Commercial Building for Sale or Lease | PRICE REDUCED

This building was constructed and designed to be a bar and restaurant facility.  All plumbing, electrical, air makeup system, etc has been installed and ready to finish.  Building was never occupied and remains partially unfinished, as the potential tenant backed out of the deal at the last minute.  Excellent location for a wide variety of commercial uses, but is basically set up as a bar/restaurant facility.  OWNER IS MOTIVATED TO SELL AND OPEN TO OFFERS.  

More details: 

Snap Fitness currently occupies approximately 3,000 sq ft on a month to month basis, but could stay longer if so desired by new buyer.

Operating expenses include insurance at $2,078.95/yr and $27.43/mo to MN Power.

Special Features: 
  • Located on Highway 10 with great visibility and easy on and off access.
  • Pre-engineered steel with steel exterior. 13' Sidewalls.
  • Three Phase power
  • Air makeup system
Address: 
420 S Division Street, Rice, MN
Land Area: 
1.77 Acres
Zoning: 
Commercial
Size of Building: 
10,150 sq ft
Age: 
Built in 2005, but never occupied.
Utilities: 
All city services
Traffic Counts: 
25,200+ Average Daily Traffic
Real Estate Taxes: 
$13,772 (2016)
Price: 
Was $375,000 Now $350,000
Terms: 
Cash or possible contract for deed to qualified buyer.
Lease Terms: 
Negotiable, depending upon tenant improvements.
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