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Drive-Through Restaurant Building
For Sale
$399,900
Pending

517 Duluth Ave S, Thief River Falls, MN 56701

Existing food-service improvements include a hood system, coolers, restrooms, and an outdoor patio.

Property SizeContact for details
Days on Market114

Property Features for 517 Duluth Ave S

General Information

Standard status Pending

Site & Location

Drive-Thru Yes
Traffic Count 5,900 vehicles/day

Restaurant

Commercial Hood Yes
Patio Yes
Equipment Included Yes

Taxes and HOA fees

Annual Taxes $6,718

Amenities

2 bathrooms
Listing Agency: USA Realty Thief River Falls
Listed By: Kermit Genereux
Source: Exprealty
Added: May 11 Changed: Aug 31 Last Checked: Aug 31 at 6:31PM

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 USA Realty Thief River Falls

Investment Insights

Based on property information with market context.

This former Dairy Queen restaurant building contains over 2500 square feet, seating for about 50, two bathrooms, a drive-up service window, and an outdoor patio. Existing food-service improvements include exhaust hood systems, sinks, a walk-in cooler, and a walk-in freezer. The cooler and freezer are about 5 years old, while the AC unit was installed in 2021. The parking lot was repaved about 5 years ago, and the rubber roof is about 4 years old.

Located at 517 Duluth Ave S in Thief River Falls, the property recorded an MN DOT traffic count of 5900 cars per day in 2019. A deed restriction will prohibit the sale or distribution of frozen treats, including ice cream, yogurt, and novelties; exact language will be established at closing. The security system and ice machine may also be available by separate agreement.

Key Highlights

  • Over 2500 square feet with seating for about 50
  • Drive‑up service window and outdoor patio area
  • Exhaust hood systems, sinks, walk‑in cooler, and walk‑in freezer

Property Analytics

Current Use

The 517 Diner Restaurant

Suggested Use

Top Pick Building Supply Real Estate Agency Law Firm HVAC Service Dental Office Kitchen & Bath Showroom

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

5,900 VPD
Traffic count
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

415
Businesses Nearby
Under-served
Demand for This Use

Demographics for 56701, MN

12,798
Population
6,246
Households
2
Avg Household Size
40
Median Age
20%
College-Educated
95%
High-School Grad
383.0 sq mi
ZIP Area
33
Density / Sq Mi
$73,243
Median Household Income
$46,917
Median Earnings
$897
Median Rent
$189,700
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Existing food-service improvements include a hood system, coolers, restrooms, and an outdoor patio.
Where is this conventional restaurant located?
The property is located at 517 Duluth Ave S Thief River Falls, MN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Over 2500 square feet with seating for about 50; Drive‑up service window and outdoor patio area; Exhaust hood systems, sinks, walk‑in cooler, and walk‑in freezer
More about this property
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