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Property profile & analytics
OFF-MARKET
Auto shops

220 Crocus Hl E St Park Rapids, MN 56470-2532

6,800 SF 5.45 ac lot Built 1979
Entity Owned ~ Est. High Equity
Property ID
US46-2225875
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1979
Total area 6,800 SF
Lot 5.45 ac (237,402 SF)
APN 32.36.00100
UPID US46-2225875
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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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sletten Properties LLC
Sletten Properties LLC
since 2025
3 recorded transactions
2025
Price N/A
2016
Price N/A
2012
$215,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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