220 Crocus Hl E St Park Rapids, MN 56470-2532
This exceptional investment opportunity presents a well-established automotive repair business in Park Rapids, Minnesota. The property boasts a substantial 6,800 square-foot shop building situated on a generous 5.45-acre lot, offering significant expansion potential. The main building features four bays equipped with 14-foot doors, providing ample space for various automotive services. Inside, you'll find a nicely finished office area and a comfortable customer waiting area. The property is conveniently located on the edge of town, ensuring easy access for customers while benefiting from city utilities. Built in 1979, the property includes two buildings, both single-story structures, and is zoned for commercial use. The asking price is $699,900, translating to $102.93 per square foot. The property includes 10 parking spaces, making it convenient for both customers and employees. This turnkey operation offers a rare combination of established business, ample space, and significant land for future growth, making it an ideal investment for an entrepreneur seeking a profitable venture in a desirable location. The property is comprised of one unit, with a total net rentable area of 6,800 square feet. This is a prime opportunity to acquire a thriving business with substantial growth potential in a strong market.
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
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.