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    812 7Th Ave Two Harbors, MN 55616

    For Sale
    $749,000

    Restaurant and retail property in high-visibility location.

    Property size:
    3,475 SF
    Lot size:
    0.25 Acres

    Property Features for 812 7Th Ave

    General Information

    Size
    3,475 SF
    Lot size
    0.25 Acres

    Source: Greg Follmer Commercial Real Estate Agent Greg Follmer

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

    Overview

    Turn-Key Restaurant Opportunity

    This is a turn-key opportunity to acquire a restaurant property in Two Harbors. Currently operating as the Vanilla Bean, this property offers a prime opportunity for a new owner. The restaurant space encompasses 2,670 square feet, complemented by an additional 805 square feet of patio and outdoor seating. Adjacent to the restaurant is a 1,404-square-foot retail building, which is currently leased. The property benefits from ample parking and a high-visibility location on the main thoroughfare in Two Harbors. The property includes two parcels: 23-7661-33020 and 23-7661-33010. The 2022 taxes were $9,654.58. The total property size is 3,475 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vanilla Bean - Two ... American Restaurant Agate Bay Outfitters ... Gift Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Two Harbors
    County
    Lake
    State
    Minnesota
    Longitude
    -91.6755715
    Latitude
    47.0255301

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      Prime Two Harbors Restaurant

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    FAQs

    What type of property is this?
    Restaurant - Restaurant and retail property in high-visibility location.
    Where is this restaurant located?
    The property is located at 812 7Th Ave Two Harbors, MN.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - High Visibility Location on the main thoroughfare in Two Harbors; - Turn-Key restaurant opportunity currently operating as "Vanilla Bean"; - Restaurant with **2670 SF interior and 805 SF of patio/outdoor seating**
    (218) 310-0013
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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
    812 7Th Ave Two Harbors, MN 55616
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