$628,000

18 3rd Ave SE

Norwood Young America MN, 55397

Description

The Feed Mill Building, with its amazing lake views, is a fantastic business opportunity. This vacant 9,290 sf building will work for one or multiple tenants. As you will see on the attached projected pro-forma, based on a $8.00 per sf NNN lease (9,260 sf), 11.2% Cap rate and 24% Cash on Cash return, this opportunity cash flows! The building is in great condition. The Feed Mill Building could be turn-key for an owner-occupied that would like to open an event center or restaurant with entertainment, which it is currently zoned for. Zoned C-3; specialized service, retail and office and its existing commercial kitchen just passed Health Department inspection. The back deck has beautiful views of Young America lake. The former owner put many high-end touches into this building. The floor plan flow is truly unique. As the population of the region has grown, so has the variety of industries, services, and businesses located in the area.

Details

MLS#5321188
Sub-TypeResale
StatusActive
Year1900
Days On Site39

Features

SQ Feet9,290
Story(s)1
Units3
ZoningBusiness/Commercial

Market Activity 55397

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Area Information

StateMN
CountyCarver
CityNorwood Young America
Zip Code55397
AreaNorwood Young America (MN)
Listing VS Median (in 55397)
Price:
$628,000
low | high
Med:
$251,900
100% of Average
SqFt:
9,290
low | high
Med:
1,362
100% of Average
$ / SqFt:
$68
low | high
Med:
$185
100% of Average
On Site:
39
low | high
Med:
306
12.745098039216% of Average
Listing Updated: 11/19/2019
MLS Number: 5321188
Listing Provided By:
Tina Swanson  of  Coldwell Banker Burnet
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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