Property profile

243 3rd N St Bayport, MN 55003

OFF-MARKET
Retail space
Property ID
US46-1926080
3,490 SF Built 1940
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Art Studio Art Gallery

Location

243 3rd N St Bayport, MN 55003-1028
Bayport metro Census 70704 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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