Turnkey Wine Bar &
102 Coffee Street West Lanesboro, MN 55949
For Sale
Contact for pricing
Fully equipped, fully renovated wine bar and restaurant with ground patio, deck, and private upper balcony seating.
Property Size4,000 SF
Price / SF$183.75
Days on Market93
Property Features for 102 Coffee Street West
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Retail, Hospitality, Mixed Use
Building Details
- Year Built
- 1920
Listing Agency:
Hamilton Real Estate Group
(507) 281-1002
Listed By:
Andy Bianco · License #40976637
Source:
Crexi
Added: Apr 23
Changed: Jul 23
Last Checked: Jul 23 at 7:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hamilton Real Estate Group
Investment Insights
Based on property information with market context.
This fully operational, turnkey wine bar and restaurant occupies a 2-story mixed-use commercial property that was completely renovated and modernized within the last 5 years. The sale includes a fully equipped commercial kitchen and complete wine bar setup, along with all furniture, fixtures, and equipment.
The space is designed for indoor and outdoor service, with an approximately 40' x 18' ground-level patio, an approximately 40' x 14' deck, and a private approximately 14' x 20' upper-level balcony.
The property is positioned in Lanesboro, a destination draw for outdoor recreation and the arts, with the Root River State Trail and Root River activities contributing to year-round visitor interest. This established setting offers a turnkey opportunity to continue the current concept or reimagine the space for another restaurant and mixed-use direction.
The space is designed for indoor and outdoor service, with an approximately 40' x 18' ground-level patio, an approximately 40' x 14' deck, and a private approximately 14' x 20' upper-level balcony.
The property is positioned in Lanesboro, a destination draw for outdoor recreation and the arts, with the Root River State Trail and Root River activities contributing to year-round visitor interest. This established setting offers a turnkey opportunity to continue the current concept or reimagine the space for another restaurant and mixed-use direction.
Key Highlights
- Fully equipped, fully renovated 2,000 SF 2‑story wine bar and restaurant (Year built: 1920).
- Commercial kitchen is fully equipped and ready for immediate operation.
- Sale includes all furniture, fixtures, and equipment for the wine bar and restaurant.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $18.00 |
| − Vacancy | −$1.8k | −$0.45 |
| EGI | $70.2k | $17.55 |
| − OpEx | −$17.6k | −$4.39 |
| NOI | $52.7k | $13.16 |
4,000 SF · lease $18.00/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$752.1K
$658.1K – $877.5K
NOI $52,650 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,843 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar Off Market Nearby
- Root River Saloon — 112 Coffee St E, Lanesboro, MN 55949
- St. Mane Theatre — 206 Parkway Ave N, Lanesboro, MN 55949
- Root River 102 — 102 Coffee St W, Lanesboro, MN 55949
FAQs
What type of property is this?
Bar & Pub - Fully equipped, fully renovated wine bar and restaurant with ground patio, deck, and private upper balcony seating.
Where is this bar & pub located?
The property is located at 102 Coffee Street West Lanesboro, MN.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Fully equipped, fully renovated 2,000 SF 2‑story wine bar and restaurant (Year built: 1920).; Commercial kitchen is fully equipped and ready for immediate operation.; Sale includes all furniture, fixtures, and equipment for the wine bar and restaurant.
