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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
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
C
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.
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $473,500 | |
| Land Assessment | $290,600 | Total Assessment | $764,100 |
Property Taxes
Parcel Numbers
Land Assessment
$290,600
Improvements Assessment
$473,500
Total Assessment
$764,100
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Rivertown Furniture | 816 NW 4th St