Lakeside Restaurant with Outdoor
21614 County Road 8, Rockville, MN 56320
For Sale
$695,000
A commercial kitchen, full-service bar, dining room, and boat dock access support restaurant operations and waterfront dining.
Property Size4,380 SF
Price / SF$158.68
Days on Market335
Property Features for 21614 County Road 8
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Sprinkler System
Patio
Taxes and HOA fees
Annual Taxes
Amenities
Boat dock access
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Edina Realty, Inc
Listed By:
Rhonda Green
(320) 255-9000
Source:
Hewittjacksonrealestate
Added: Dec 11, 2025
Changed: Nov 7
Last Checked: Nov 9 at 9:37AM
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 Edina Realty, Inc
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.
This 4,380-square-foot restaurant property includes a commercial kitchen, full-service bar, dining area, outdoor patio, and deck. A fire sprinkler system is also installed. Built in 1994, the building is suited to restaurant use and features views across Grand Lake.
The property is at 21614 County Road 8 in Rockville, Minnesota, with access to a boat dock. Business/commercial zoning is in place.
The property is at 21614 County Road 8 in Rockville, Minnesota, with access to a boat dock. Business/commercial zoning is in place.
Key Highlights
- 4,380‑square‑foot restaurant property
- Commercial kitchen and full‑service bar
- Dining area with Grand Lake views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,697
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,940
$1.2M
Cap Rate 7%
$867,100
$867.1K
Cap Rate 9%
$674,411
$674.4K
Market Conditions
NOI Build-Up for 4,380 SF
Gross rent
$87.8K $20.04/SF
− Vacancy
−$6.8K −$1.56/SF
EGI
$80.9K $18.48/SF
− OpEx
−$20.2K −$4.62/SF
NOI
$60.7K $13.86/SF
Area
Stearns County, MN
Vacancy
7.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,940
Cap Rate 7%
$867,100
Cap Rate 9%
$674,411
Alternative Uses
Best Use
Specialty Retail
$867.1K
$758.7K – $1.01M
NOI $60,697 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$959.0K
$839.1K – $1.12M
NOI $67,130 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 56320, MN
7,985
Population
3,630
Households
2.2
Avg Household Size
44
Median Age
32%
College-Educated
93%
High-School Grad
51.1 sq mi
ZIP Area
156
Density / Sq Mi
$90,346
Median Household Income
$45,947
Median Earnings
$1,283
Median Rent
$312,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A commercial kitchen, full-service bar, dining room, and boat dock access support restaurant operations and waterfront dining.
Where is this conventional restaurant located?
The property is located at 21614 County Road 8 Rockville, MN.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 4,380‑square‑foot restaurant property; Commercial kitchen and full‑service bar; Dining area with Grand Lake views
