PRICE REDUCED TO $349,000 ORIGINALLY $385,000!

Excellent opportunity to locate your business amidst a vibrant community where commerce meets convenience. This commercial corner located on Patriot Ave consists of a versatile retail building paired with a spacious warehouse building equipped with 3 drive-in doors. With its strategic location, you’re poised to tap into a thriving market fueled by both locals and tourists, making it the perfect location for amplifying your business endeavors.

• Purchase Price: $349,000.00
• Lease Price (Month): $4,500/Month Gross + Utilities
• Directions: From the stoplight intersection in Pequot Lakes (Patriot Ave & CR 11) - South approx. 0.2 miles on Patriot Ave to W Lake Street - Property is the NW corner of Patriot Ave and W Lake Street
• Building Size Total (Sq. Ft): 5,200
• Building Size Main (Sq. Ft): 5,200
• Lot Size (Sq. Ft): 64,295
• Lot Size (Acres): 1.47
• Lot Dimensions: Approx. 253.90’ x 284.38’ x 219.80’ x 109.64’ x 25.18’ x 173.18’
• Road Frontage: 235.90’ on Patriot Ave and 284.38’ on W Lake Street
• Lease Size Total (Sq. Ft): 5,200
• Lease Size Main (Sq. Ft): 5,200
• Original Price: $385,000.00
• Price Note: PRICE REDUCED TO $349,000 ORIGINALLY $385,000!
• Property Tax Year: 2024
• Annual Property Tax: $2,910.00
• Property Features / Assets: Retail Building: 1,500 SF; Warehouse Building: 3,700 SF
• Water: City
• Sewer: City
• Heating: Both Bldgs: Natural Gas Forced Air
• Cooling: Retail Bldg: Central Air; Warehouse Bldg: None
• Electric – Amps: Both Bldgs: 100 Amps
• Electric – Phase: Both Bldgs: Single
• Lighting: Both Bldgs: Fluorescent
• Year Built: Both Bldgs: 1974
• Foundation: Both Bldgs: Concrete
• Roof: Both Bldgs: Steel
• Exterior: Both Bldgs: Steel
• Ceiling Height: Retail Bldg: 7' - 8'
• Overhead Doors: Warehouse Bldg: 2 (14' W x 10' H) & 1 (10' W x 10' H)
• Bathrooms: Retail Bldg: 1
• Parking Spaces: Large Gravel Lot
• Neighboring Businesses: Neighboring businesses include Oasis Sports Shop, Speedway, Oasis Liquor, Dairy Queen, Lonesome Cottage Furniture, SuperValu, MMFCU, Essentia, McDermott Orthodontics, 1st National Bank, Speedway, plus numerous retail shops, offices and restaurants in the downtown area.
• Traffic Counts: 3,334 (2021) on Patriot Ave
• MLS #: 6513975
• CC File #: 1746
• Zoning: DMU-Downtown Mixed Use
• PID#: 29100973, 29100976 & 29100977
• Legal Description: Lengthy - See Property Brochure