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397 5th Ave N 1,104 SF Retail Building Bayport, MN 55003 $1,500,000 ($1,358.70/SF) 15.00% Cap Rate
Investment Highlights
- Great location by restaurants and off the main strip of downtown Bayport.
- Lot with availability up to 23 cars.
- Service bay with two lifts.
Executive Summary
Property Facts
Amenities
- Pylon Sign
- Signage
About 397 5TH AVE N , BAYPORT, MN 55003
Turnkey Used Car Dealership with Garage and Office in Bayport, MN This offering includes a fully operational used car dealership situated on a commercially zoned lot in the heart of Bayport. The property features a flexible building with a customer-facing office area, two restrooms, and a two-bay service garage equipped with two vehicle lifts — ideal for light reconditioning, inspections, or small repairs. The lot is licensed for up to 23 vehicle display spaces, providing excellent visibility and traffic exposure. The location has been successfully operating as a dealership under the same ownership and brand, Lenny’s Garage, and will be delivered with active dealership permits, operational systems, and marketing infrastructure in place. This is a business sale with property leaseback: the building is not included in the sale price but will be available under a competitive lease structure, enabling the buyer to continue operations immediately without relocating. Perfect for owner-operators or investors seeking passive cash flow, this opportunity combines a proven business with a stable location and infrastructure.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Mining, Quarrying, and Oil and Gas Extraction
- -
- -
- -
Shell formed in 1907 through the merger of Royal Dutch Petroleum and the Shell Transport and Trading Company, creating a business that grew into a global energy group. Shell's operations span exploration, production, refining, marketing, chemicals, and trading, alongside lower-carbon areas such as biofuels, solar, wind, and electric vehicle charging. In the United States, Shell has been active for more than a century with every major line of business represented in the country, including oil and gas production, retail fuels, LNG, pipelines, and renewables. Shell also maintains a broad market presence through Shell-branded fuel stations and energy supply activities across the country.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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|
Mining, Quarrying, and Oil and Gas Extraction | - | - | - |
Property Taxes
| Parcel Number | 10-029-20-11-0013 | Improvements Assessment | $79,600 |
| Land Assessment | $124,200 | Total Assessment | $203,800 |
Property Taxes
Contact the Sale Advisor
397 5th Ave N