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Turn-Key Restaurant with Patio
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812 7th Ave, Two Harbors, MN 55616

Turn-key restaurant includes indoor dining and an outdoor seating patio, with an adjacent leased retail building.

Property Size3,475 SF
Price / SF$215.54
Days on Market1559

Property Features for 812 7th Ave

General Information

Standard status Active
Size 3,475 SF
Property subtype RETAIL

Additional Details

Business Included Yes
Road Access Yes

Building Details

Tenancy Multi
Listing Agency: Greg Follmer Commercial Real Estate
Listed By: Greg Follmer · License #27078
Source: Moodyscre
Added: Apr 26, 2022 Changed: Jul 26 Last Checked: Jul 31 at 1:32PM

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 Greg Follmer Commercial Real Estate

Investment Insights

Based on property information with market context.

This turn-key restaurant is currently operating as the “Vanilla Bean” and offers a ready-to-run opportunity in Two Harbors. The restaurant includes 2,670 SF of space plus an additional 805 SF of patio and outdoor seating.

Also included is a 1,404 SF retail building adjacent to the restaurant, which is currently leased. The property is described as having ample parking and high visibility on the main throughfare in Two Harbors.

A purchase or lease option is available. For reference, 2022 taxes were listed at $9,654.58.

Key Highlights

  • Restaurant space totals 2,670 SF plus 805 SF of patio/outdoor seating
  • Indoor dining restaurant with an adjacent 1,404 SF retail building (currently leased)
  • Ample parking available on‑site

Property Analytics

Current Use

Vanilla Bean - Two ... Restaurant Agate Bay Outfitters ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Parking Lot & Garage Auto Repair Shop Kitchen & Bath Showroom Grocery & Convenience Store Bakery

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

Lease Details

Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

42
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 76% Shops & Services 21% Hotels & Casinos 3%
Culver's Dining
9,954 visits/mo 0.3 miles
Holiday Station Store Shops & Services
3,543 visits/mo 0.3 miles
SUBWAY Dining
2,652 visits/mo 0.5 miles
AmericInn Lodge & Suites of Two Harbors MN Hotels & Casinos
517 visits/mo 0.3 miles

Demographics for 55616, MN

7,024
Population
4,103
Households
1.7
Avg Household Size
47
Median Age
24%
College-Educated
92%
High-School Grad
479.7 sq mi
ZIP Area
15
Density / Sq Mi
$77,242
Median Household Income
$46,979
Median Earnings
$1,045
Median Rent
$237,000
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
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Turn-key restaurant includes indoor dining and an outdoor seating patio, with an adjacent leased retail building.
Where is this conventional restaurant located?
The property is located at 812 7th Ave Two Harbors, MN.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Restaurant space totals 2,670 SF plus 805 SF of patio/outdoor seating; Indoor dining restaurant with an adjacent 1,404 SF retail building (currently leased); Ample parking available on‑site
(218) 310-0013 Call to check price and availability
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