Listing Agency: CENTURY 21 Land of Lakes j***@gmail.com Show Phone

Listed By: Jordan Osse · License #MN

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 12:53AM

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Investment Insights

Based on property information with market context.

This restaurant property is situated along US Hwy 2 at 314 E Main Ave in Deer River, Minnesota. Fixtures and equipment are included with the property, providing an existing physical setup for restaurant operations.

The business is currently closed and not operating. The asset offers a restaurant building and an established highway location for a future operator or new commercial concept.

Key Highlights

• Restaurant property located along US Hwy 2
• Fixtures and equipment included with the property
• Currently closed and not operating

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Plumbing Service Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Hair Salon Computer & Electronic Repair

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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

151

Businesses Nearby

27k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 65% Groceries 30% Home Improvements & Furnishings 5%

Holiday Station Store Shops & Services

10,666 visits/mo 0.1 miles

Super One Foods Groceries

8,181 visits/mo 0.1 miles

Cenex Shops & Services

5,787 visits/mo 0.4 miles

Burggraf's Ace Hardware of Deer River Home Improvements & Furnishings

1,499 visits/mo 0.2 miles

O'Reilly Auto Parts Shops & Services

1,351 visits/mo 0.1 miles

Demographics for 56636, MN

5,055

Population

2,937

Households

1.7

Avg Household Size

46

Median Age

20%

College-Educated

93%

High-School Grad

436.9 sq mi

ZIP Area

12

Density / Sq Mi

$59,858

Median Household Income

$32,128

Median Earnings

$690

Median Rent

$195,200

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant property along US Hwy 2 with fixtures and equipment included.

Where is this conventional restaurant located?

The property is located at 314 E Main Ave Deer River, MN.

What are key features of this property?

This property features: Restaurant property located along US Hwy 2; Fixtures and equipment included with the property; Currently closed and not operating