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301-311 NE 4th St
Grand Rapids, MN 55744
Asking Price
$295K
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 0.47 acres <ul><li>±0.47-acre vacant hard corner lot</li><li>Situated at the signalized intersection of 3rd Avenue and 4th Street</li><li>Adjacent to the Itasca County Courthouse/County building with a captive clientele for multiple business types</li><li>MN DOT estimates daily traffic on US Hwy 2 at 13,800 per day</li><li>Less than one-quarter miles west of Highway 169 and Highway 2 (4th Street) intersection</li><li>Approximately 2 miles from the Grand Rapids/Itasca County Airport</li></ul>
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NOI
$80,000
Cap Rate
27.12%
DSCR
4.57
Strong
Cash-on-Cash
70.61%
Monthly Payment
$1,459.499
Annual Cash Flow
$62,486.011
