Building Details

Buildings 1

Construction brick

Listing Agency: OIB Realty m***@mnrealestateteam.com Show Phone

Listed By: Michael Whichello Show Phone

Source: Exprealty

Added: Apr 24 Changed: Aug 31 Last Checked: Aug 31 at 7:55PM

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Investment Insights

Based on property information with market context.

This freestanding brick restaurant building includes an established restaurant and bar configuration, allowing a new owner to continue the current concept or introduce a different one. The property includes restaurant equipment that is less than 3 years old and described as being in great condition.

Building improvements include a newer roof and recently updated major mechanical systems. An on-site parking lot supports the operation, while the property’s location at 115 Railway St W in Loretto, MN provides a defined setting for the restaurant use.

Key Highlights

• Freestanding brick restaurant building at 115 Railway St W, Loretto, MN
• Restaurant and bar configuration already in place
• All equipment less than 3 years old

Property Analytics

Property Profile

Current Use

Warren's Restaurant & Bar Restaurant

Suggested Use

Top Pick Parking Lot & Garage Dental Office Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center

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

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

114

Businesses Nearby

389

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Beauty & Spa 100%

Bubbles Beauty & Spa

389 visits/mo 0.2 miles

Demographics for 55357, MN

3,370

Population

1,284

Households

2.6

Avg Household Size

42

Median Age

50%

College-Educated

98%

High-School Grad

19.5 sq mi

ZIP Area

173

Density / Sq Mi

$147,256

Median Household Income

$64,231

Median Earnings

$1,146

Median Rent

$491,200

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

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Existing restaurant and bar setup with updated building systems and on-site parking.

Where is this conventional restaurant located?

The property is located at 115 Railway St W Loretto, MN.

What is the asking price?

The asking price for this property is $824,999.

What are key features of this property?

This property features: Freestanding brick restaurant building at 115 Railway St W, Loretto, MN; Restaurant and bar configuration already in place; All equipment less than 3 years old