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    405 Main St Rice, MN 56367

    Sponsored
    For Sale
    $595,000

    Established Eatery, 4,400 SF, 1.39 Acres

    Property size:
    4,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property presents a rare opportunity to acquire a well-established restaurant and catering business in the thriving community of Rice, Minnesota. Located on the highly visible Highway 10 corridor, the property boasts a spacious 4,400 square foot building situated on a generous 1.39-acre lot. The building comfortably seats over 140 patrons and is fully equipped for immediate operation. Recent improvements include a new point-of-sale system and a durable steel roof, reflecting a commitment to ongoing maintenance and modernization. Ample parking is available, and the expansive lot offers significant potential for future expansion of the existing restaurant or even the possibility of subdividing the land for additional commercial development. The property benefits from minimal competition in the immediate area, ensuring a strong market position. This turnkey operation is ideal for an experienced restaurateur seeking to acquire a profitable, established business with significant growth potential. The current owner is prepared to assist with a smooth transition to new ownership, ensuring a seamless handover of operations. This is a truly unique opportunity to own a successful restaurant in a desirable location.

    Property Features for 405 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,400 SF
    Lot Size
    60,548 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Old Creamery Cafe Restaurant Creative Catering Caterer

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Rice
    County
    Benton
    State
    Minnesota
    Longitude
    -94.21614
    Latitude
    45.75413

    Nearby Comparable

    • $675,000

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      Prime Hwy 10 location, 4400 sq ft, high visibility.
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      Prime Rice Retail Investment

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      Commercial Land Near Highway 10

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    • $1,525,000
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      Industrial Property in Rice, MN

      Industrial property ideal for manufacturing, distribution, and warehousing.
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    Nearby Similar for Sale

    • $1,525,000
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      Industrial Property in Rice, MN

      Industrial property ideal for manufacturing, distribution, and warehousing.
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    • $275,000
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      Retail/Light Industrial Space Available

      High-visibility retail/light industrial space near Hwy 10.
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      View Details
    • $275,000
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      Prime Rice Retail Investment

      Two-unit storefront, high visibility, Hwy 10 access.
      245 Main St, Rice, MN 56367
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    FAQs

    What type of property is this?
    Commercial real estate - Established Eatery, 4,400 SF, 1.39 Acres
    Where is this commercial real estate located?
    The property is located at 405 Main St Rice, MN.
    What is the asking price?
    The asking price for this property is $595,000.
    (320) 251-1177
    Request Owner's contact information
    405 Main St Rice, MN 56367
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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
    405 Main St Rice, MN 56367
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