311 Water St, Jordan, MN 55352-1520
This exceptional 7,200 square foot industrial property, located at 311 Water Street in the heart of downtown Jordan, Minnesota, presents a remarkable opportunity for a variety of businesses. Recently remodeled, this former auto mechanic shop boasts an impressive array of features ideal for continued use in the automotive industry or adaptable for other industrial applications. The expansive 7,200 square foot main shop area includes two convenient drive-in doors, ensuring easy access for large vehicles and equipment. A substantial basement provides ample storage space, significantly enhancing the property's functionality. The shop is equipped with two vehicle lifts, facilitating efficient vehicle maintenance and repair. Practical floor drains are in place for easy cleanup, and reliable gas heating ensures a comfortable working environment year-round. The property sits on a 0.2-acre lot, offering convenient access and visibility from the main street. The asking price for this turnkey operation is $495,000. This property's prime location, extensive square footage, and well-maintained condition make it an exceptional investment opportunity with significant potential for growth and profitability. Don't miss this chance to acquire a ready-to-go industrial space in a thriving downtown area.
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
Similar Nearby for Sale
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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.