220 NE 3rd Street

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220 NE 3rd Street

Grand Rapids, MN 55744
Asking Price
$450K
Asset Type
Special-purpose
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located in the commercial center of Grand Rapids Minnesota.
  • Property features 5500 square feet of usable space.
  • The site is currently offered for sale at 449900.
  • Special purpose asset ideal for flexible operational requirements.
  • Infrastructure supports accessibility within the local regional economy.

What's Special

Grand Rapids serves as a key economic hub in northern Minnesota, supported by a diverse regional economy and consistent population activity. Situated at 220 NE 3rd Street, this special-purpose property encompasses 5,500 square feet of space. The facility is positioned to serve a variety of commercial or civic functions given its flexible layout and central placement within the city. Investors and business operators will find that this asset provides a functional foundation for operations requiring specialized configurations. The surrounding infrastructure supports accessibility for local traffic, making it a practical choice for organizations looking to establish or expand their footprint in this growing market. Prospective buyers can leverage the existing square footage to accommodate unique requirements, whether for professional services, community programming, or specialized enterprise use cases.

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NOI
$80,000
Cap Rate
17.78%
DSCR
3.00
Strong
Cash-on-Cash
39.48%
Monthly Payment
$2,225.86
Annual Cash Flow
$53,289.683

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