240 Smt W Ave, Blackduck, MN 56630
This 3,232 square foot warehouse, located at 240 Summit Avenue in Blackduck, Minnesota, presents a unique investment opportunity. Situated in the heart of Blackduck, this property boasts excellent highway visibility, ideal for attracting customers. Its previous use as a well-known restaurant makes it a recognizable landmark in the community. The building's strategic location offers easy access for those traveling to enjoy the recreational opportunities Northern Minnesota has to offer, including fishing and hunting. The property is classified as industrial and land, offering versatility for a range of commercial uses. The asking price is $269,800. The property is zoned for commercial use and is ready for a new owner to establish their business. This is a chance to own a well-established building with high visibility in a thriving community. The property is located in Beltrami County, Minnesota, zip code 56630, and offers significant potential for growth and profitability. The building's size and location make it an attractive option for entrepreneurs seeking a visible and accessible space to launch or expand their business. The property's history as a successful restaurant provides a solid foundation for future success. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location.
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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
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.