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PRICE REDUCED! Retail Showroom in Pequot Lakes

Listed by Rod Osterloh


Property Description: PRICE REDUCED TO $449,500 FROM $569,000! Large 6,000 sq. ft. retail building with office mezzanine, plus a 2,000 sq. ft. garage located in the heart of Pequot Lakes Business District! With 100 feet of frontage on busy Patriot Avenue (former Hwy 371), this highly visible location near the highschool would be ideal for any retail/showroom business looking to capitalize in the Pequot Lakes market! Join popular retailers like Dairy Queen, Super Valu, fuel, liquor and a credit union along this growing commercial corridor. Currently occupied by Lonesome Cottage, who is planning to relocate.

Listing Details

mls: 4533525
CC File #: 1347
Address: 30671 Patriot Ave
City: Pequot Lakes
State: MN
Zip: 56472
Zoning: DMU-Downtown Mixed Use
PID#: 290151400ABB009
Legal Description: The S 100 ft of the N 379.50 ft of the SE 1/4 of NE 1/4 Section 15, lying W'ly of the W'ly ROW line of State Hwy 371, except the W 175 ft of the S 74 ft of the n 279.52 ft of the SE 1/4 of NE 1/4 Section 15. Subject to easements, reservation or restrictions of record.
Lot Size : Acres: 1.22
Lot Size : Sq.Ft.: 53143.2
Lot Dimensions: 100' x 525.01' x 100' x 50.53'
Building Size : Total Sq. Ft.: 7,666
Building Size : Main Level Sq. Ft.: 6,000
Building Size : Upper Level Sq. Ft.: 1,666
Sale Price: $449,500.00
Original Price: $569,000.00
Price Note: PRICE REDUCED TO $449,500 FROM $569,000!

Directions: From the stoplights in Pequot Lakes - South approx. 1/4 mile on Patriot Ave - Property is located on the west, directly after the Dairy Queen - Currently occupied by Lonesome Cottage (who plans to relocate their showroom)
Property Features & Assets: Retail Building is 7,666 SF Total (Main Level: 6,000 & Mezzanine: 1,666 SF - the Mezzanine has 1,078 SF of Offices & 588 SF of Storage). There is also a Detached Garage: 2,000 SF (50' x 40') with 2 OH Doors.

Property Features

Water: City
Sewer: City
Heating: Natural Gas Forced Air
Cooling: Natural Gas Forced Air
Electric : Amps: 200
Lighting: Fluorescent
Year Built: 2001 (Retail Building) and 2008 (Garage)
Construction: Steel Frame (Retail Building) and Wood Frame (Garage)
Foundation: Poured Concrete (Both Buildings)
Roof: Flat (Retail Building) and Asphalt Shingles (Garage)
Exterior: Steel Siding (Retail Building) and Vinyl Siding (Garage)
Property Tax Year: 2018
Annual Property Tax: $9,334.00
Ceiling Height: Showroom: 18' & Office: 9'
Overhead Door Size: 1 (9' W x 7' H) Retail Building and 2 (16' W x 8' H) Garage
Floor Drains: Yes - In Bathroom
Bathrooms: 2
Security: Yes
High-Speed Internet: Yes
Parking Spaces: 10+ Paved Spaces
Road Frontage: 100' along Hwy 371
Neighboring Businesses: Nearby businesses include Dairy Queen, Oasis Liquor, Oasis Speed Stop, Oasis Sports Shop, Gloria Dei Lutheran Church, Super Valu, Lakes State Bank, Pequot Chamber, Super America, Family Dollar, TDS, Lakes Latte, Lucky's Tavern, Pestello's, Dollar General, Timberjack Steakhouse, plus numerous other retailers, restaurants and office-service businesses.
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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.