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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    119 Main E St, Remer, MN 56672

    2,040 SF 0.22 ac lot
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US46-1356007
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Total area 2,040 SF
    Lot 0.22 ac (9,583 SF)
    APN 95-337-0405
    UPID US46-1356007
    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
    Kingsman Holdings LLC · 2 yrs held
    Kingsman Holdings LLC
    since 2024
    Last sale
    $175,000
    2 recorded transactions
    2024
    $175,000
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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