Downtown Bar and
124 Holmes Street S Shakopee, MN 55379
For Sale
$2,000,000
Turnkey bar and restaurant with extensive bar space, dedicated party room, billiards area, and renovated interior.
Property Size6,400 SF
Price / SF$312.50
Days on Market168
Property Features for 124 Holmes Street S
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Dave Brown, REALTORS
(952) 836-7820
Listed By:
Vincent Brown
(952) 836-7820
Source:
Juverealestate
Added: Feb 11
Changed: Jul 28
Last Checked: Jul 29 at 12:11PM
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 Dave Brown, REALTORS
Investment Insights
Based on property information with market context.
This downtown bar and restaurant offers more than 3,000 square feet of bar space and an exceptional layout designed for an active, social environment. The property has been beautifully renovated throughout and includes five bathrooms, a large billiards area, and a dedicated party room suitable for special events.
The building also features two apartments above and a partial basement, adding additional on-site residential space. Public remarks describe the operation as successful with a loyal following.
Overall, the offering combines a renovated bar-and-restaurant interior with event-ready features and supplemental space within the same structure.
The building also features two apartments above and a partial basement, adding additional on-site residential space. Public remarks describe the operation as successful with a loyal following.
Overall, the offering combines a renovated bar-and-restaurant interior with event-ready features and supplemental space within the same structure.
Key Highlights
- Year built 1900 bar and restaurant in Downtown Shakopee
- 3000+ feet of bar space plus a large billiard area
- Beautifully renovated throughout with 5 bathrooms
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 | $138.2k | $21.60 |
| − Vacancy | −$6.2k | −$0.97 |
| EGI | $132.0k | $20.63 |
| − OpEx | −$33.0k | −$5.16 |
| NOI | $99.0k | $15.47 |
6,400 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $99,014 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,883 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- BSG Distlling — 800 1st Ave W, Shakopee, MN 55379
- Babes Place — 124 Holmes St S, Shakopee, MN 55379
- Pullman Club — 124 1st Ave W, Shakopee, MN 55379
- Arnie's Bar — 122 1st Ave E, Shakopee, MN 55379
- The Shakopee Eagles Club, 4120 — 298-200 2nd Ave W, Shakopee, MN 55379
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey bar and restaurant with extensive bar space, dedicated party room, billiards area, and renovated interior.
Where is this bar & pub located?
The property is located at 124 Holmes Street S Shakopee, MN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Year built 1900 bar and restaurant in Downtown Shakopee; 3000+ feet of bar space plus a large billiard area; Beautifully renovated throughout with 5 bathrooms
