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Mixed-Use Restaurant and Store
New
For Sale
$449,995

20470 State 226, Park Rapids, MN 56470

Food service and convenience retail share the property, with equipment, fixtures, and branding included in the offering.

Property Size3,236 SF
Price / SF$139.06
Days on Market7

Property Features for 20470 State 226

General Information

Standard status Active
Size 3,236 SF
Property subtype Commercial
Zoning Business/Commercial

Restaurant

Seating Capacity 85
Patio Yes
Equipment Included Yes

Additional Details

Business Included Yes
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $1,852

Building Details

Year Built 1920
Stories 1
Units 1
Listing Agency: Affinity Real Estate Inc.
Listed By: Jack Brann
Source: Getyoumoved
Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 2:24PM

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 Affinity Real Estate Inc.

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Investment Insights

Based on property information with market context.

The Dorset General Store and La Pasta Italian Eatery occupy a single-level mixed-use property totaling 3,236 finished square feet. The store accounts for 1,380 square feet, while the restaurant uses 1,856 square feet. Indoor seating is rated for 85 patrons, with additional service areas on a patio, porch, and deck. The building dates to 1920 and is zoned Business/Commercial.

The offering includes the real estate, equipment, fixtures, and branding for both businesses. The property is located at 20470 State 226 in Park Rapids, Minnesota.

Key Highlights

  • 3,236 finished square feet on one level
  • General store space totals 1,380 square feet; restaurant space totals 1,856 square feet
  • Indoor occupancy rated for 85 patrons, plus patio, porch, and deck areas

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Repair Shop Grocery & Convenience Store Plumbing Service Hair Salon Skin Care Clinic

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

26
Businesses Nearby

Demographics for 56470, MN

10,668
Population
7,478
Households
1.4
Avg Household Size
47
Median Age
30%
College-Educated
94%
High-School Grad
382.5 sq mi
ZIP Area
28
Density / Sq Mi
$68,351
Median Household Income
$37,044
Median Earnings
$929
Median Rent
$260,500
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

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?
Mixed-use property - Food service and convenience retail share the property, with equipment, fixtures, and branding included in the offering.
Where is this mixed-use property located?
The property is located at 20470 State 226 Park Rapids, MN.
What is the asking price?
The asking price for this property is $449,995.
What are key features of this property?
This property features: 3,236 finished square feet on one level; General store space totals 1,380 square feet; restaurant space totals 1,856 square feet; Indoor occupancy rated for 85 patrons, plus patio, porch, and deck areas
More about this property
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