PRICE REDUCED TO $675,000! (Originally $775,000)

Prime commercial property located just off of Hwy 371 between Pequot Lakes and Jenkins – on CR 16. Building currently operates as a 5 screen movie theater, known as Sunset Cinema. A new owner can continue a theater business or convert to a large industrial facility or open-display retail space. The large parking lot provides room for ample cars or outdoor display. This central location along the northwoods Hwy 371 corridor provides easy access to those traveling to or from Pequot Lakes, Jenkins, Nisswa, Pine River and Backus.

• Purchase Price: $675,000.00
• Directions: From Pequot Lakes - North on Hwy 371 - East on CR 16 - North on Aspenwood Drive - Property is directly on the East
• Building Size Total (Sq. Ft): 14,428
• Building Size Main (Sq. Ft): 12,774
• Building Size Upper (Sq. Ft): 1,654
• Lot Size (Sq. Ft): 101,122
• Lot Size (Acres): 2.31
• Lot Dimensions: 400' x 326.69'
• Road Frontage: 400’ on CR 16 and 326.69’ on Aspenwood Drive
• Original Price: $775,000.00
• Price Note: PRICE REDUCED TO $675,000! (ORIGINALLY $775,000) Theater Equipment Not Included in Price.
• Property Tax Year: 2024
• Annual Property Tax: $11,088.00
• Property Features / Assets: Building Size: 14,428 SF; Main Level: 12,774 SF; Upper Level: 1,654 SF
• Water: Well
• Sewer: Septic
• Heating: Natural Gas Forced Air
• Cooling: Central Air - Electric Roof-Top Units
• Lighting: Fluorescent
• Year Built: 2004
• Construction: Concrete Block
• Foundation: Concrete
• Roof: Asphalt Shingles & Flat Rubber Membrane
• Exterior: Concrete Block & Half Log
• Ceiling Height: 9' Vaulted to 19'
• Indoor Sprinklers: Yes
• Bathrooms: 2
• Parking Spaces: 118 Paved Spaces
• Neighboring Businesses: Located north of Pequot Lakes and south of Jenkins, neighboring businesses include A-Pine Restaurant, Pequot Auto Repair, AmericInn, Wild Wedge Golf & Mini Golf, Speedway, AAA Equipment Center, PJ’s Appliance Outlet, Lakes Gas, Elite Industries, plus others.
• Traffic Counts: 2,600 (2019) on County Road 16 and 10,127 (2021) - 10,567 (2022) on Hwy 371
• MLS #: 6459635
• CC File #: 1735
• Zoning: Highway Business District (C-2)
• PID#: 26350547
• Legal Description: E 400 ft of the S 326.69 ft of SW 1/4 of SW 1/4. Subject to ROW for CO RD 16. Together with Easement of Record.