For Sale · Specialty

515 Main STREET N, Blaine Lake

515 Main STREET N, Blaine Lake, SK S0J0J0

$299,900 total

1,656 SF

Asset Class

Specialty

Size

1,656 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$181

Occupancy

84%

Year Built

1964

Lot Size

0.08953168044077135 ac

About this property

Great location to start your business, only steps, with a view to the main junction in the community of Blaine Lake, having major highway exposure makes the possibilities of your business dream a true reality. This well maintained 1656 square foot building has a very functional open floor plan in the main area, two bathrooms, storage room and a spacious office. The property which is situated on two lots also boasts ample yard space and off street parking. Call a realtor to view. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$300K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$17K

Annual cash flow

$470

Cash-on-cash

0.52%

DSCR

1.03

Going-in cap

5.70%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Prairie Coffee Roasters1,391 SF2028-11

Area demographics

Trade area within 3 miles of the property.

Population

68,457

Households

31,827

Median income

$73,000

Median age

40.9

Daytime population

80,070

5-yr growth

7.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 515 Main STREET N, Blaine Lake.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.