FOR SALE 16777 MARKETPLACE DR. BIG LAKE, MN 55309...ABOUT THE CITY OF BIG LAKE 21 DEMOGRAPHICS 23...

FOR SALE 16777 MARKETPLACE DR.BIG LAKE, MN 55309

Presented By:

Hayden Hulsey, CCIM | Commercial Broker | 651.256.7404 | [email protected]

Mark Hulsey | Managing Broker | 651.256.7404 | [email protected]

PROPERTY INFORMATION 3

PROPERTY PHOTOS 9

LOCATION INFORMATION 16

ABOUT THE CITY OF BIG LAKE 21

DEMOGRAPHICS 23

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active conduct of its own due diligence to determine these and other matters of significance to

such party. RE/MAX Results - Commercial Group will not investigate or verify any such matters or

conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all

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be verified by the party including by obtaining and reading applicable documents and reports and

consulting appropriate independent professionals. RE/MAX Results - Commercial Group makes no

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financial data or assumptions. RE/MAX Results - Commercial Group does not serve as a financial

advisor to any party regarding any proposed transaction. All data and assumptions regarding

financial performance, including that used for financial modeling purposes, may differ from actual

data or performance. Any estimates of market rents and/or projected rents that may be provided to

a party do not necessarily mean that rents can be established at or increased to that level. Parties

must evaluate any applicable contractual and governmental limitations as well as market

conditions,vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be

discussed by the party with a certified public accountant or tax attorney. Title questions should be

discussed by the party with a title officer or attorney. Questions regarding the condition of the

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16777 MARKETPLACE DR.BIG LAKE, MN 55309

TABLE OF CONTENTS

PROPERTY INFORMATION

Presented By:



OFFERING SUMMARY

Sale Price: $1,350,000

Lot Size: 2.24 Acres

Building Size: 12,528 SF

Zoning: B-3 - General Business

District

Traffic Count: 18,400

Price / SF: $107.76

4 Unit Retail - Real Estate + Gas Station, Convenience Store, Car Wash Business For Sale. Very competitive pricingwith a motivated Seller – bring all offers! Over $5MM invested in the land and real estate. Built in 2007 withexcellent value-add opportunity. 4 unit retail building consists of: 5,327 SF Gas Station/Convenience Store (operatedby Seller), 2,635 SF Former Restaurant (Long John Silvers, A&W, & BBQ – last occupied in February, now vacant), and2 vacant retail storefronts totaling 2,376 SF. Total building: 10,338 SF + 2,190 SF Car Wash = 12,528 Total SF. Remodellast year with over $400k invested in new pumps, building, signage, and new Minnoco flag (previously Mobil). Donot disturb business – all tours through listing broker. Contact brokers for financials and additional information.

Developed By: RJ Ryan Construction, ENL, Inc., James R. Hill, Inc., Lampert Architects, EXXON Mobil, YUM Brands,Croix Oil, Specialty Equipment, Pump & Meter

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Total of 6 pumps with E85 & E15

• 2 bays in the car wash (1 bay needs repairs to be operational).

• Restaurant includes commercial kitchen, walk-in cooler & drive thru

• Building is fully sprinklered

• 10, 338 SF + 2,190 SF Car Wash = 12,528 SF

S E C T I O N 1 / P A G E 416777 MARKETPLACE DR.BIG LAKE, MN 55309

EXECUTIVE SUMMARY

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SALE PRICE $1,350,000

LOCATION INFORMATION

Building Name 16777 Marketplace Dr.

Street Address 16777 Marketplace Dr.

City, State, Zip Big Lake, MN 55309

County/Township Sherburne

BUILDING INFORMATION

Building Size 12,528 SF

Tenancy Multiple

Number Of Floors 1

Load Factor Yes

Construction Status Existing

PROPERTY DETAILS

Property Type Retail

Property Subtype Strip Center

Zoning B-3 - General Business District

Lot Size 2.24 Acres

Traffic Count 18,400

Traffic Count Street US Highway 10

Taxes $32,182.00

PARKING & TRANSPORTATION

Parking Type Surface

Number Of Spaces 81


PROPERTY DETAILS

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SITE PLAN

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FLOOR PLANS

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BIG LAKE, MN 55309

BIG LAKE, MN 55309

FLOOR PLANS

PROPERTY PHOTOS

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S E C T I O N 2 / P A G E 1 016777 MARKETPLACE DR.BIG LAKE, MN 55309

PHOTOS

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PHOTOS

LOCATION INFORMATION

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B-3 GENERAL BUSINESS ZONINGThe purpose of the B-3, General Business District is to provide for the establishment of commercial and service activities which draw from and serve customers fromthe entire community or sub-region.

Permitted Uses: Bait & Tackle Shop, Banks, credit unions, and other financial institutions, Beer store (subject to license requirements of the City), Bicycle Sales &Repair, Boat & Marine Sales (when conducted entirely within a building), Building Material Sales (provided it is conducted entirely within a building), ChiropracticClinic, Dry cleaning, Laundromat, Laundry Service, Garden Center (provided it is conducted entirely within a building), Grocery or Supermarket, Health Club, HobbyStore (including handicraft classes), Interior Design Studio, Jewelry Sales & Repair, Library, Live Entertainment (indoor), Meat Market (but not including processingfor a locker) Medical Clinic, Dental Clinic, Multi Tenant Retail Facility, Newspaper Publishing Office, Office Business (general), Office Warehouse (follow link below onall restrictions), Personal Services, Personal Wireless Service Antennas, Photographic Studio, Supply & Processing Store, Pet Shop (shall not include boarding of pets),Printing Establishments, Recreation/Public, Restaurant includes delivery, take out), Retail Business, Service Business, Small Appliance Repair, Shoe Sales & Repair,Wholesale Showroom

For more information please visit the City of Big Lake website:https://www.biglakemn.org/DocumentCenter/View/276/Section-1057-PDF?bidId=


ZONING INFORMATION

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RETAILER MAP

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LOCATION MAPS

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TRAFFIC COUNTS

HIGHWAY 10: 18,400 vehicles per day

168TH STREET NW: 1,500 vehicles per day

MARKETPLACE DR: 1,150 vehicles per day

176TH ST. NW: 940 vehicles per day

COUNTY RD. 43 N: 4,650 vehicles per day

COUNTY RD. 43 S: 2,600 vehicles per day

JEFFERSON BLVD.: 21,500 vehicles per day


TRAFFIC COUNTS

ABOUT THE CITY OF BIG LAKE

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CITY OF BIG LAKEThe City of Big Lake is located in Sherburne County. Big Lake is a rapidly growingcommunity beyond the metro suburbs with a geographical location in a corridorplacing it 30 minutes from St. Cloud and 35 minutes from Minneapolis/St.Paul. BigLake is also home to the Northstar Light Rail line which runs from Big Lake to theMinneapolis/St. Paul metro area, and also offers Northstar Link bus service to St.Cloud.

Big Lake is populated primarily by young families who value the quality of life thattheir city offers them. Big Lake ensures an exceptional quality of life by activelyenhancing community cohesiveness, cultural events, parks and natural resources,technology advancements and financial transparency. Big Lake also also supports arobust partnership with the Big Lake school district.

Engaged Big Lake citizens find ideal recreational opportunities throughout its 19beautiful maintained city parks, over 20 miles of hiking and biking trails, and theBig Lake destination swimming beach. The weekly Farmers Market, Music in thePark events, and the annual Spud Fest highlight the summer season; similarcommunity gatherings are scheduled year round.

Big Lake remains one of the safest Minnesota communities. They enjoy one of thelowest average crime rates per citizen in the State, and the lowest of all theincorporated cities in Sherburne County. Big Lake was recognized as the 5th SafestCity with a population between 10,000 and 20,000 residents by a recent studypublished, and rated 23rd safest of all Minnesota cities in a second report.

City of Big Lake: https://www.biglakemn.org/

Big Lake Chamber of Commerce: https://biglakechamber.com/


CITY OF BIG LAKE

DEMOGRAPHICS

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POPULATION 1 MILE 5 MILES 10 MILES

Total population 1,045 29,368 109,660

Median age 33.7 32.3 32.4

Median age (Male) 32.5 31.3 32.1

Median age (Female) 34.6 32.9 32.6

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total households 354 9,892 37,596

# of persons per HH 3.0 3.0 2.9

Average HH income $78,540 $79,925 $82,595

Average house value $235,017 $245,726 $255,351

* Demographic data derived from 2010 US Census


DEMOGRAPHICS MAP & REPORT

FOR SALE 16777 MARKETPLACE DR. BIG LAKE, MN 55309...ABOUT THE CITY OF BIG LAKE 21 DEMOGRAPHICS 23...

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Transcript of FOR SALE 16777 MARKETPLACE DR. BIG LAKE, MN 55309...ABOUT THE CITY OF BIG LAKE 21 DEMOGRAPHICS 23...