Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    118 Main Street S Cambridge, MN 55008

    View on Map
    For Sale
    $849,000

    Commercial - Cambridge, MN

    Lot size:
    0.08 Acres
    Added:
    Jan 6, 2026
    Days on Market:
    85
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 118 Main Street S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Exterior features
    Brick/Stone
    Standard status
    Active
    APN
    150660040
    Lot size
    0.08 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    5052

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1906
    Flooring type
    Carpet, Drainage, Tile
    Building materials
    Brick, Concrete, Frame
    Roof type
    Flat, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Michelle Nicollette Hosch

    Listing agent Michelle Nicollette Hosch

    Listing office Century 21 Moline Realty Inc 202 Main St S, Cambridge, MN

    Listing date Jan 6, 2026

    MLS# 6792027 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.

    Overview

    Established Restaurant on Main Street

    This property presents an opportunity to acquire People’s Cafe, a restaurant situated in downtown Cambridge. The business has been operating for 42 years on Main Street, and benefits from auto and foot traffic and a repeat customer base. The property features over 2,900 square feet of space, including a commercial kitchen, a dining area with seating for up to 88 patrons, and back-of-house areas. The sale includes the building, furniture, fixtures, and equipment, such as tables, chairs, kitchen equipment, supplies, small wares, the People’s Cafe name and logo. Recent improvements include a new roof (2025), new carpet (2024), new condenser (2023), on-demand water heater (2020), and a new ice machine (2018). Located on Main Street, the cafe has visibility and exposure during community events. The property is a 0.078-acre lot and is zoned for Business/Commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Isanti
    State
    Minnesota
    Longitude
    -93.223742
    Latitude
    45.572146

    Nearby Similar for Sale

    • $480,000

      Cambridge Commercial Building with Upgrades

      Four-unit commercial building in downtown Cambridge with recent upgrades.
      126 Adams Street S, Cambridge, MN 55008
      View Details
    • $14

      Downtown Cambridge Professional Office Space

      Turnkey office building with private parking and Main Street presence.
      244 Main Street S, Cambridge, MN 55008
      View Details
    • $595,000

      Cambridge Commercial Opportunity on Highway

      Commercial property on 0.88 acres with Highway 95 frontage.
      5626 Hwy 95 NW, Cambridge, MN 55008
      View Details
    • $9

      Downtown Cambridge Commercial Space

      2500 sq ft space suitable for retail or office.
      220 Ashland Street S, Cambridge, MN 55008
      View Details
    • $168,000

      Cambridge Commercial Building Opportunity

      Downtown Cambridge commercial building with potential for multiple units.
      220 Ashland Street S, Cambridge, MN 55008
      View Details
    • $740,000
      4,280 SF

      Cambridge Office Building For Sale

      Office building in Cambridge, MN, with potential for multiple suites.
      600 S Main St, Cambridge, MN
      View Details
    • $585,000
      3,500 SF

      Cambridge Office Building For Sale

      Office building in park-like setting with new NNN lease.
      1994 E Rum River Dr S, Cambridge, MN
      View Details
    • $1,300,000
      4,819 SF

      Entertainment Complex For Sale

      Mini Golf, Ice Cream, Laser Tag, and Arcade complex.
      215 Opportunity Blvd N, Cambridge, MN
      View Details
    • $1,250,000
      9,626 SF

      Cambridge Retail Building For Sale

      Fully leased retail building with long-term tenants in Cambridge.
      538 Main St S, Cambridge, MN
      View Details
    • $379,900
      5,298 SF

      Cambridge Commercial Kitchen Opportunity

      Former bakery with commercial kitchen hookups and ventilation.
      130 Main St S, Cambridge, MN
      View Details
    • $324,900
      6,000 SF

      Commercial Lot with Highway Frontage

      Versatile commercial lot with three buildings and highway frontage.
      130 Cleveland St N, Cambridge, MN
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant opportunity with loyal customer base in Cambridge.
    Where is this restaurant located?
    The property is located at 118 Main Street S Cambridge, MN.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Turnkey restaurant opportunity: Includes building, furniture, fixtures, equipment, name, and logo.; Well‑established business: Benefit from 42 years of success and a loyal customer base.; Prime downtown location: Enjoy high visibility and traffic on Main Street.
    (651) 757-5296
    We can help!
    Listing Contact
    Michelle Nicollette Hosch
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!