Listing Agency: Telus Property Services + Solutions

Listed By: David Robson · License #MN 40126656

Source: Crexi

Added: Apr 11 Changed: Jul 20 Last Checked: Jul 23 at 1:27PM

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Investment Insights

Based on property information with market context.

This turn-key 6,200 sf restaurant is offered in ready-to-operate condition, with renovations completed in 2015 and new FF&E installed in 2015.

The property is located off HWY 8 on North Center Lake, with a reported traffic count of 14,000 vehicles per day.

Key Highlights

• 6,200 SF restaurant located off HWY 8 on North Center Lake
• Renovated in 2015 and new FF&E installed in 2015
• Highly visible position with traffic count reported at 14,000 per day

Property Analytics

Current Use

Jake's on the Lakes Restaurant

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Electrical Service Plumbing Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

100

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 55012, MN

1,948

Population

821

Households

2.4

Avg Household Size

44

Median Age

31%

College-Educated

96%

High-School Grad

23.7 sq mi

ZIP Area

82

Density / Sq Mi

$93,500

Median Household Income

$41,864

Median Earnings

$1,337

Median Rent

$367,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - 6,200 sf restaurant off HWY 8 on North Center Lake, renovated in 2015 with new FF&E in 2015.

Where is this conventional restaurant located?

The property is located at 300 Andrews Ave Center City, MN.

What are key features of this property?

This property features: 6,200 SF restaurant located off HWY 8 on North Center Lake; Renovated in 2015 and new FF&E installed in 2015; Highly visible position with traffic count reported at 14,000 per day