119 Main E St Remer, MN 56672
- Commercial real estate
- 2,040 SF
- 0.22 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 119 Main E St
- Lot size
- 0.22 lot acres
- Property size
- 2,040 SF
- Property type
- Commercial real estate
- APN
- 95-337-0405
- APU
- 953370405
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $175,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $205,000
- 6.5%
- $220,000
- 7%
- $210,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $185,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $185,000
- Retail
- $200,000
- Mixed-Use
- $170,000
- Hospitality
- $190,000
- Educational
- $180,000
- Residential Income
- $225,000
- Energy
- $195,000
- Income-Based Land
- $220,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Remer
- County
- Cass
- State
- Minnesota
- Longitude
- -93.915
- Latitude
- 47.056
- CBSA code
- 14660
- CBSA name
- BRAINERD, MN MICROPOLITAN STATISTICAL AREA