704 3rd N Ave, Aurora, MN 55705-1268
This exceptional commercial property in Aurora, Minnesota, presents a remarkable opportunity for a variety of businesses. Located on a 0.57-acre lot at 704 W 3rd Ave N, this former Family Dollar store boasts 8,346 square feet of versatile space. The layout includes a large retail area, perfect for showcasing products or services, a dedicated storage room for inventory management, a private office for administrative tasks, and two convenient single-stall restrooms. The property features a well-maintained asphalt parking lot with 31 spaces, ensuring ample parking for customers and employees. Built with durability in mind, the building features a metal roof and steel siding, minimizing maintenance requirements and ensuring long-term cost-effectiveness. Benefit from excellent visibility on Minnesota Highway 135, a high-traffic area with an average annual daily traffic count of 4,693 vehicles. A prominent mast sign further enhances visibility, ensuring your business stands out to potential customers. The property is zoned for commercial use, offering flexibility for a wide range of business ventures. Priced at $299,000, this property represents an outstanding investment opportunity in a thriving community. Don't miss out on this chance to establish your business in a prime location with significant potential for growth.
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
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.