Technical
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Property profile

205 Main Ave Carlos, MN 56319

FOR SALE
Retail space
Property ID
US46-1323894
600 SF Built 1955
Individually Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 600-square-foot commercial building presents a remarkable opportunity for entrepreneurs in the thriving town of Carlos, Minnesota. Situated on Main Avenue, next to the well-established Herby's Bar & Grill, this property enjoys high visibility and significant foot traffic. Constructed of durable block/brick, the building offers lasting value and minimal maintenance needs. The prominent Main Avenue frontage ensures excellent exposure for any business. City services and natural gas are readily available, contributing to efficient and cost-effective operations. Ample parking is conveniently located on Main Avenue, with additional parking and potential land usage options available via access to the city alley. A 10x16 storage shed is included, providing valuable extra storage space. This versatile property is ideal for a variety of commercial uses and represents a sound investment in a desirable location. The combination of prime location, durable construction, and convenient amenities makes this an exceptional opportunity to establish or relocate a business in the heart of Carlos. Don't miss out on this chance to secure your business's future in a vibrant and growing community.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Total area 600 SF
APN 69-0049-000
UPID US46-1323894

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

205 Main Ave Carlos, MN 56319
Carlos metro Census 450500 ALEXANDRIA, MN MICROPOLITAN STATISTICAL AREA
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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
$130k

Owner & transaction history

since 2007
1 recorded transaction
2007
$26,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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