Building Details

Tenancy Multi

Listing Agency: Greg Follmer Commercial Real Estate Show Phone

Listed By: Greg Follmer · License #27078 Show Phone

Source: Moodyscre

Added: Apr 26, 2022 Changed: Jul 30 Last Checked: Aug 1 at 2:45AM

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Investment Insights

Based on property information with market context.

This restaurant space is offered as a turn-key opportunity and is currently operating as a “Vanilla Bean.” The restaurant includes 2,670 SF of indoor dining space plus an 805 SF patio and outdoor seating area for seasonal service.

In addition to the restaurant, there is a 1,404 SF retail building adjacent to the restaurant that is currently leased. The property offers ample parking and is positioned for high visibility on the main throughfare in Two Harbors.

The configuration provides a ready-to-operate restaurant footprint with outdoor dining space, along with an adjacent leased retail component on the same property.

Key Highlights

• 2,670 SF restaurant interior
• 805 SF patio and outdoor seating
• Adjacent 1,404 SF retail building (leased)

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

NNN (Triple Net)

Lease Type

$3.37 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

42

Businesses Nearby

17k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the lease rate? 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 - Operating restaurant offering 2,670 SF interior plus an 805 SF patio for outdoor dining.

Where is this conventional restaurant located?

The property is located at 812 7th Ave Two Harbors, MN.

What is the lease rate?

The lease rate is $22.47 SF/Yr.

What are key features of this property?

This property features: 2,670 SF restaurant interior; 805 SF patio and outdoor seating; Adjacent 1,404 SF retail building (leased)