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Tofte General Store 7125 MN-61 5,528 SF Retail Building Tofte, MN 55615 $1,400,000 ($253.26/SF)
INVESTMENT HIGHLIGHTS
- High Visibility
- Liquor Store and Grocery Opportunity
- Corner Lot
EXECUTIVE SUMMARY
Business opportunity! The Tofte General Store is for sale! This listing includes a thriving grocery store and liquor store directly on the legendary North Shore's Highway 61. The building was originally built in 1962 with 4 different additions over the years, including the most recent in 2020 and a remodel in 2024. The building itself is built to last with block construction with steel beams, a steel roof added in 2018, plus a thoughtfully designed loading dock. There are plenty of other updates throughout including new coolers, updated POS System, an owned ATM, a boiler with a heat reclamation system, plus plenty more. Don't miss your chance to own this North Shore gem! Schedule a tour to see it today!
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,528 SF
Year Built/Renovated
1962/2024
Price
$1,400,000
Price Per SF
$253.26
Building Height
1 Story
Opportunity Zone
Yes
Zoning
Commercial - Tofte Commercial
Parking
20 Spaces (3.62 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Fiber Optic Internet
PROPERTY TAXES
| Parcel Number | 25-022-3245 | Total Assessment | $478,900 (2024) |
| Land Assessment | $75,900 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $403,000 (2024) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
25-022-3245
Land Assessment
$75,900 (2024)
Improvements Assessment
$403,000 (2024)
Total Assessment
$478,900 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Tofte General Store | 7125 MN-61
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