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    OFF-MARKET
    Grocery and convenience stores

    123 2nd St, Roosevelt, MN 56673-4005

    3,096 SF 0.2 ac lot Built 1900
    Individually Owned Free & Clear
    Property ID
    US46-2622753
    Property summary
    AI-generated overview

    Exceptional investment opportunity in Roosevelt, Minnesota! This property at 123 2nd Street offers a thriving, turnkey grocery business alongside significant real estate potential. The 8,712 square foot lot houses a well-established grocery store, complete with all necessary inventory, equipment, and fixtures. This includes coolers, freezers, shelving units, a fully equipped meat department featuring grinders and a saw, and all other equipment needed for immediate operation. The building itself was constructed in 1900, providing a unique blend of historical charm and modern functionality. The asking price is $209,000, representing a compelling entry point into the Minnesota commercial real estate market. This property presents a rare chance to acquire both a profitable, established business and a valuable piece of land in the desirable Roseau County, Minnesota, with the zip code 56673. The location offers excellent visibility and accessibility, ensuring continued success for the existing grocery store or potential for future development. This is a truly unique opportunity for an investor seeking a blend of immediate income and long-term growth potential. The property is ready for immediate operation, minimizing start-up costs and maximizing return on investment. Don't miss this chance to own a piece of Roosevelt's thriving commercial landscape.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1900
    Total area 3,096 SF
    Lot 0.2 ac (8,712 SF)
    APN 53.0090700
    UPID US46-2622753
    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
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    Owner & transaction history
    KNUTSON DEAN M
    KNUTSON DEAN M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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