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    1001 Division St Waite Park, MN 56387

    For Sale
    $1,950,000

    Commercial - Waite Park, MN

    Lot size:
    0.93 Acres
    Days on Market:
    231
    Last Refresh:
    Dec 14 at 5:06 pm

    Property Features for 1001 Division St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    98612760000
    Parking features
    Driveway, Parking Lot, Paved or Surfaced
    Exterior features
    Brick/Stone, Stucco
    Lot size
    0.93 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    2007
    Architectural style
    Other

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Bill Molitor (952) 829-2900

    Listing date Apr 28, 2025

    MLS# 6709189 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant on Division Street

    This turnkey restaurant is situated on Division Street, benefiting from high east-west traffic flow through St. Cloud and Waite Park. The well-maintained building includes real estate and all furniture, fixtures, and equipment (FF&E). The property is zoned for business and commercial use. The building size is approximately 5,800 square feet, situated on a lot of approximately 40,717 square feet (0.9347 acres). The restaurant has a seating capacity of 150, plus an additional 25 on the 19' x 30' patio. It features a fire protection system, a dining area, a private dining room, and a bar area. The kitchen is equipped with a 20' 5" Type II hood and an 11' Type II hood set up as a catering kitchen, a 7' x 16' walk-in cooler, a 7' x 7' walk-in cooler, and a 7' x 12' walk-in freezer. Parking is provided by 63 stalls. The property is located at a controlled intersection. Traffic counts from 2017 show 20,500 vehicles on Division Street and 11,500 on 10th Avenue North. The property is located in Waite Park, Minnesota.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Daycare Center Accounting Firm Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waite Park
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.229835
    Latitude
    45.553719

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    FAQs

    What type of property is this?
    Turn key restaurant - Well-maintained restaurant with real estate and equipment included in sale.
    Where is this turn key restaurant located?
    The property is located at 1001 Division St Waite Park, MN.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Turn-key restaurant opportunity including real estate and all FF&E.; - **High-traffic location on Division Street with 20,500 vehicles per day.**; - **Seating capacity of 150 plus an additional 25 on the patio.**
    (952) 829-2900
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1001 Division St Waite Park, MN 56387
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