Commercial/Apartment Bldg. Downtown Grand Rapids

Grand Rapids, MN
Itasca County


Asking Price: Annual Revenue:
$595,000 $72,300

Commercial Real Estate: For Lease Commercial Properties


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RE: Commercial/Apartment Bldg. Downtown Grand Rapids Broker: Steve Bragg

Quick Facts

Asking Price: $595,000
Annual Revenue: $72,300
Net Profit: Not Disclosed
Cash Flow: $48,134
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $600,000
Year Established: 22
Employees: Not Disclosed
BBN Listing #: 94828483
Broker Reference #: 11021 SLB

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Business Overview:

7,000 square feet commercial/apartment building in downtown Grand Rapids. 1,500 square feet shop/warehouse area, 2,000 square feet retail area plus 3 apartments, all with 12-foot ceilings. New in 1996 with wood frame, steel roof, siding and interior with in-floor heat on 5 city lots including off-street parking for 16+ cars. Includes two nice 1-bedroom and one 2-bedroom apartments. Remodeling done in 2018. For more information, please contact Steve Bragg.

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Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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