thriving and fully updated laundry and car wash business. The laundry facility boasts four large-capacity washers ideal for heavy loads, six standard-capacity washers, and ten dryers, ensuring efficient and convenient service for customers. The immaculate and well-maintained space provides a clean and comfortable environment for patrons. The car wash component includes one automatic bay for quick and easy cleaning, and one hand wash bay catering to those preferring a more personalized approach. This combined business model benefits from a high-traffic location, easily accessible to both local residents and tourists traveling along MN-200. The property's prime location and the established nature of the business make it an attractive prospect for a savvy investor seeking a turnkey operation with significant income potential. The asking price is $499,900. This is a rare chance to acquire a profitable, established business in a desirable location. The property is ready for immediate operation and offers a strong return on investment.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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