Turnkey Wine Bar &
For Sale
$735,000
102 Coffee St W, Lanesboro, MN 55949
Fully equipped, fully renovated wine bar and restaurant with ground patio, deck, and private upper balcony seating.
Property Size4,000 SF
Price / SF$183.75
Days on Market151
Property Features for 102 Coffee St W
General Information
Standard status
Active
Size
4,000 SF
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Realty
Listed By:
Adam Howell
(507) 990-3433
Source:
Homesminn
Added: May 8
Changed: Sep 11
Last Checked: Oct 4 at 1:20PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This fully operational, turnkey wine bar and restaurant occupies a 2-story mixed-use commercial property that was completely renovated and modernized within the last 5 years. The sale includes a fully equipped commercial kitchen and complete wine bar setup, along with all furniture, fixtures, and equipment.
The space is designed for indoor and outdoor service, with an approximately 40' x 18' ground-level patio, an approximately 40' x 14' deck, and a private approximately 14' x 20' upper-level balcony.
The property is positioned in Lanesboro, a destination draw for outdoor recreation and the arts, with the Root River State Trail and Root River activities contributing to year-round visitor interest. This established setting offers a turnkey opportunity to continue the current concept or reimagine the space for another restaurant and mixed-use direction.
The space is designed for indoor and outdoor service, with an approximately 40' x 18' ground-level patio, an approximately 40' x 14' deck, and a private approximately 14' x 20' upper-level balcony.
The property is positioned in Lanesboro, a destination draw for outdoor recreation and the arts, with the Root River State Trail and Root River activities contributing to year-round visitor interest. This established setting offers a turnkey opportunity to continue the current concept or reimagine the space for another restaurant and mixed-use direction.
Key Highlights
- Fully equipped, fully renovated 2,000 SF 2‑story wine bar and restaurant (Year built: 1920).
- Commercial kitchen is fully equipped and ready for immediate operation.
- Sale includes all furniture, fixtures, and equipment for the wine bar and restaurant.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,650
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,000
$1.1M
Cap Rate 7%
$752,143
$752.1K
Cap Rate 9%
$585,000
$585.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$72.0K $18.00/SF
− Vacancy
−$1.8K −$0.45/SF
EGI
$70.2K $17.55/SF
− OpEx
−$17.6K −$4.39/SF
NOI
$52.7K $13.16/SF
Area
Fillmore County, MN
Vacancy
2.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,000
Cap Rate 7%
$752,143
Cap Rate 9%
$585,000
Alternative Uses
Best Use
Specialty Retail
$752.1K
$658.1K – $877.5K
NOI $52,650 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,843 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
785
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Merchants Bank
Shops & Services
785 visits/mo
0.1 miles
Demographics for 55949, MN
1,864
Population
998
Households
1.9
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
113.9 sq mi
ZIP Area
16
Density / Sq Mi
$80,357
Median Household Income
$41,437
Median Earnings
$579
Median Rent
$249,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Root River 102 — 102 Coffee St W, Lanesboro, MN 55949
- Root River Saloon — 112 Coffee St E, Lanesboro, MN 55949
- St. Mane Theatre — 206 Parkway Ave N, Lanesboro, MN 55949
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully equipped, fully renovated wine bar and restaurant with ground patio, deck, and private upper balcony seating.
Where is this bar & pub located?
The property is located at 102 Coffee St W Lanesboro, MN.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Fully equipped, fully renovated 2,000 SF 2‑story wine bar and restaurant (Year built: 1920).; Commercial kitchen is fully equipped and ready for immediate operation.; Sale includes all furniture, fixtures, and equipment for the wine bar and restaurant.
