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    OFF-MARKET
    Drive through restaurants

    926 Central NE Ave, East Grand Forks, MN 56721-1912

    4,954 SF 1.87 ac lot Built 2000
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US46-2032413
    Property summary
    AI-generated overview

    This prime East Grand Forks, MN commercial property offers a unique investment opportunity. The 4,945 square foot building, formerly a Burger King, sits on an expansive 81,457 square foot lot and is zoned for commercial/industrial use. Built in 2000, the single-story Class B building features ample parking and pylon signage, enhancing its visibility on a high-traffic corner lot at Central Ave NE and 10th St. The property's strategic location near Alerus Center, Ralph Engelstad Arena, and several schools ensures high visibility and foot traffic. With over 15,000 vehicles passing daily, this location offers exceptional potential for various uses, including medical office, QSR, or storefront retail. The asking price is $750,000, translating to $151.67 per square foot for the building and $9.21 per square foot for the land. The property includes existing restaurant equipment. This versatile property presents a compelling opportunity for investors seeking a foothold in a thriving market. The substantial lot size allows for future development, maximizing the return on investment. Don't miss this chance to acquire a well-positioned commercial property in a high-growth area.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 2000
    Total area 4,954 SF
    Lot 1.87 ac (81,501 SF)
    APN 83.03821.00
    UPID US46-2032413
    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
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    Owner & transaction history
    MNPLUS LLC
    MNPLUS LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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