Building Details

Year built 2006

Building materials Wood Frame

Roof type Asphalt

Listing Agency: Culbert Realty Show Phone

Listed By: Jessica Mesich Show Phone

Added: Jun 1 Changed: Sep 5 Last Checked: Sep 15 at 6:06AM

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MLS# 150049

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

Investment Insights

Based on property information with market context.

This two-level commercial property includes a restaurant layout on the upper floor with a dining area, separate bar, commercial kitchen, and restrooms. The lower level contains a former living area, office, walk-in freezer, substantial storage, and additional flexible space. Wood-frame construction, an asphalt roof, natural gas heat, and central air conditioning support the building’s existing configuration.

Positioned at the corner of Highway 135 and Broadway, the property offers a highly visible setting with ample parking. Built in 2006, it can support continued restaurant use or adaptation for retail, office, community, church, event, or other business purposes identified in the current layout.

Key Highlights

• Corner position at Highway 135 and Broadway
• Upper level includes dining area, separate bar, commercial kitchen, and restrooms
• Lower level features office space, walk‑in freezer, storage, and flexible areas

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Plumbing Service Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Building Supply

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

96

Businesses Nearby

9k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Holiday Station Store Shops & Services

9,396 visits/mo 0.2 miles

Demographics for 55741, MN

3,110

Population

1,610

Households

1.9

Avg Household Size

50

Median Age

19%

College-Educated

97%

High-School Grad

69.7 sq mi

ZIP Area

45

Density / Sq Mi

$66,528

Median Household Income

$44,688

Median Earnings

$671

Median Rent

$151,900

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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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Two-level commercial building with restaurant improvements, flexible lower-level space, and ample on-site parking.

Where is this conventional restaurant located?

The property is located at 501 N Broadway Gilbert, MN.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Corner position at Highway 135 and Broadway; Upper level includes dining area, separate bar, commercial kitchen, and restrooms; Lower level features office space, walk‑in freezer, storage, and flexible areas