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    9563 Madison St Garrison, MN 56450

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    For Sale
    $375,000

    Established restaurant and ice cream shop near Mille Lacs Lake.

    Property size:
    5,440 SF
    Lot size:
    0.27 Acres

    Property Features for 9563 Madison St

    General Information

    Size
    5,440 SF
    Lot size
    0.27 Acres

    Source: Close-Converse Commercial Properties Agent Christopher C. Close

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

    Overview

    Restaurant and Ice Cream Shop

    This is an opportunity to acquire a well-established restaurant and ice cream shop that has been in operation for over 40 years. The Spotlite Cafe, located along Hwy 169 in Garrison, opposite Mille Lacs Lake, is known for its made-from-scratch all-day breakfast, lunch, and dinner, including its original pancake recipe. The restaurant also features the Ice Cream Spot, an ice cream parlor and gift shop serving Kemps ice cream, and a Mille Lacs Lake Gift Shop with apparel and souvenirs. The property includes an upper-level apartment overlooking Mille Lacs Lake. The purchase price includes the land, building, furniture, fixtures, and equipment. The property offers easy access, excellent visibility, and high traffic counts. The building size is 5440 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ice Cream Spot ... Ice Cream Shop Spotlite Cafe & Ice ... Family Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Pharmacy Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Garrison
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -93.825411
    Latitude
    46.294412

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    FAQs

    What type of property is this?
    Restaurant - Established restaurant and ice cream shop near Mille Lacs Lake.
    Where is this restaurant located?
    The property is located at 9563 Madison St Garrison, MN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Established restaurant and ice cream shop operating for over 40 years with a loyal customer base.; - Prime location on Hwy 169 in Garrison, directly across from Mille Lacs Lake, offering excellent visibility and high traffic.; - Includes a fully equipped restaurant, ice cream parlor, and gift shop (furniture, fixtures, and equipment included).
    (218) 831-7510
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    9563 Madison St Garrison, MN 56450
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    Garrison, MN 56450
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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
    9563 Madison St Garrison, MN 56450
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