Building Details

Building Size 8,200 SF

Year Built 1894

Stories 2

Units 1

Listing Agency: Premier Real Estate Services Show Phone

Listed By: Timothy R. Cook Show Phone

Source: Ivyrealestategroup

Added: Feb 26 Changed: Oct 23 Last Checked: Aug 16 at 8:37AM

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Investment Insights

Based on property information with market context.

This restaurant property offers 3,500 square feet with seating for more than 50 guests. The interior combines restored tin ceilings, original hardwood flooring, and exposed brick. Some restaurant appliances, equipment, and furnishings are included, and the building dates to 1894.

The property is zoned Business/Commercial and is located at 215 N Sibley Avenue in Litchfield, Minnesota.

Key Highlights

• 3,500 square feet of restaurant space
• Dining area seats more than 50 guests
• Partially equipped kitchen with restaurant appliances, equipment, and furnishings

Property Analytics

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

Open Analytics

Current Use

Mimi’s Cafe Cafe & Coffee Shop

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Real Estate Agency (Bike/Boat/Book/etc) Store Skin Care Clinic Electrical Service

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

Location Intelligence

Trade Area within ½ mile

538

Businesses Nearby

24k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 94% Home Improvements & Furnishings 6%

Casey's Shops & Services

10,742 visits/mo 0.4 miles

Dollar General Shops & Services

6,063 visits/mo 0.5 miles

Speedway Shops & Services

5,800 visits/mo 0.3 miles

Litchfield Hardware Home Improvements & Furnishings

1,544 visits/mo 0.3 miles

Demographics for 55355, MN

9,592

Population

4,560

Households

2.1

Avg Household Size

43

Median Age

22%

College-Educated

95%

High-School Grad

171.7 sq mi

ZIP Area

56

Density / Sq Mi

$70,878

Median Household Income

$44,577

Median Earnings

$929

Median Rent

$210,200

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

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - The dining area accommodates more than 50 guests, with select restaurant equipment and furnishings included.

Where is this conventional restaurant located?

The property is located at 215 N Sibley Avenue Litchfield, MN.

What are key features of this property?

This property features: 3,500 square feet of restaurant space; Dining area seats more than 50 guests; Partially equipped kitchen with restaurant appliances, equipment, and furnishings