$1,500,000
111 3rd Street NE
Baudette, MN 56623
MLS# 5582011



111 3rd Street NE, Baudette, MN 56623
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111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623 111 3rd Street NE, Baudette, MN 56623

Property Description
Dream business opportunity! After 22 years of building a rock-solid reputation for owning and operating a profitable, first-class furniture business, the owners are retiring. A quick look at the showroom floor and it's obvious this business was built from the ground up with a passion for delivering top-quality home furnishings at reasonable prices. Service area is more than 100 miles and includes the under-served Canadian province of Ontario. The 22,000 sq. ft. block building, built to Federal standards and very well maintained, includes fixtures, inventory, equipment and delivery vehicle. This opportunity couldn't be more ''turn-key'' and is located near the Rainy River and Lake of the Woods, world renown for its superb fishing and recreation. The past three months plus have generated record sales!! CAP rate of approximately 9.2% based on asking price. Sellers will consider all reasonable offers!

Details
Maps
None
Allow Auto Valuation: Yes
Allow Consumer Comment: Yes
MLSID: RMLS
Contract Information
Availability: Available
Status: Active
Current Price: $1,500,000
Original List Price: 1500000
Contingency: None
ListPrice: 1500000
List Date: 2020-04-16
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: NWMAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 15
Waterfront Present: No
Year Built: 1985
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 150140
Garage Stalls: 2
For Sale or Lease: For Sale
Acres: 2
Lot Dimensions: 425'x500'
Assessment Pending: No
Location, Tax and Other Information
Legal Description: Cathcart add to Baudette, part of lots 1&2 + vacated Henderson Ave, blk 3 and part of blk 4 (parcel C), part of...(cont.
Map Page: 999
Rental License?: No
School District Phone: 218-634-2735
Map Coordinate Source: King's Street Atlas
House Number: 111
Street Name: 3rd
Street Suffix: Street
Street Direction Suffix: NE
Postal City: Baudette
County: Lake of the Woods
State: MN
Zip Code: 56623
MLS Area: Baudette
Property ID Number: TBD
Tax Year: 2019
Tax Amount: 10416
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Tax With Assessments: 10416
Directions & Remarks
Public Remarks: Dream business opportunity! After 22 years of building a rock-solid reputation for owning and operating a profitable, first-class furniture business, the owners are retiring. A quick look at the showroom floor and it's obvious this business was built from the ground up with a passion for delivering top-quality home furnishings at reasonable prices. Service area is more than 100 miles and includes the under-served Canadian province of Ontario. The 22,000 sq. ft. block building, built to Federal standards and very well maintained, includes fixtures, inventory, equipment and delivery vehicle. This opportunity couldn't be more ''turn-key'' and is located near the Rainy River and Lake of the Woods, world renown for its superb fishing and recreation. The past three months plus have generated record sales!! CAP rate of approximately 9.2% based on asking price. Sellers will consider all reasonable offers!
Directions: From main ave in Baudette, turn south and head to 3rd street, business is located right off of 3rd St.
Building Information
Building Finished SqFt: 22000
Building SqFt: 22000
Green Verification
Green Certification: No
Lock Box Type
Lock Box Source: BMJ
Miscellaneous Information
FIPS Code: 27077
Homestead Desc: Other
Public Survey Info
Range#: 31
Section#: 35
Township#: 161
Structure Information
Sale Includes: Building,Business Assets,Business,Fixture/Equipment,Inventory,Land,Other
Unit Details
Total Units: 1
Property Features
Accessible: None
Air Conditioning: None
Construction Status: Previously Owned
Current Use: Business Service
Exterior: Brick/Stone
Fuel: Electric; Natural Gas
Heating: Forced Air; Hot Water; Radiant
Loan Terms: Cash; Contract for Deed; Conventional; Special Funding
Lock Box Type: None
On Site Utilities: Heating Common
Overhead Door Clearance: 10-14 Feet; 15-20 Feet
Owners Expense: Cable TV; Electricity; Fuel; Janitorial Service; Lawn; Maintenance/Repair; Snow Removal; Trash Collection
Parking Characteristics: Driveway - Asphalt; Driveway - Gravel; Garage Door Opener; Heated Garage; Unassigned
Road Frontage: City Street; Curbs; Paved Streets
Roof: Flat; Rubber
Sewer: City Sewer/Connected
Water: City Water/Connected

Listing Office: Tru North Realty Baudette

Last Updated: February - 04 - 2021

111 3rd Street NE, Baudette, MN 56623 - MLS# 5582011

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2020 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Wednesday 3rd of March 2021 06:13 PM

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