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    Tavern and Restaurant with Patio Title is generated by Realmo AI

    110 Broadway Street E, New Germany, MN 55367

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    For Sale
    $450,000

    Commercial - New Germany, MN

    Lot size:
    0.30 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 110 Broadway Street E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    Parking Lot
    Exterior features
    Cedar, Wood
    Standard status
    Active
    APN
    550500480
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    3352

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Wall Unit(s)

    Building Details

    Year built
    1938
    Building materials
    Block, Concrete
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Lemmerman

    Listing agent Joseph Lemmerman

    Listing office National Realty Guild 521 7th St S #108, Minneapolis, MN

    Listing date Jun 4, 2026

    MLS# 7086551 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • T‑Road Tavern open for more than 60 years, with the name used for 50+ years
    • New total roof installed fall 2025
    • 2019 60 ft x 60 ft rear yard patio with 8 ft tall cedar‑plank fence
    • Artificial turf from the Minnesota Gophers practice field
    • Construction includes block and concrete; roof is asphalt shingle
    • Heating: forced air; cooling includes central air and wall units; parking lot available

    Overview

    This property operates as a tavern and restaurant and has been open for more than 60 years, with the T-Road Tavern name used for 50-plus years. Improvements include a new total roof installed in fall 2025. The outdoor area features a 60-foot by 60-foot rear yard patio built in 2019, enclosed by an 8-foot tall fence made with solid cedar planks and posts using telephone poles set about 5 feet into the ground. The property also includes paver walkways constructed with “AZAK” brand recycled pavers and artificial turf sourced from the Minnesota Gophers practice field.

    The business is located at 110 Broadway Street E in New Germany, Minnesota, within Business/Commercial zoning. The offering is being made as the owners are ready to retire from the tavern and restaurant operation.

    For buyers seeking an established food and beverage concept with existing operating history, this property provides a turnkey restaurant/tavern framework alongside expanded patio amenities. Recent roof replacement and the defined outdoor gathering space make it a practical fit for an operator planning to continue serving customers on-site. The sale is structured for continuity of the existing business use in the Business/Commercial zoning category.
    Property Profile Location Intelligence

    Current Use by Public Records

    T-Road Tavern Bar & Pub

    Suggested Use

    Building Supply Auto Repair Shop Grocery & Convenience Store HVAC Service Bar & Pub Home Appliance Store Plumbing Service Butcher

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

    Similar Places Nearby

    • T-Road Tavern — 110 Broadway St E, New Germany, MN 55367
    • Heimey's Place — 250 Broadway St E, New Germany, MN 55367
    • Fat Boyz — 360 Broadway St E, New Germany, MN 55367

    Location Insight

    • Map
    • Local Demand
    City
    New Germany
    County
    Carver
    State
    Minnesota
    Longitude
    -93.9701307
    Latitude
    44.8846028

    FAQs

    What type of property is this?
    Bar & Pub - Long-running tavern and restaurant includes a large rear yard patio and recently installed roof.
    Where is this bar & pub located?
    The property is located at 110 Broadway Street E New Germany, MN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: T‑Road Tavern open for more than 60 years, with the name used for 50+ years; New total roof installed fall 2025; 2019 60 ft x 60 ft rear yard patio with 8 ft tall cedar‑plank fence
    (651) 330-8001
    We can help!
    Listing Contact
    Joseph Lemmerman
    Request Owner's contact information
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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