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 Last Checked: Jul 31 at 7:06PM

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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.

Built in 2006, this well-established two-level commercial property has operated as a local restaurant for many years. The upper level features a dining area, separate bar, commercial kitchen, and restrooms. The lower level includes a former living area, office space, a walk-in freezer, abundant storage, and additional flexible space.

Located on a highly visible corner of Highway 135 and Broadway, the property offers strong exposure and ample parking for visitors and customers.

The existing layout supports continued restaurant use or adaptation to other commercial and community-style operations, with separate areas that can be used for dining, service, offices, and storage as needed.

Key Highlights

• Commercial property built in 2006 with wood frame construction, asphalt roof, and natural gas heating
• Upper level includes restaurant space with dining area, separate bar, commercial kitchen, and restrooms
• Lower level features a former living area, office, walk‑in freezer, abundant storage, and additional flexible space

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

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

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

88

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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 Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Built in 2006, this two-level property includes a restaurant dining area, bar, kitchen, office, and walk-in freezer.

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: Commercial property built in 2006 with wood frame construction, asphalt roof, and natural gas heating; Upper level includes restaurant space with dining area, separate bar, commercial kitchen, and restrooms; Lower level features a former living area, office, walk‑in freezer, abundant storage, and additional flexible space