678 1st W St, Fosston, MN 56542-1009
This exceptional commercial property, located at 678 1st Street West in Fosston, Minnesota, presents a unique investment opportunity. The property, encompassing 10,890 square feet of land, features a completely renovated building constructed in 1940. The building has undergone a comprehensive remodel, with no detail overlooked. The renovation included a complete gutting to the studs, ensuring a modern and updated space ready for immediate occupancy. The property's zoning allows for a mixed-use configuration, ideal for an owner-operator seeking to combine residential and commercial ventures. The building's prime location directly on Highway #2 in Fosston ensures high visibility and accessibility, making it an attractive proposition for a variety of businesses. The asking price for this turnkey commercial property is $199,990. The property is situated in Polk County, Minnesota, with a zip code of 56542. This is a rare chance to acquire a fully renovated commercial building with significant potential in a desirable location. The property's versatility and prime highway frontage make it an excellent investment for both established businesses and entrepreneurs looking to establish a new venture. The spacious layout offers ample room for customization to suit individual business needs. Don't miss this opportunity to own a piece of Fosston's thriving commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.