123 2nd St, Roosevelt, MN 56673-4005
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.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.