Featured Listing: Investment Property located in Stillwater MN.

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Description: This charming 10,000 + sq. ft. building is located on the high demand south side of town, east side of main street, downtown Stillwater. With 5,200 sq. ft. ground floor and 3 retail spaces, second-floor area of +/- 4,900 sq. ft. The ground floor has a 12’ ceiling height with a tin ceiling, plaster walls and hardwood floor; the basement is 4,000 sq. ft. and is used for storage. The basement is dry, with no signs of water problems. Clear height is about 5’ 8”. The second floor has three unique apartments used as Air B&Bs. All three units are one-bedroom, living/dining room, Kitchen, full bath and laundry/storage. The roof has a deck at the back of the building with expansive views of the river and bluffs.

Exterior Features: The building is mill construction with brick walls and wood posts and beams. The brick walls are exposed in the apartment units and plastered/brick in the retail units, the roof is a rubber bladder that is flat with a pitch. The roof is 5 years old and appears to be in great condition.

Interior Features: This property has all three retail spaces leased with all three apartments being rented out a couple times a week as Air B&B. Building has a combination of wood, tile and carpeted. The walls are a combination of brick, drywall and plaster. Ceilings are painted drywall, tin and open. The building uses forced air for heat and cooling.

Age / Condition: Built in 1858. The interior and exterior are in good condition.

ASKING PRICE: The owner is asking $2,100,000 for the building. The three apartments generate approx. a gross income of $125,000 annually, and the three retail spaces generate approx. $58,800 annually.

REASON FOR SALE: Other Interest

SOLD! Featured Listing: Beautiful Floral and Gift Shop located in Mankato.

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Beautiful Floral and Gift Shop, established over 100 years ago. Current owner has owned the business for over 44 years. They sell fresh flowers, custom floral arrangements, plants, gift items, unique furniture pieces, cards, balloons etc. The business enjoys a great reputation and it provides its customers with a quality product that is competitively priced. They have a great on-line present and serve a tremendous number of weddings, funerals, special events, corporate events and walk-ins. The hours are Monday through Friday 8 – 6, Saturday 8 – 5:30. Sunday 10 – 3. Business is located in Mankato..

FACILITY: The business occupies 8,200 sq. ft. space. The building is for sale and the floral business will have to be moved (once the building has sold). The building and property are available for purchase for $1,295,000.

EMPLOYEES: The business operates with owner working 40 hours a week, 4 full-time and 8 part-time employees. Very friendly and experienced staff in place. Owner’s duties are staffing, ordering, floral design, sales and marketing.

SALES/CASH FLOW: Gross sales for year ending 2018 were $820,500, 2017 were $833,500, 2016 were $825,900. Cash flow in 2018 was approx. $124,600 to an owner operator.

 

ASKING PRICE: The owner is asking $140,000 for the business. The price includes furniture, fixtures, equipment and 2 delivery vans which are valued at approx. $75,000. The inventory is approx. $25,000 and is not included in the asking price.