110 Highway 53Cook, MN 55723

  • Commercial real estate
  • 868 SF
For Sale
$139,500 View listing

Property Details for 110 Highway 53

Year built
1985
Property size (Sq ft)
868 SF
Property type
Commercial real estate
APN
120-0005-00030
APU
120000500030

Description

This exceptional .45-acre commercial property in Cook, Minnesota, presents a unique investment opportunity. Located on a prime corner lot at 110 S Highway 53, the property boasts an impressive 158 feet of highway frontage, ensuring high visibility and accessibility. The existing structures include a former car wash building, a one-bedroom, three-quarter bath home, and a detached garage. Ample parking is available, accommodating five to ten vehicles. While the buildings require some updating and tender loving care, the potential for various business ventures is significant. The property's commercial zoning allows for a wide range of uses, making it an ideal canvas for an entrepreneur's vision. The 868 square foot home offers immediate occupancy potential, while the additional structures provide versatile space for expansion or adaptation. This is a rare chance to acquire a well-located commercial property with substantial highway frontage in a thriving community. The property's size and location make it an attractive investment for those seeking a high-impact commercial presence in Cook, MN. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price is $139,500.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $182,665
    Hospitality
    $167,320
    Educational
    $139,208
    Medical
    $143,996
    Retail
    $216,546
110 Highway 53, Cook, Minnesota

Location Insight

City
Cook
County
St. Louis
State
Minnesota
Latitude
47.8496
Longitude
-92.6869
CBSA code
20260
CBSA name
DULUTH, 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
2024
$1,076
$21,700
$13,100
$34,800
-
$21,700
$13,100
$34,800

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