$628,000

18 3rd Avenue SE

Norwood Young America MN, 55397

Description

1: The Feed Mill Building, with its amazing lake views, is a fantastic business opportunity. This 14,816 sf building will work for one or multiple tenants. Use a portion of this building for your business and lease the rest. As you will see on the attached projected pro-forma, based on a $5.00-$7.50 per sf lease (13,544 sf rentable), 10.5% Cap rate and 21% Cash on Cash return. 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 ar

Details

MLS#5321188
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site385

Features

Market Activity 55397

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Area Information
StateMN
CountyCarver
CityNorwood Young America
Zip Code55397
Listing VS Median (in 55397)
Price:
$628,000
low | high
Med:
$551,500
62.18152866242% of Average
On Site:
385
low | high
Med:
236.500000
100% of Average
Listing Updated: 08/25/2020
Tina P. Swanson LogoMLS Number: 5321188
Listing Provided By:
Tina P. Swanson  of  Coldwell Banker Burnet

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Northstar MLS.