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600 E Bridge St 4,858 SF Retail Building Redwood Falls, MN 56283 $400,000 ($82.34/SF)
INVESTMENT HIGHLIGHTS
- Fully leased commercial space in highly visible location
- New roof was installed by Duro-Last in 2022 that includes full 20 year labor and materials warranty
- Updates include a CaptiveAire 24-foot grease hood with fire suppression system
- Current tenant lease term is valid through 2032 - with additional lease extensions
- Nearly $100,000 of renovations and updates in 2022
- This property is turn key with an established tenant
EXECUTIVE SUMMARY
Fully leased commercial space in highly visible location, with established tenant - generating $3,600/month! Lease term is valid through 2032, with additional extension options. Building had a new roof installed by Duro-Last in 2022 that has a full 20 year labor and materials warranty. Not to mention the equipment and installation of such was all updated in 2022. The renovation/updates in 2022 cost nearly $100,000! And those updates are all completed for the new owners benefit. Updates include a CaptiveAire 24-foot grease hood with fire suppression system, two grease exhaust fans with new roof curbs, ventilation system, etc. so this operation is truly turn key with the established tenant continuing their lease.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,858 SF
Building Class
C
Year Built/Renovated
2000/2022
Price
$400,000
Price Per SF
$82.34
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.40 AC
Parking
9 Spaces (1.85 Spaces per 1,000 SF Leased)
Frontage
87’ on East Bridge Street
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 88-001-1130 | Improvements Assessment | $167,900 |
| Land Assessment | $61,000 | Total Assessment | $228,900 |
PROPERTY TAXES
Parcel Number
88-001-1130
Land Assessment
$61,000
Improvements Assessment
$167,900
Total Assessment
$228,900
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600 E Bridge St
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