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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    404 Main St, Littlefork, MN 56653-9360

    7,616 SF
    Individually Owned Free & Clear
    Property ID
    US46-2655766
    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
    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
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    Owner & transaction history
    MIKE POLKINGHORNE
    MIKE POLKINGHORNE
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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