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Each Office Independently Owned and Operated kwcommercial.com KW COMMERCIAL 215 Walker Avenue S. Wayzata, MN 55391 We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. JEFF STEDMAN Associate 0: 952.405.2803 C: 952.473.0903 [email protected] JEFF LUNDQUIST Realtor/Broker O: 612.598.2415 [email protected] OFFERING SUMMARY SALE PRICE: $425,000 LOT SIZE: 0.74 Acres YEAR BUILT: 1985 BUILDING SIZE: 10,080 SF RENOVATED: 1995 ZONING: B-1 PID#: 60.34436.0002 PROPERTY OVERVIEW Flexible use 10,080 SF retail building on 0.74 acres. Open retail space, convenient parking, currently main grocery store serving Kimball and surrounding area. Built 1985 with additions in 1995. Sensitive listing, please do not talk with employees. All showings to go through listing agent.F,F & E and inventory to be negotiated separately PROPERTY HIGHLIGHTS Price includes building, land and billboard revenue ($1500/yr thru 2025) with option for buyer to continue operating grocery business. Superior highway visibility and easy access to Hwy 55 and CR 15 Redevelopment opportunity- potential for multi tenant retail center Two 10' x 8' Drive Ins & one 8' x 8' dock; 440 v, three phase power B-1 Highway Commercial Zoning, along major traffic route with easy access, at major intersection Nearby Recreation: Powder Ridge Ski resort, Lake Louisa & Lake Marie - chain of lakes, West Lake Sylvia Located in the hub of commerce to include: restaurants, gas, schools, and professional services Financials available upon signed NDA (non-disclosure) 31 Maus Drive W, Kimball, MN 55353 RETAIL CENTER HWY 55/CR 15 RETAIL FOR SALE
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RETAIL CENTER HWY 55/CR 15 · 2020-01-10 · PROPERTY OVERVIEW Flexible use 10,080 SF retail building on 0.74 acres. Open retail space, ... x Approx. 10,080 SF retail building on

Jul 25, 2020

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Page 1: RETAIL CENTER HWY 55/CR 15 · 2020-01-10 · PROPERTY OVERVIEW Flexible use 10,080 SF retail building on 0.74 acres. Open retail space, ... x Approx. 10,080 SF retail building on

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

JEFF LUNDQUISTRealtor/BrokerO: [email protected]

OFFERING SUMMARY

SALE PRICE: $425,000

LOT SIZE: 0.74 Acres

YEAR BUILT: 1985

BUILDING SIZE: 10,080 SF

RENOVATED: 1995

ZONING: B-1

PID#: 60.34436.0002

PROPERTY OVERVIEWFlexible use 10,080 SF retail building on 0.74 acres. Open retail space, convenientparking, currently main grocery store serving Kimball and surrounding area. Built 1985with additions in 1995. Sensitive listing, please do not talk with employees. All showings togo through listing agent.F,F & E and inventory to be negotiated separately

PROPERTY HIGHLIGHTS• Price includes building, land and billboard revenue ($1500/yr thru 2025) with option for

buyer to continue operating grocery business.

• Superior highway visibility and easy access to Hwy 55 and CR 15

• Redevelopment opportunity- potential for multi tenant retail center

• Two 10' x 8' Drive Ins & one 8' x 8' dock; 440 v, three phase power

• B-1 Highway Commercial Zoning, along major traffic route with easy access, at majorintersection

• Nearby Recreation: Powder Ridge Ski resort, Lake Louisa & Lake Marie - chain oflakes, West Lake Sylvia

• Located in the hub of commerce to include: restaurants, gas, schools, andprofessional services

• Financials available upon signed NDA (non-disclosure)

31 Maus Drive W, Kimball, MN 55353

RETAIL CENTER HWY 55/CR 15

RETAIL FOR SALE

Page 2: RETAIL CENTER HWY 55/CR 15 · 2020-01-10 · PROPERTY OVERVIEW Flexible use 10,080 SF retail building on 0.74 acres. Open retail space, ... x Approx. 10,080 SF retail building on

PROPERTY DETAILS 31 Maus Drive W. Kimball, MN 55353

Property

Description:

Approx. 10,080 SF retail building on 0.74 acres, irregular, corner lot, crawl space

Two 10' x 8' Drive Ins & one 8' x 8' dock; 440 volt, three phase power.

Price includes: building and land with double sided billboard ($1500/yr revenue

thru 2025), turn key operating grocery business, F, F, & E and inventory to be

negotiated separately.

Property ID: 60.34436.0002

Zoned: B-1 Highway Commercial Zoning

Zoning Permitted &

Conditional

Permitted Uses

may include:

Permitted Uses: Retail establishments -groceries, bakery, departments stores, hardware, drug,

clothing and furniture stores, Drive-in restaurant, Cafés, restaurants and supper club. Places of

Worship. Laundry, barber, shoe repair shop, photography studios. Attorney’s offices, architects;

medical & dental clinics. Repair services such as jewelry, radio and television repair shops. Banks,

finance, insurance and real estate services, bowling, alleys, art galleries. Auto sales lot, auto service

stations and convenience store. Public and semi-public buildings such as post office, city hall, fire

station and police station. Private clubs, hospitals and medical centers.

Conditional Uses: Apartments, but only if they are located above the first floor level and have a

separate entrance from the business establishment below. Auto body repair or paint shops. On and

Off sale liquor establishments. Light industry such as printing shops that require direct contact with

public. Wholesaling.

Property Taxes:

2019 Property Tax: $10,002.00

Age/Year Built

Updates/Upgrades:

Built in 1985 with additions in 1995, roof top heating/forced air-2017, inside

heating/air-2009

Roof Type:

Metal roof- age over 8 years

Water / Sewer: City water and sewer connected

Utilities:

City of Kimball- water, sewer, refuse, & recycling fees

Waste Management- garbage & recycling

Xcel Energy- electric; Center Point Energy- gas

Helpful Contacts: Mayor of Kimball: Tammy Konz, 320-398-5011, [email protected]

City Clerk/Treasurer- Nicole Pilarski, 320-398-2725, [email protected]

Stearns County Economic Development: Neil Fortier, [email protected]

Stearns County Administrator: Michael Williams, 320-656-3601 City website: https://www.ci.kimball.mn.us/

Kimball, Chamber of Commerce President- Leo Wirth, [email protected]

Kimball Area Chamber of Commerce: http://www.kimballareachamber.com/

31 Maus Drive W, Kimball, MN 55353

RETAIL CENTER HWY 55/CR 15

RETAIL FOR SALE

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

JEFF LUNDQUISTRealtor/BrokerO: [email protected]

Page 3: RETAIL CENTER HWY 55/CR 15 · 2020-01-10 · PROPERTY OVERVIEW Flexible use 10,080 SF retail building on 0.74 acres. Open retail space, ... x Approx. 10,080 SF retail building on

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

JEFF LUNDQUISTRealtor/BrokerO: [email protected]

31 Maus Drive W, Kimball, MN 55353

RETAIL CENTER HWY 55/CR 15

RETAIL FOR SALE

Page 4: RETAIL CENTER HWY 55/CR 15 · 2020-01-10 · PROPERTY OVERVIEW Flexible use 10,080 SF retail building on 0.74 acres. Open retail space, ... x Approx. 10,080 SF retail building on

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

JEFF LUNDQUISTRealtor/BrokerO: [email protected]

31 Maus Drive W, Kimball, MN 55353

RETAIL CENTER HWY 55/CR 15

RETAIL FOR SALE

Page 5: RETAIL CENTER HWY 55/CR 15 · 2020-01-10 · PROPERTY OVERVIEW Flexible use 10,080 SF retail building on 0.74 acres. Open retail space, ... x Approx. 10,080 SF retail building on

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

JEFF LUNDQUISTRealtor/BrokerO: [email protected]

31 Maus Drive W, Kimball, MN 55353

RETAIL CENTER HWY 55/CR 15

RETAIL FOR SALE

Page 6: RETAIL CENTER HWY 55/CR 15 · 2020-01-10 · PROPERTY OVERVIEW Flexible use 10,080 SF retail building on 0.74 acres. Open retail space, ... x Approx. 10,080 SF retail building on

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

JEFF LUNDQUISTRealtor/BrokerO: [email protected]

Retail Center Hwy 55/CR 15

Retail Center Hwy 55/CR 15

31 Maus Drive W, Kimball, MN 55353

RETAIL CENTER HWY 55/CR 15

RETAIL FOR SALE

Page 7: RETAIL CENTER HWY 55/CR 15 · 2020-01-10 · PROPERTY OVERVIEW Flexible use 10,080 SF retail building on 0.74 acres. Open retail space, ... x Approx. 10,080 SF retail building on

Each Office Independently Owned and Operated kwcommercial.com

KW COMMERCIAL215 Walker Avenue S.Wayzata, MN 55391

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

JEFF STEDMANAssociate0: 952.405.2803C: [email protected]

JEFF LUNDQUISTRealtor/BrokerO: [email protected]

POPULATION 3 MILES 5 MILES 10 MILES

Total population 1,171 3,320 15,115

Median age 40.4 40.0 38.1

Median age (male) 41.6 40.7 38.0

Median age (Female) 39.2 39.2 39.5

HOUSEHOLDS & INCOME 3 MILES 5 MILES 10 MILES

Total households 445 1,265 5,585

# of persons per HH 2.6 2.6 2.7

Average HH income $70,294 $69,148 $71,079

Average house value $255,939 $257,563 $261,480

* Demographic data derived from 2010 US Census

31 Maus Drive W, Kimball, MN 55353

RETAIL CENTER HWY 55/CR 15

RETAIL FOR SALE