110 N Lake Avenue, Battle Lake, MN 56515
Fully functional restaurant for sale in a high-traffic location.
- Added:
- Aug 3, 2024
- Days on Market:
- 683
- Last Refresh:
- May 20 at 1:56 am
Property Features for 110 N Lake Avenue
General Information
- Standard status
- Active
- Size
- 2,472 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1910
Listing agent Timothy McCarte (218) 864-5203
Listing office Weichert, Realtors - Paulson Land Co (218) 864-5203
Listing date Aug 3, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Weichert, Realtors - Paulson Land Co
HighLights
- Fully functional and profitable fine dining restaurant.
- Prime real estate location in downtown Battle Lake with high traffic frontage.
- Numerous recent equipment upgrades including walk‑in cooler, HVAC, POS system, and kitchen equipment.
- Significant income potential by expanding operating hours to breakfast, lunch, and 7 days a week.
- Full‑service bar and ample seating.
- Opportunity to continue existing upscale dining or implement a new restaurant concept.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.9k | $18.96 |
| − Vacancy | −$1.2k | −$0.49 |
| EGI | $45.7k | $18.47 |
| − OpEx | −$11.4k | −$4.62 |
| NOI | $34.2k | $13.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Battle Lake
- County
- Otter Tail
- State
- Minnesota
- Longitude
- -95.7136
- Latitude
- 46.2825