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September 18, 2019

Retail/Shopping Center For Sale in International Falls, Minnesota

Property # 1178414 Available $1,295,000.00

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   Property Information

Property Sub-TypeFreestanding
Other RetailGift shop/Apparel
Property NameBorder Bob's
Property Address 1200 2nd Avenue
Property Address 2n.a.
Property Town/CityInternational Falls
Property CountyKoochiching
Property StateMinnesota
Property ZIP/Postal Code 56649
MLS #n.a.
Current UseVacant/Owner-Used
Building Sq. Ft.4,000
Gross Leasable Sq. Ft.4,000
No. Floors3
Lot Size Sq. Ft.25,375
Lot Frontage Ft.175
Lot Depth Ft.145
No. Parking Spacesn.a.
Year Built1907
Year Last Renovatedn.a.
Construction Typebrick with frame additions
Property Description I Falls Minnesota apparel and gift shop. Known as "The Last Building in the US". Open May-October. Servicing 25-30 thousand travelers. Unique interior displays Lots products. 3 apartments above for additional income or for owners to live on premises.
Area DescriptionOn the boarder with Minnesota and Canada. On the Rainy River. Near Voyageurs National Park. Outdoor Mecca, yet has shopping and restaurants and museums.

   Financial Information

Sales Price $$1,295,000.00
Gross Revenue $$605,214.00
Total Expenses $n.a.
Taxes $n.a.
Net Operating Income $$207,509.00
Cap Rate0.00%
Occupancy Rate0.00%
Price Per Leasable Sq. Ft. $n.a.
Year Ending2017
1031 Exchange?n.a.
Financing/Termscash with possible partial seller financing

   Major Tenants

Tenant #1n.a.
Sq. Ft. #1n.a.
Lease Ends #1n.a.
Tenant #2n.a.
Sq. Ft. #2n.a.
Lease Ends #2n.a.
Tenant #3n.a.
Sq. Ft. #3n.a.
Lease Ends #3n.a.
Tenant #4n.a.
Sq. Ft. #4n.a.
Lease Ends #4n.a.
Tenant #5n.a.
Sq. Ft. #5n.a.
Lease Ends #5n.a.

This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information.
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