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    Turn-Key Bar and Restaurant Opportunity Title is generated by Realmo AI

    236 E Maine Street, Amboy, MN 56010

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    For Sale
    $180,000

    COMMERCIAL - Amboy, MN

    Added:
    Dec 4, 2025
    Days on Market:
    175
    Last Refresh:
    May 28 at 12:06 pm

    Property Features for 236 E Maine Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Bar Area, Kitchen Area, Restrooms
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    R11.22.23.206.011

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    AMBOY TOWNSITE 6 & 007 005 00
    Tax Annual Amount
    2580

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1974
    Roof type
    Metal

    We can help!

    Listing Contact
    AMANDA JOHNSON

    Listing agent AMANDA JOHNSON

    Listing office OLSON NELSON REALTY 415 S Grove Street Suite #6, Blue Earth, MN

    Listing date Dec 4, 2025

    MLS# 7039163

    Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key, successful bar with loyal customer base and established reputation.
    • Full dining destination with fully equipped kitchen for breakfast, lunch, and dinner service.
    • Profitable off‑sale area provides a high‑margin revenue stream.
    • Additional income from pull tabs and e‑tabs.
    • Recent updates include newer furnace, air conditioning, and walk‑in cooler compressor.
    • Opportunity for catering and hosting events to expand revenue.

    Overview

    This is a turn-key bar and full dining destination with a fully equipped kitchen serving homemade breakfast, lunch and dinner. The full kitchen also provides an excellent opportunity for catering, allowing expansion of revenue by serving food at private parties, community events, and special gatherings. In addition to on-site food and beverage sales, this bar also includes a dedicated off-sale area, which provides a highly profitable, high-margin revenue stream, an exceptional boost to overall annual income. Pull tabs and e-tabs add yet another strong, dependable income source. The establishment has hosted countless fun events such as trivia, bingo, meat raffles, DIY projects and more that keeps customers engaged and coming back for more! Some recent updates include a newer furnace, air and a new walk-in cooler compressor giving peace of mind and reducing future overhead. The property is located in Amboy, MN, and is known for its loyal customer base and a reputation built on many years of great service, great food, and unforgettable events. From morning regulars to evening crowds, this place stays lively with activity. The property offers an exciting chance to take over a local hotspot with endless possibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Linda's Place Bar & Pub

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Nail Salon Auto Parts Store Hair Salon Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amboy
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -94.155989
    Latitude
    43.888155

    FAQs

    What type of property is this?
    Bar & Pub - Successful bar and restaurant with loyal customer base for sale.
    Where is this bar & pub located?
    The property is located at 236 E Maine Street Amboy, MN.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Turn‑key, successful bar with loyal customer base and established reputation.; Full dining destination with fully equipped kitchen for breakfast, lunch, and dinner service.; Profitable off‑sale area provides a high‑margin revenue stream.
    (507) 381-1600
    We can help!
    Listing Contact
    AMANDA JOHNSON
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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