19389 Frontage Road Detroit Lakes, MN ^$ 1,750,000

19389 Frontage Road

^$ 1,750,000

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19389 Frontage Road

Detroit Lakes, MN, 56501

^$ 1,750,000

Studio Baths0.0 Sq 9,280

Monthly Estimate*

^$ 11,631

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Studio

Commercial Property for sale in Detroit Lakes, MN

for $1,750,000. This 9,280 square foot building was built in 1984 on a lot size of 4.57.

"Business Opportunity" with lots of room for expansion and growth. The owners of this property are offering it to a highly motivated with vision individual(s) to operate or potentially expand this highly visible business. The property features an extremely busy restaurant, c-store and 12 motel units that have all been recently remodeled.

Commercial Active

Price

^$ 1,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 7,808

Style

Lot Size

4.57

Year Built

1984

Town/City

Detroit Lakes

County/Region

Becker

MLS | Web ID

6517876

Features

General

Sewer Private Sewer Septic System Compliant - Yes

Heating Forced Air

Cooling Central Air Wall Unit(s)

Utilities Electric Common Heating Common Hot Water Common

Roof Asphalt

Appliances Cooktop Dishwasher Double Oven Dryer Electric Water Heater Exhaust Fan Freezer Microwave Range Refrigerator Stainless Steel Appliances Tankless Water Heater Washer

Garage Spaces 2

Construction Materials Log

Year Built 1984

Levels Two

Tax Year 2024

Current Use Commercial Food Service Hotel/Motel Restaurant

Accessibility Doors 36 + Hallways 42 +

County Becker

Property Type Commercial Sale

Association Amenities Coin-op Laundry Owned Deck

Contingency None

Subdivision Name Modern Acres Beach Sub

Possible Use Rest/Lounge Restaurant Retail Service Station Grocery Bar/Tavern Motel/Hotel

Directions Hwy 59 North from Detroit Lakes to the property on the right

City Detroit Twp

Buyer Agent Compensation 2.50

High School District Detroit Lakes

Zoning Description Business/Commercial

NumberOfUnitsTotal 12

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 7808

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Amenities Unit Balcony Cable Deck Washer/Dryer Hookup

Buyer Agent Compensation Type %

Interior

Basement Slab

Basement (Y/N) N

Foundation Dimensions irregular

Fuel Natural Gas

Garage Dimensions 16 X 24

Garage Door Width 7

Garage Square Feet 384

Exterior

Parking Features Detached Parking Lot

Water Source Drilled Private Well

Inclusions Building Business Fixture/Equipment Inventory Land

Lot Size Area 4.57

Building Area Total 9280

Lot Dimensions irregular

Foundation Area 4640

Internal Only

Street Number 1 19389

* Excluded Features

List By

The Real Estate Company Of Detroit Lakes

Broker

dneisen@live.com

Affordability Calculator

$12,282

Per Month

Monthly Principal & Interest: $11,631
Monthly Property Taxes: $651
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Detroit Lakes, MN

Average List Price ^$452,427

Percent of Sale Price 74%

About Detroit Lakes, MN

9,141 Population

18% Since 2002

^$39,425 Median Income

40.52 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048734 Elementary School

3048414 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/12/2024	$1,750,000		Listed Price

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19389 Frontage Road, Detroit Lakes, MN, 56501 is a Commercial Property for sale at $1,750,000 with 9,280 sqft and a lot size of 4.57. 19389 Frontage Road is a studio with 0.0 baths and was built in 1984. The property's zip code is 56501 which is in Detroit Lakes, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/26/2024.

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19389 Frontage Road

Commercial Property for sale in Detroit Lakes, MN

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