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    140 1St St Hackensack, MN 56452

    Sponsored
    For Sale
    $399,900

    Turnkey Restaurant, Duplex, & Billboard!

    Property size:
    3,890 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity in Hackensack, MN, presents a thriving restaurant business, a profitable duplex, and a billboard lease – all in one package! The 3,890 square foot property includes a well-established pizza restaurant, complete with all equipment, retail shelving, and inventory. The restaurant is renowned for its delicious pizza, extensive selection of retro candy, and unique gift offerings. Significant expansion potential exists, thanks to a large patio and ample outdoor space. Adding to the income stream is a duplex featuring two one-bedroom, three-quarter bathroom units, each with its own charm. A convenient attached two-car garage and shared laundry room cater to the tenants' needs. The property's prime location across from the city park and Birch Lake, adjacent to an ice cream shop and brewery, creates a vibrant and family-friendly atmosphere. The included billboard lease south of town provides additional passive income. This unique combination of established business, rental income, and prime location offers a compelling investment opportunity with substantial upside. The 0.01-acre lot provides ample space for the existing buildings and outdoor areas. This is a rare chance to acquire a turnkey operation with immediate cash flow and significant growth potential in a thriving community. Don't miss this chance to own a piece of Hackensack's vibrant business scene.

    Property Features for 140 1St St

    General Information

    Property type
    Residential income properties
    Square Feet
    3,890 SF
    Lot Size
    436 SF

    Building Details

    Year Built
    1946
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Auto Repair Shop Nail Salon Clothing Store Hotel & Motel Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Hackensack
    County
    Cass
    State
    Minnesota
    Longitude
    -94.52203
    Latitude
    46.92997

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Residential income property - Turnkey Restaurant, Duplex, & Billboard!
    Where is this residential income property located?
    The property is located at 140 1St St Hackensack, MN.
    What is the asking price?
    The asking price for this property is $399,900.
    (218) 547-1001
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    140 1St St Hackensack, MN 56452
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    Hackensack, MN 56452
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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
    140 1St St Hackensack, MN 56452
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