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Sales Comparison Approach -- continued <br />COMPARABLE 5 <br />za, <br />t <br />a F <br />Y A <br />R,Iliclpel • <br />CBI1V <br />241 . <br />3tY.S:p <br />401h St NE <br />t R<1$E <br />I <br />Mfpes!Ck <br />3 <br />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 roadComments: <br />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