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    OFF-MARKET
    Retail space

    243 3rd N St, Bayport, MN 55003-1028

    3,490 SF Built 1940
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US46-1926080
    Property summary
    AI-generated overview

    This exceptional commercial property at 243 3rd Street North in Bayport, Minnesota, presents a rare opportunity for business owners seeking a high-visibility location. The property boasts a total of 4,656 square feet of space, strategically divided between a main floor of 3,576 square feet and a 1,080 square foot basement. This versatile layout is ideal for a variety of commercial uses, offering ample room for retail operations, office space, or a combination thereof. The building's prime downtown location ensures high foot traffic and excellent visibility, maximizing exposure to potential customers. A significant advantage of this property is the inclusion of private parking, a rare and highly desirable feature in this area. This eliminates the challenges often associated with finding parking for customers and employees. It's important to note that this listing encompasses two adjacent buildings, which are being sold together as a single unit

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1940
    Total area 3,490 SF
    APN 11-029-20-22-0093
    UPID US46-1926080
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    R & H PROPERTY LLC
    R & H PROPERTY LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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