Priced at $329,900
The Cobbelstone Building in Grand Marais is rare opportunity to own prime commercial real estate downtown Grand Marais. Plenty of parking spaces for easy in and out for customers. All four units are rented long term to successfully operating businesses. There is potential to build rental apartments on the second level and generate more income, would be a great vacation rental area just a walk across the highway. The prime location allows for many possibilities and has a lot of pluses for any businesses or offices. Many updates and renovations have been completed already, just needs a little TLC on the exterior. Interior is in great condition, and during last renovations the building was brought up to ADA standards. All leases are in place, some long term. Lease business want to stay in place, any sale subject to terms of lease. A really fantastic opportunity for the investor, or new business start ups. Highway and new curbs are going in next year which will enhance the appearance!
4 rental spaces with broadband available in all units.
unit 1: 1200 sqft
unit 2: 1400 sqft
unit 3: 2102 sqft - Washer and dryer hook ups
unit 4: 503 sqft
Access Road: Highway 61
City Water Yes
City Sewer: Yes
Property Taxes $10,938
Information Deemed Reliable But Not Guaranteed.
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