$1,350,000
$1,500,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
111 3rd ST NE Baudette, MN 56623
2 Acres Lot
Key Details
Sold Price $1,350,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6029298
Sold Date 07/21/21
Year Built 1985
Annual Tax Amount $12,040
Tax Year 2021
Contingent None
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions 425'x500'
Property Description
Dream business opportunity! After 23 years of building a rock-solid reputation for owning and operating a profitable, first-class furniture business, the owners are retiring. A quick look at the showroom floor and it's obvious this business was built from the ground up with a passion for delivering top-quality home furnishings at reasonable prices. Service area is more than 100 miles and includes the under-served Canadian province of Ontario. The 22,000 sq. ft. block building, built to Federal standards and very well maintained, includes fixtures, inventory, equipment and delivery vehicle. This opportunity couldn't be more ''turn-key'' and is located near the Rainy River and Lake of the Woods, world renown for its superb fishing and recreation. The past three months plus have generated record sales!! CAP rate of approximately 9.2% based on asking price.
Sellers will consider all reasonable offers!
Location
State MN
County Lake Of The Woods
Zoning Business/Commercial
Interior
Heating Forced Air, Hot Water, Radiant
Cooling None
Fireplace No
Exterior
Parking Features Gravel, Asphalt, Garage Door Opener, Heated Garage, Unassigned
Garage Spaces 2.0
Utilities Available Heating Common
Roof Type Flat,Rubber
Present Use Professional/Office
Building
Foundation 150140
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Lake Of The Woods
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