317 Frazee StDetroit Lakes, MN 56501

Property Details for 317 Frazee St

Year built

1991

Construction

WOOD

Lot size

0.42 AC

Property size (Sq ft)

8,640 SF

Property type

Retail properties

Property subtype

Community centers

APN

491367000

APU

491367000

Description

This 1,457 sq. ft. turnkey salon in Becker County offers seven styling stations, three shampoo bowls, a locker room, washer/dryer, and ample parking. Recently updated with stylish flooring, fresh paint, and modern salon chairs, it boasts a welcoming waiting area. Its strategic location next to CVS Pharmacy and across from Central Market in Detroit Lakes ensures high visibility and foot traffic. The property benefits from the vibrant downtown area's lively atmosphere and diverse clientele, providing an ideal space for both established stylists and aspiring entrepreneurs. This exceptional opportunity combines a prime location with a fully equipped, move-in-ready salon, promising immediate business success. The property's convenient parking further enhances its appeal to clients. Don't miss this chance to establish or relocate your salon in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,335,108

  6.5%

  $2,155,484

  7%

  $2,001,521

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,111,284

  Geo Method

  $1,111,284

• Alternative Use

  Use

  Valuation

  Residential

  $1,818,232

  Hospitality

  $1,665,490

  Educational

  $1,385,668

  Medical

  $1,433,324

  Retail

  $2,155,484

Location Insight

City

Detroit Lakes

County

Becker

State

Minnesota

Latitude

46.8155

Longitude

-95.8399

Property Tax & Assessments

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