Property profile

7125 Highway 61 W Tofte, MN 55615

FOR SALE
Commercial (General)
Property ID
US46-1768082
5,528 SF 1.34 ac lot Built 1962
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Property summary

AI-generated overview

The property is a commercial retail building configured for grocery and liquor store use, located directly on Highway 61 on the North Shore. The main building was originally constructed in 1962 and includes four additions, with the most recent addition completed in 2020 and a remodel completed in 2024. The structure is built with block construction supported by steel beams, and includes a steel roof addition completed in 2018 and a loading dock. The building area is approximately 5,528 square feet, situated on a 0.58-acre lot. Notable improvements include newer refrigeration coolers, an updated point-of-sale system, an owned automated teller machine, and a boiler with a heat reclamation system.

Property profile

Verified
Property type Commercial (General)
Year built 1962
Total area 5,528 SF
Lot 1.34 ac (58,370 SF)
APN 25-022-3245
UPID US46-1768082

Cap rate & NOI

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

Location

7125 Highway 61 W Tofte, MN 55615
Tofte metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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