206 Hiawatha E Dr Wabasha, MN 55981-1553
This exceptional business opportunity is located at 206 E Hiawatha Dr, Wabasha, Minnesota. The property boasts a substantial 3,200 square feet of space, perfectly suited for a thriving automotive repair business. The building features three spacious vehicle bays, providing ample room for servicing multiple vehicles simultaneously. An included office space offers a dedicated area for administrative tasks and client interaction. The property sits on a 0.16-acre lot, providing convenient access and excellent visibility. Its prime location along the main road in Wabasha ensures high traffic volume and strong curb appeal, attracting potential customers. The existing setup includes all the essential equipment and infrastructure necessary to immediately commence operations, making this a turnkey opportunity for a new owner. This well-established mechanic shop presents a rare chance to acquire a profitable business with significant growth potential in a desirable location. The asking price for this turnkey operation is $349,500. This represents a significant value for a ready-to-go business with established clientele and a strong reputation within the community. Don't miss this chance to own a successful and established business in the heart of Wabasha.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.