Building Details

Building Size 2,000 SF

Year Built 1938

Units 1

Listing Agency: National Realty Guild

Listed By: Joseph Lemmerman Show Phone

Source: Getyoumoved

Added: Oct 22 Changed: Oct 25 Last Checked: Oct 29 at 11:17PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Operating as a tavern for more than 60 years, this 2,000-square-foot property dates to 1938 and carries the T-Road Tavern name. A complete roof replacement was finished in fall 2025. Business/Commercial zoning is identified for the property.

The 60-foot-by-60-foot rear patio was constructed in 2019 and is enclosed by an 8-foot cedar-plank fence. Its walkways use AZAK recycled pavers, and the patio also has artificial turf sourced from the Minnesota Gophers practice field.

Key Highlights

• Tavern operating for more than 60 years under the T‑Road Tavern name
• 2,000‑square‑foot building constructed in 1938
• Complete roof replacement finished in fall 2025

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,610

Cap Rate

7.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$592,200 $592.2K

Cap Rate 7%

$423,000 $423.0K

Cap Rate 9%

$329,000 $329.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$42.0K $21.00/SF

− Vacancy

−$2.5K −$1.26/SF

EGI

$39.5K $19.74/SF

− OpEx

−$9.9K −$4.94/SF

NOI

$29.6K $14.81/SF

Area

Carver 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%

$592,200

Cap Rate 7%

$423,000

Cap Rate 9%

$329,000

Alternative Uses

Best Use

Specialty Retail

$423.0K

$370.1K – $493.5K (±1% cap)

NOI $29,610 @ 7.0% cap · market cap 7.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$477.2K

$417.5K – $556.7K (±1% cap)

NOI $33,401 @ 7.0% cap · market cap 7.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

T-Road Tavern Bar & Pub

Suggested Use

Top Pick HVAC Service Plumbing Service Building Supply Butcher Home Appliance Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 55367, MN

992

Population

410

Households

2.4

Avg Household Size

38

Median Age

18%

College-Educated

94%

High-School Grad

19.3 sq mi

ZIP Area

51

Density / Sq Mi

$89,896

Median Household Income

$50,729

Median Earnings

$1,075

Median Rent

$304,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar Off Market Nearby

• T-Road Tavern — 110 Broadway St E, New Germany, MN 55367
• Fat Boyz — 360 Broadway St E, New Germany, MN 55367
• Heimey's Place — 250 Broadway St E, New Germany, MN 55367

Frequently Asked Questions

What type of property is this?

Bar & Pub - The established tavern pairs indoor service space with a fenced outdoor patio.

Where is this bar & pub located?

The property is located at 110 Broadway Street E New Germany, MN.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: Tavern operating for more than 60 years under the T‑Road Tavern name; 2,000‑square‑foot building constructed in 1938; Complete roof replacement finished in fall 2025