Multi-Tenant Restaurant
New
For Sale
$1,200,000
701 Soo Lane, Buffalo, MN 55313
Commercial Sale, Buffalo, MN
Property Size4,066 SF
Lot Size0.38 Acres
Price / SF$295.13
Days on Market2
Property Features for 701 Soo Lane
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Business/Commercial
Parking features
Parking Lot, Driveway
Accessibility
Accessible Approach with Ramp
Subdivision
Ruffs Add
High school district
Buffalo-Hanover-Montrose
Directions
Going East on Highway 55, make a left on 3rd Ave NE, then an immediate right on Soo LN, property will be on the left side.
Standard status
Active
APN
103042004170
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
20416
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2002
Listing Agency:
Re/Max Results · RE/MAX International
(507) 288-1111
Listed By:
Diego Correa Bravo
(952) 829-2900
Added: Oct 4
Changed: Oct 5
Last Checked: Oct 5 at 9:06PM
MLS# 7155076
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.
Investment Insights
Based on property information with market context.
The 4,066-square-foot property occupies approximately 0.38 acres and contains two operating businesses: Subway and Mi Ranchito Market. The seller owns and operates the Subway and is willing to lease back that space. The building was constructed in 2002 and has forced-air heating, central air conditioning, and an accessible approach with a ramp.
Located near Highway 55 in Buffalo, the property has parking via a lot and driveway. Its current commercial occupancy includes both a restaurant and a market.
Located near Highway 55 in Buffalo, the property has parking via a lot and driveway. Its current commercial occupancy includes both a restaurant and a market.
Key Highlights
- Approximately 4,066 square feet on roughly 0.38 acres
- Two on‑site businesses: Subway and Mi Ranchito Market
- Subway owner is willing to lease back the space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,197
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,940
$1.2M
Cap Rate 7%
$859,957
$860.0K
Cap Rate 9%
$668,856
$668.9K
Market Conditions
NOI Build-Up for 4,066 SF
Gross rent
$85.4K $21.00/SF
− Vacancy
−$5.1K −$1.26/SF
EGI
$80.3K $19.74/SF
− OpEx
−$20.1K −$4.94/SF
NOI
$60.2K $14.81/SF
Area
Wright County, MN
Vacancy
6.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,940
Cap Rate 7%
$859,957
Cap Rate 9%
$668,856
Alternative Uses
Best Use
Specialty Retail
$860.0K
$752.5K – $1.00M
NOI $60,197 @ 7.0% cap · market cap 5.02%
Second Best
Retail
$715.4K
$626.0K – $834.7K
NOI $50,079 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$970.1K
$848.8K – $1.13M
NOI $67,904 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
133k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 36%
Electronics 2%
Beauty & Spa 1%
McDonald's
Dining
27,860 visits/mo
0.1 miles
Holiday Station Store
Shops & Services
24,549 visits/mo
0.2 miles
Culver's
Dining
23,255 visits/mo
0.3 miles
Arby's
Dining
10,087 visits/mo
0.5 miles
Perkins Restaurant & Bakery
Dining
7,547 visits/mo
0.3 miles
Demographics for 55313, MN
24,406
Population
9,445
Households
2.6
Avg Household Size
40
Median Age
31%
College-Educated
94%
High-School Grad
107.7 sq mi
ZIP Area
227
Density / Sq Mi
$93,471
Median Household Income
$53,867
Median Earnings
$1,150
Median Rent
$321,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two operating businesses occupy the property, including a Subway with potential for a seller leaseback.
Where is this conventional restaurant located?
The property is located at 701 Soo Lane Buffalo, MN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 4,066 square feet on roughly 0.38 acres; Two on‑site businesses: Subway and Mi Ranchito Market; Subway owner is willing to lease back the space
