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    Virginia, MN
    Conventional Restaurant

    Virginia, MN Conventional Restaurants for Sale

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    Embarrass, MN Biwabik, MN Gilbert, MN Aurora, MN Mountain Iron, MN Iron, MN Tower, MN Eveleth, MN
    Historic Multi-Use Restaurant Facility
    Updated: May 29
    Historic Multi-Use Restaurant Facility

    7596 Werner Rd, Virginia, MN 55792

    $400,000
    4,673 sqft 1.37 AC lot
    Built in 1910 with restored historic schoolhouse/town hall character, including refinished hardwood floors, vaulted ceilings, and abundant natural light
    Zoned for multi‑use, offering flexibility for a range of ventures such as restaurant, brewery, convenience store, gas station, manufacturing, or event venue
    Spacious 2,200 sq. ft. basement described as spotless and functional for business operations, storage, or workshop space
    Recent updates include a new roof (2024), new well pump, new pressure tank, and three 200‑AMP electrical panels
    High‑speed fiber optic internet and forced‑air heating; roof type: shingle
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    This listing looks promising.

    Here's a quick look at some key insights for

    7596 Werner Rd, Virginia, MN 55792

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    • Est. Cap Rate

      4.6%
      NOI ÷ price

    • Est. NOI

      $18K
      Annual

    • Price @ 7% Cap

      $264K
      Suggested

    • Property Type

      Single Family Residence
      Built 1940
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    Turnkey Restaurant with Upstairs Office
    Updated: Jul 28
    Turnkey Restaurant with Upstairs Office

    201 S 3rd St., Virginia, MN 55792

    $420,000
    Turnkey Dave's Pizza restaurant sale includes the building, equipment, and fixtures
    Wood‑frame building with shingle roof and steam heating; built in 1965
    Functional kitchen and established restaurant layout designed for daily operations
    Upstairs apartment currently used as office space and staff break room, with residential potential
    Includes customer parking and is positioned for strong exposure and convenient access
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Virginia, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Family Restaurant
    Turn-Key Family Restaurant

    114 N Main Street, Aurora, MN 55705

    $425,000
    2,250 sqft

    Turn-key restaurant includes main dining space and a basement with a walk-in cooler and freezer for storage.

    View details
    Former Neighborhood Bar
    Former Neighborhood Bar

    19 W Lake Street, Chisholm, MN 55719

    $48,000
    1,825 sqft

    Former bar space with exposed brick, very tall ceilings, and an outdoor area at the rear.

    View details
    Established Restaurant in Aurora, MN
    Established Restaurant in Aurora, MN

    114 N Main St, Aurora, MN 55705

    $425,000

    Turn-key restaurant opportunity in the heart of Aurora, Minnesota.

    View details
    Downtown Bar Conversion Opportunity
    Downtown Bar Conversion Opportunity

    19 Lake St W, Chisholm, MN 55719

    $48,000

    Former neighborhood bar offers exposed brick, tall ceilings, and an outdoor area to support a range of concepts.

    View details

    Virginia, MN Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Virginia, MN on our real estate platform. These investment opportunities span a total of 4,673 square feet of properties for sale, with an estimated market value of $820,000.

    Sale prices for conventional restaurants in Virginia, MN start at $400,000, averaging $410,000, and reaching up to $420,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 2

    Demographics Overview

    Population 9,848
    Population Growth (5Y) +0.4%
    Median Household Income $50,616
    College Educated 13.3%

    High-Yield Neighborhoods for Investment

    Identify Virginia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55792 $264.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.53%
    Property Tax per SF $19.80 per SF
    Tax Rate vs County Average 0.05 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Louis County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in St. Louis County

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