Stillwater Tavern and Pub
145 New England Pl, Stillwater, MN 55082
For Sale
Contact for pricing
Operating tavern and real estate for sale in Stillwater.
Property Size4,858 SF
Price / SF$288.18
Days on Market286
Property Features for 145 New England Pl
General Information
Standard status
Size
Property subtype
Investment Type
Building Details
Year Built
Tenancy
Listing Agency:
HSC Business Brokers
Listed By:
Dan McGuire
Source:
Crexi
Added: Jan 29
Changed: Nov 9
Last Checked: Nov 8 at 6:49AM
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 HSC Business Brokers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Patriots Tavern is a hospitality opportunity located in Stillwater's dining scene. This New England–style tavern and pub offers a warm, inviting atmosphere with classic American comfort food. Known for its welcoming service and relaxed neighborhood feel, Patriots Tavern is a gathering place for local patrons and visitors. The restaurant emphasizes fresh ingredients, generous portions, and a diverse menu. Signature offerings include wood-fired pizzas, handcrafted burgers, seafood selections, and a rotating lineup of craft beers. The offering includes both the operating business and the underlying real estate. The business benefits from community ties, positive brand recognition, and a proven operating model, with upside through expanded events, catering, private parties, and enhanced service offerings. The property size is 4858 square feet.
Key Highlights
- Operating business and underlying real estate included in the sale.
- Established business with strong community ties and positive brand recognition.
- Proven operating model with potential for growth through expanded services.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,584
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,471,680
$1.5M
Cap Rate 7%
$1,051,200
$1.1M
Cap Rate 9%
$817,600
$817.6K
Market Conditions
NOI Build-Up for 4,858 SF
Gross rent
$104.9K $21.60/SF
− Vacancy
−$6.8K −$1.40/SF
EGI
$98.1K $20.20/SF
− OpEx
−$24.5K −$5.05/SF
NOI
$73.6K $15.15/SF
Area
Washington County, MN
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,471,680
Cap Rate 7%
$1,051,200
Cap Rate 9%
$817,600
Alternative Uses
Best Use
Specialty Retail
$1.05M
$919.8K – $1.23M
NOI $73,584 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,458 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 55082, MN
36,441
Population
15,493
Households
2.4
Avg Household Size
46
Median Age
53%
College-Educated
97%
High-School Grad
79.2 sq mi
ZIP Area
460
Density / Sq Mi
$117,538
Median Household Income
$58,615
Median Earnings
$1,439
Median Rent
$459,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating tavern and real estate for sale in Stillwater.
Where is this bar & pub located?
The property is located at 145 New England Pl Stillwater, MN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Operating business and underlying real estate included in the sale.; Established business with strong community ties and positive brand recognition.; Proven operating model with potential for growth through expanded services.
