116 Johnson AveFosston, MN 56542

Property Details for 116 Johnson Ave

Year built

2014

Lot size

0.06 AC

Property size (Sq ft)

2,000 SF

Property type

Office buildings

APN

87.00249.01

APU

870024901

Description

This exceptional commercial property, located at 116 Johnson Avenue N in Fosston, Minnesota, presents a unique opportunity for businesses seeking a modern and efficient workspace. Built in 2014, this 2,482.92 square foot building boasts a prime downtown location with excellent visibility from Highway 2, ensuring high traffic and brand recognition. The property features six fully finished private offices, perfect for individual professionals or teams, along with a well-equipped kitchenette, two bathrooms, a dedicated conference room, a reception desk area, and a comfortable waiting area. The building is designed with accessibility in mind, adhering to ADA compliance standards. High-quality commercial-grade flooring is installed throughout. Ample parking is conveniently located at the rear of the building. The property's modern design incorporates energy-efficient features, contributing to lower operating costs. Professional landscaping enhances the curb appeal and creates a welcoming atmosphere. The versatile layout makes this property suitable for a wide range of business types. This is a turn-key opportunity to establish or relocate your business in a thriving community. The asking price is $379,000.

• CAP approach

  CAP return

  Valuation

  6%

  $367,710

  6.5%

  $339,425

  7%

  $315,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $102,080

  Geo Method

  $102,080

• Alternative Use

  Use

  Valuation

  Residential

  $420,887

  Hospitality

  $385,530

  Educational

  $320,757

  Medical

  $331,788

  Retail

  $498,955

Location Insight

City

Fosston

County

Polk

State

Minnesota

Latitude

47.5765

Longitude

-95.7508

CBSA code

24220

CBSA name

GRAND FORKS, ND-MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].