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Financial
Distress signals
Property profile

23836 Smiley Rd Nisswa, MN 56468

FOR SALE
Other office properties
Property ID
US46-0487370
7,037 SF 2.65 ac lot Built 2002
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A three-story commercial facility totaling approximately 14,642 sq. ft., located along Hwy 371 in Nisswa with visibility from a primary Lakes Area corridor near the Hwy 371 and CR 77/CR 13 stoplight intersection. The property is configured for uses such as an entertainment venue, restaurant, reception hall, brewery concept, or creative office/retail. On the main level, it provides a large open reception/event area and a commercial kitchen with walk-in coolers, plus a separate entertainment area…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value$1.10M
Assessed land$199k
Assessed improvement$901k
Effective rate1.69%

Value estimate

· Oct 2026
$1.10M
$986k – $1.20M
CAP approach$1.07M
Submarket $/SF estimate$1.12M
NOI build-up
Gross scheduled income$128k
Vacancy & credit loss−$5k
Operating expenses−$37k
NOI · 5.36% cap applied$86k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
5.36%
$86k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCROW WING

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service8.6
Tailor Shop8.6
Smoke and Vape Shop8.2

Location

23836 Smiley Rd Nisswa, MN 56468
County assessor Recorded deeds · not on file 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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