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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    531 Railroad Ave, Albany, MN 56307-9804

    550 SF 0.08 ac lot Built 1972
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US46-1437126
    Property summary
    AI-generated overview

    This exceptional opportunity presents the acquisition of a well-established and profitable bakery located at 531 Railroad Avenue in Albany, Minnesota. The bakery boasts a substantial 2,975 square foot building situated on a 0.08-acre lot. For over two decades, this beloved local institution has cultivated a loyal customer base, renowned for its warm atmosphere and high-quality baked goods. The extensive menu features a wide array of freshly baked breads, pastries, custom cakes, and savory treats, including signature items like specialty breads (cracked wheat and rye), flaky danishes, and decadent cupcakes. The bakery prides itself on using high-quality ingredients and traditional techniques, sourcing seasonal produce from local farms whenever possible. More than just a bakery, this property serves as a community gathering place, fostering a strong sense of local connection. The business is offered at $399,900, representing a turnkey opportunity for an experienced entrepreneur or investor seeking a profitable and established business in a thriving community. The sale includes all existing equipment and fixtures, allowing for immediate operation and continued success. This is a rare chance to own a cherished local landmark with a proven track record and significant growth potential. The property's prime location in the heart of Albany ensures high visibility and convenient access for customers.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1972
    Construction WOOD
    Total area 550 SF
    Lot 0.08 ac (3,500 SF)
    APN 40.25580.0000
    UPID US46-1437126
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Albany Home Bakery Bakery Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    BAKERY BUILDING LLC
    BAKERY BUILDING LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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