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Sales Comparison Approach -- continued <br /> COMPARABLE 5 <br /> _ za, <br /> ,t <br /> a F <br /> Y � A <br /> R,Iliclpel • CBI1V - 241 .3tY.S:p 401h St NE <br /> t R<1$E (I <br /> Mfpes!Ck <br /> 3 370 e!ME �w <br /> Property Data <br /> 14-2nd Street SE, 1 1 45001 32224,1 1 40 1 201 1 062, <br /> Address: PID/Legal: <br /> St. Michael 114012011061,114012011063 <br /> Property Use: Commercial Physical Characteristics: Average <br /> Site Size (SF): 19,000 Utilities: Available <br /> The property appears to be the result of an assemblage by the city after a road <br /> Comments: realignment project. <br /> Sale Data <br /> Sale Price: $30,000 Price per SF: $1.58 <br /> Sale/Close Date: 5/15/2015 <br /> Property Rights: Fee Simple Buyer: Central Ave RE, LLC <br /> Financing: Cash Seller: City of St. Michael EDA <br /> Conditions: Gvt. Sale Source/Verification: CREV, Buyer's Rep. <br /> Comments: Sale price appears to have been somewhat discounted due to government ownership. <br /> Nagell Appraisal&Consulting 1 952-544-8966 1 www.callnagell.com 41 <br />