651 Rose DrBig Lake, MN 55309

  • Commercial real estate
  • 11,320 SF
For Lease
$12/SF/YR View listing

Property Details for 651 Rose Dr

Year built
1984
Lot size
0.26 AC
Property size (Sq ft)
11,320 SF
Property type
Commercial real estate
APN
65-556-0006
APU
655560006

Description

This 1,250 sq. ft. restaurant space is located in the Lake Shopping Center in Big Lake, Minnesota, offering exceptional visibility and accessibility. Situated just one block from Highway 10, boasting a daily traffic count of 21,000 vehicles, this property benefits from high traffic volume and strong local consumer base. The shopping center is anchored by well-established businesses like Lake Liquors and Hardware Hank, and includes other tenants such as Snap Fitness, Grind Nutrition, Two Cute Boutique, and Subway, creating a vibrant and diverse retail environment. The space itself features a fully equipped commercial kitchen, including a walk-in cooler, which will be available to the new tenant. A private bathroom is conveniently located within the suite. The property also offers a shared common area vestibule for customer seating and a prime signage location on the building's side facing Highway 10, ensuring maximum brand exposure. Big Lake's population of over 11,000 (2020 census), with a significant portion residing within a three-mile radius, guarantees a strong local customer base. The property's proximity to major housing developments and the Big Lake School District further enhances its appeal and potential for success. This is a turn-key opportunity for a restaurant operator seeking a high-visibility location in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,382,220
    Hospitality
    $2,182,101
    Educational
    $1,815,482
    Medical
    $1,877,919
    Retail
    $2,824,084

Location Insight

City
Big Lake
County
Sherburne
State
Minnesota
Latitude
45.3339
Longitude
-93.7373
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,776
$191,900
$296,700
$488,600
-
$191,900
$296,700
$488,600

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