Building Details

Tenancy Multi

Spaces For Lease

at 812 7th Ave

Turn Key Restaurant $22.47/SF/Yr

Floor 1

Size 3,475 SF

Type RETAIL

Lease Type NNN

Availability AVAILABLE, 60 Days

Sublease No

Turn-Key opportunity in Two Harbors. Currently operating as the well-loved “Vanilla Bean” this is the prime opportunity you have been waiting for!! Purchase or Lease option available. Just in time for the busy Summer / Fall season! • 23-7661-33020/23-7661-33010 • $9,654.58 2022 Taxes • Restaurant— 2670 SF + 805 SF of patio/outdoor seating • 1,404 SF Retail building adjacent (leased). • Ample Parking • High Visibility Location on the main throughfare in Two Harbors

Contact us

Listing Agency: Greg Follmer Commercial Real Estate

Listed By: Greg Follmer · License #27078 Show Phone

Source: Moodyscre

Added: Apr 26, 2022 Changed: Oct 25 Last Checked: Nov 1 at 4:54AM

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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

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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

Who owns this building? See the owner, sales and loan history

Open 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 Grocery & Convenience Store Kitchen & Bath Showroom 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

460

Businesses Nearby

70k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 48% Groceries 23% Dining 17% Home Improvements & Furnishings 8%

Kwik Trip Shops & Services

23,521 visits/mo 0.3 miles

Super One Foods Groceries

16,475 visits/mo 0.2 miles

McDonald's Dining

9,604 visits/mo 0.3 miles

Holiday Station Store Shops & Services

8,048 visits/mo 0.4 miles

Seagren's Home Hardware Outdoors Home Improvements & Furnishings

5,327 visits/mo 0.2 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

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)