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    7 1St Ave NW Crosby, MN 56441

    For Sale
    $725,000

    Restaurant with two rental apartments in Crosby, Minnesota.

    Property size:
    2,888 SF
    Lot size:
    0.29 Acres

    Property Features for 7 1St Ave NW

    General Information

    Size
    2,888 SF
    Lot size
    0.29 Acres

    Source: Realty Group - Coon Rapids Agent Michael Finley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant with Rental Apartments

    This property features The Croft Restaurant in Crosby, Minnesota. The restaurant offers an interesting concept and unique menu. The seller is motivated. The property offers the option to maintain the existing concept and grow it, or to introduce a new concept. Additionally, the property includes two rental apartments that can provide extra revenue or be utilized as management or chef quarters. The property size is 2888 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Crosby
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -93.952927
    Latitude
    46.483092

    Nearby Similar for Sale

    • $199,000
      2,406 SF

      Crosby Mixed-Use Commercial Building

      Prime Crosby location, retail & residence.
      20 3Rd Ave, Crosby, MN 56441
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant with two rental apartments in Crosby, Minnesota.
    Where is this restaurant located?
    The property is located at 7 1St Ave NW Crosby, MN.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Existing restaurant with unique concept and menu.; - Two rental apartments for extra revenue.; - Option to keep existing concept or start a new one.
    (952) 992-0656
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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
    7 1St Ave NW Crosby, MN 56441
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