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7105 Highway 10 NW
Ramsey, MN 55303
Retail Property For Sale


Investment Highlights
- Investment or owner/user opportunity - Current tenants are open to staying or will vacate
- 4 drive-in doors (multiple bay configurations)
- Brand new heaters and fluid station
- 15’ clear height
- Exterior painting and parking lot improvements completed
- Interior paint and flooring updated in 2023
Executive Summary
Auto dealership and repair shop for sale! This is an Investment or owner user opportunity. This highly visible 2,586 SF commercial building is located directly on Highway 10. Zoned B-2 this property has a wide range of commercial and auto uses. Currently the property is perfectly configured for an auto service and sales operation. The tenants are open to staying, or a new owner could occupy the building. The functional layout includes four total drive-in doors, 15’ clear height, and a welcoming lobby and sales office area. The shop and dealership are currently separate and could continue to run as two businesses or could be combined. The shop itself offers exceptional flexibility with a large two-bay area accessed by two 12 ft. overhead doors, a separate service bay with a 14 ft. door, and a dedicated dealership bay with a 10 ft. door. The property has seen recent investment, including interior renovation in 2023 with new paint and flooring, brand new heaters, a new fluid station, an updated bathroom, and a mezzanine break room. Exterior improvements include a full building repainting and recent parking lot repairs with new asphalt and striping completed to city standards. The lot holds around 35-40 cars. The city has approved 25-27 vehicles on the lot for sales. Convenient access via a new service road, this property offers an excellent presence on a major commercial corridor.
Property Facts
Sale Type
Investment
Property Type
Building Size
2,586 SF
Building Class
C
Year Built/Renovated
1971/2023
Price
$650,000
Price Per SF
$251.35
Cap Rate
8.63%
NOI
$56,106
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.50 AC
Zoning
B-2
Parking
40 Spaces (15.47 Spaces per 1,000 SF Leased)
Frontage
294’ on NW Highway 10
Amenities
- Mezzanine
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 27-32-25-33-0007 | Improvements Assessment | $392,100 |
| Land Assessment | $157,900 | Total Assessment | $550,000 |
Property Taxes
Parcel Number
27-32-25-33-0007
Land Assessment
$157,900
Improvements Assessment
$392,100
Total Assessment
$550,000
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