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    Established Bar and Restaurant Opportunity Title is generated by Realmo AI

    126 & 130 Main Street S, Kiester, MN 56051

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    Two contiguous parcels with bar, restaurant, and expansion potential.

    Type:Special Purpose
    Property size:
    1,440 SF
    Price / SF:
    $163/SF
    Added:
    Jan 31, 2026
    Days on Market:
    111
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 126 & 130 Main Street S

    General Information

    Standard status
    Active
    Size
    1,440 SF
    Property subtype
    Special Purpose

    We can help!

    Listing Contact
    Rick Mummert

    Listing agent Rick Mummert License #MN

    Listing office Century 21 Atwood Albert Lea

    Listing date Jan 31, 2026

    Source Crexi

    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 Century 21 Atwood Albert Lea

    HighLights

    • Established on‑sale liquor business with food service
    • Includes two contiguous parcels and buildings
    • Enjoy the outdoor seating and dining on the 48' x 22' deck
    • Includes all liquor and food inventory (typically $10,000 value)
    • Fully equipped commercial kitchen with approved equipment
    • Weekly leagues and activities (pool, cards, darts, bingo)

    Overview

    This listing presents an opportunity for an established on-sale liquor business with food service. The property consists of two contiguous parcels and buildings, each with separate utility services, including municipal water and sewer, 100 amp electrical services with circuit breaker service panels, and a shared 1000-gallon LP tank. The building at 126 Main Street So. was intended to expand the dining and bar area into its 1440 square foot structure via a wide connecting hallway. The main bar area features an outside seating and dining patio on a 48' x 22' deck connected to the back of the building. Various weekly leagues and activities take place, including pool leagues, Texas Hold'em, dart leagues, and fireman's bingo. The business also provides pull tabs and e-tabs for charitable gambling. Kitchen hours are 3:00 pm - 9:00 pm on weekdays and noon - 9:00 pm on weekends. The facility includes an historic bar, pool table, stainless steel commercial kitchen equipment, an Ansul exhaust hood, a walk-in cooler, and electronic amusement dart games. All kitchen equipment is approved by the local health inspector. Recent upgrades include a new hot water heater, roof, storefront, and windows on the 130 Main St. So. building. The list price includes all liquor and food inventory.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Kitchen & Bath Showroom Food Market Accounting Firm

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

    Similar Places Nearby

    • Forever Berma's — 130 S Main St, Kiester, MN 56051

    Location Insight

    • Map
    • Local Demand
    City
    Kiester
    County
    Faribault
    State
    Minnesota
    Longitude
    -93.712375
    Latitude
    43.536334

    FAQs

    What type of property is this?
    Bar & Pub - Two contiguous parcels with bar, restaurant, and expansion potential.
    Where is this bar & pub located?
    The property is located at 126 & 130 Main Street S Kiester, MN.
    What is the asking price?
    The asking price for this property is $234,900.
    What are key features of this property?
    This property features: Established on‑sale liquor business with food service; Includes two contiguous parcels and buildings; Enjoy the outdoor seating and dining on the 48' x 22' deck
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rick Mummert
    Real Estate License ID: MN
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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