119 Main E St, Remer, MN 56672
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.
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.