Property profile

8310 Joseph St Babbitt, MN 55706

OFF-MARKET
Commercial real estate
Property ID
US46-1603213
4,448 SF Built 2000
Trust Owned 17-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 8310 Joseph Street in Babbitt, Minnesota, presents a unique investment opportunity. The building boasts a substantial 4,448 square feet of space, offering ample room for a variety of business ventures. Situated on a generous 1.01-acre lot, the property provides ample parking and potential for expansion or outdoor operations. The address, 8310 Joseph Street, places the property in a convenient location within Babbitt, offering easy access to local amenities and transportation routes. The property's versatility makes it suitable for a wide range of commercial uses, from retail and office space to light industrial or storage. The asking price of $399,900 represents a compelling value for a property of this size and location in the Babbitt market. Serious inquiries are encouraged to explore the possibilities this property offers. The substantial square footage and expansive lot size provide significant potential for growth and adaptation to meet the needs of a diverse range of businesses. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Further details and viewing arrangements can be made upon request. Don't miss this chance to secure a prime commercial asset in Babbitt, Minnesota.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2000
Total area 4,448 SF
APN 625-0030-00220
UPID US46-1603213

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Location

8310 Joseph St Babbitt, MN 55706-8104
Babbitt metro Census 15401 DULUTH, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$843k
Blend (final) Blend
$270k

Owner & transaction history

since 2008
2 recorded transactions
2008
Price N/A
2006
Price N/A

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?”
You own 8310 Joseph St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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