Property profile

404 Main St Littlefork, MN 56653

FOR SALE
Commercial real estate
Property ID
US46-2655766
7,616 SF
Individually Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 404 Main Street in Littlefork, Minnesota, presents a unique investment opportunity. The 21,780 square foot lot houses a thriving, long-established hardware store, currently operating as a full-line Hardware Hank franchise. Built in 1906, the building boasts a rich history and strong community ties, serving a loyal customer base within a 50-mile radius. The business includes a rental department added in 2006, catering to the recreational needs of the area's residents. Littlefork's picturesque location on the Littlefork River offers abundant outdoor recreation opportunities, including hunting, fishing, ATV trails, and snowmobiling, with proximity to Voyageurs National Park further enhancing its appeal. The current owners, operating the business for three generations, are committed to assisting a smooth transition for new ownership. This turnkey operation offers a blend of established success and significant growth potential within a vibrant, outdoor-focused community. The property's strategic location, coupled with the existing business's strong reputation and loyal customer base, makes this a compelling investment prospect for discerning buyers seeking a profitable venture in a desirable Minnesota setting. The asking price for this exceptional property is $594,000. The zip code is 56653. The property is conveniently located 25 miles south of International Falls, MN and the Canadian border.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 7,616 SF
APN 95-010-06070
UPID US46-2655766

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

404 Main St Littlefork, MN 56653
Littlefork metro Census 790300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message