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June 3, 2020

Retail/Shopping Center For Sale in Lutsen, Minnesota


Property # 1178684 Available $350,000.00


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http://www.land.net/view.php?v_id=1178684


   Property Information

Property Sub-TypeStrip Center
Other Retailn.a.
Property NameClearview General Store
Property Address 15323 Hwy 61
Property Address 2n.a.
Property Town/CityLutsen
Property CountyCook
Property StateMinnesota
Property ZIP/Postal Code 55612
MLS #n.a.
Section/Block/Lotn.a.
Zoningn.a.
Current UseVacant/Owner-Used
Building Sq. Ft.n.a.
Gross Leasable Sq. Ft.2,800
No. Floorsn.a.
Lot Size Sq. Ft.n.a.
Lot Frontage Ft.n.a.
Lot Depth Ft.n.a.
No. Parking Spacesn.a.
Year Builtn.a.
Year Last Renovatedn.a.
Construction Typen.a.
Property Description Lutsen Minnesota tourism town convenience store with gas, groceries, bait, DNR licenses, DVD rentals, sporting & recreation goods and gifts. 2800 square feet of leased space with good cash flow to owner/operator. Established in 1930.
Area DescriptionLutsen is located in Northern Minnesota on the shore of Lake Superior. Year Round Tourism area: camping/hiking/canoeing in summer; snowmobiling/skiing in winter.


   Financial Information

Sales Price $$350,000.00
Gross Revenue $$1,812,297.00
Total Expenses $n.a.
Taxes $n.a.
Net Operating Income $$135,000.00
Cap Rate0.00%
Occupancy Rate0.00%
Price Per Leasable Sq. Ft. $n.a.
Year Ending2019
1031 Exchange?n.a.
Financing/Termscash sale


   Major Tenants

Tenant #1n.a.
Sq. Ft. #1n.a.
Lease Ends #1n.a.
Tenant #2n.a.
Sq. Ft. #2n.a.
Lease Ends #2n.a.
Tenant #3n.a.
Sq. Ft. #3n.a.
Lease Ends #3n.a.
Tenant #4n.a.
Sq. Ft. #4n.a.
Lease Ends #4n.a.
Tenant #5n.a.
Sq. Ft. #5n.a.
Lease Ends #5n.a.

This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information.
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