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PRICE REDUCED! Plaid Duck Arts & Craft Mall in Pine River

Listed by Rod Osterloh

PRICE REDUCED: RETAIL BLDG: HWY 84, PINE RIVER

Property Description: PRICE REDUCED TO $159,750 FROM $189,900! Excellent opportunity to locate along State Hwy 84, the main street corridor in Pine River. Purchase the entire building or just half, depending on what suits your needs, or lease the entire building at a great rate. This affordable, versatile retail location, just off the Hwy 371 corridor, is ideal for you to move or expand your retail-service business. Great opportunity for an investor or an owner/user. Enjoy easy access, excellent visibility, high traffic counts, and on-street parking.

Listing Details

mls: 4207995
CC File #: 1189
Address: 218 Hwy 84 / Barclay Avenue
City: Pine River
State: MN
Zip: 56474
Zoning: Commercial District
PID#: 94-337-0635
Legal Description: S 38' x 1' wide on E side of Lot 13 and all of Lots 14 & 15 and SW'ly 13' of Lot 16, Block 16, Original Plat of Pine River
Lot Size : Acres: 0.2
Lot Size : Sq.Ft.: 8,606
Lot Dimensions: 63' x 136' + 1' x 38'
Lease Space Size : Total Sq. Ft.: 10,784
Lease Space Size : Main Level Sq. Ft.: 6,944
Building Size : Total Sq. Ft.: 11,520
Building Size : Main Level Sq. Ft.: 7,680
Building Size : Lower Level Sq. Ft.: 3,840
Monthly Rent: $1,500/Month Gross for Entire Building (Includes taxes, insurance, maintenance, & utilities) for 1st year of lease
Sale Price: $159,750.00
Original Price: $189,900.00
Price Note: PRICE REDUCED TO $159,750 FROM $189,900! Can Purchase the West Half for $75,500 (previously $89,000) or the East Half for $84,500 (previously $99,000). The Lease rate is for the entire building, excluding the space currently occupied by the Barber and Beauty Salon. Partial building leases are negotiable.

Directions: From the stoplight intersection in Pine River - East on Barclay Ave to the 2nd block on the right (south), just after 1st Street - Property is the 2nd and 3rd store fronts (West Half: Charlotte's O'Hair Beauty Salon & Jim's Barber Shop and East Half: Plaid Duck Arts & Craft Mall)
Property Features & Assets: Entire Building = 11,520 SF. The West Half = 7,680 SF Total (Main Level: 3,840 SF & Lower Level: 3,840 SF). The East Half = 3,840 SF. Purchase Entire Building for $159,750 or West Half for $75,500 or East Half for $84,500.

Property Features

Water: City
Sewer: City
Heating: Natural Gas Forced Air
Cooling: Electric (Natural Gas Back-Up Fuel on West Side of Building)
Electric : Amps: 400
Electric : Phase: Three
Lighting: Fluorescent
Construction: Wood Frame & Concrete Block
Foundation: Concrete
Roof: Flat
Exterior: Brick
Traffic Counts: 3,350 on Hwy 84 / Barclay Ave and 8,700 - 9,100 on Hwy 371
Property Tax Year: 2016 (For Entire Bldg)
Annual Property Tax: $4,428.00
Ceiling Height: Retail: 10'
Ceiling Height : Office: 8'
Bathrooms: 1
High-Speed Internet: Yes
Road Frontage: 63' along Hwy 84 / Barclay Ave and 64' along Alley
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Information provided by members of Greater Lakes Association of Realtors. Copyright 2009 Greater Lakes Multiple Listings Service. All rights reserved. Information is deemed reliable but not guaranteed.