$628,000 SALE
Other Business Opportunity
14,546 SF
18 3rd Avenue SE
Norwood Young America, MN 55397 USA

The Feed Mill Building, with its amazing lake views, is a fantastic business opportunity. This 14,816 sf building will work for one or multiple tenants. Use a portion of this building for your business and lease the rest. As you will see on the attached projected pro-forma, based on a $5.00-$7.50 per sf lease (13,544 sf rentable), 10.5% Cap rate and 21% Cash on Cash return. The building is in great condition. The Feed Mill Building could be turn-key for an owner-occupied that would like to open an event center or restaurant with entertainment, which it is currently zoned for. Zoned C-3; specialized service, retail and office and its existing commercial kitchen just passed Health Department inspection. The back deck has beautiful views of Young America lake. The former owner put many high-end touches into this building. The floor plan flow is truly unique. As the population of the region has grown, so has the variety of industries, services, and businesses located in the ar

Property Type Other Business Opportunity
Year Built 1900
Tax Year 2019
Listing ID 965ZGV
MLS ID 5321188
Style Other Style
Building Size 14,546 SF
Lot Size 0.4 AC
Taxes $10,790
Property Features
Heating - Fuel Type: Gas
Water: City Water
Sewer: Public
Additional Media Area Demographics