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Rivertown Furniture 816 NW 4th St 14,200 SF Retail Building Grand Rapids, MN 55744 $899,000 ($63.31/SF) 16.60% Cap Rate

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EXECUTIVE SUMMARY

Turn-key furniture store that has been in business for over 44 years! Located on a bustling stretch of US Highway with over 10,000 vehicles passing daily, this spacious retail and warehouse property offers exceptional visibility and accessibility. The property includes: 9,000 sq. ft. of Showroom Space: Perfect for displaying products in a high-traffic, customer-friendly environment. 5,000 sq. ft. of Warehouse Space: Featuring convenient loading docks, ideal for storage and operations.

PROPERTY FACTS

Sale Type

Investment or Owner User

Sale Condition

Business Value Included

Property Type

Retail

Building Size

14,200 SF

Building Class

Year Built

1945

Price

$899,000

Price Per SF

$63.31

Cap Rate

16.60%

NOI

$149,234

Tenancy

Single

Building Height

2 Stories

Building FAR

0.34

Lot Size

0.96 AC

Zoning

C - Commercial

Parking

38 Spaces

ABOUT 816 NW 4TH ST , GRAND RAPIDS, MN 55744

For over 44 years, this location has been the successful home of a furniture store, making this a perfect turn-key opportunity! Located on a bustling stretch of US Highway with over 10,000 vehicles passing daily, this spacious retail and warehouse property offers exceptional visibility and accessibility. The property includes: 9,000 sq. ft. of Showroom Space: Perfect for displaying products in a high-traffic, customer-friendly environment. 5,000 sq. ft. of Warehouse Space: Featuring convenient loading docks, ideal for storage and operations. . Turn key business and building also for sale for $899,000.

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