Property Listing No Longer Available for Sale

18 3rd Avenue SE, Norwood Young America, MN

Others for Sale - $628,000 - 14,546 Sq. Ft. on 0.4 acres


Property Info

CIMLS#1059849
Location
  18 3rd Avenue SE
  Norwood Young America MN 55397
UpdatedJune 10th, 2020
TypeOthers
Price$628,000
Building14,546 Sq. Ft.
Land0.4 acres

Property Description


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




Financials