Commercial Kitchen with
New
For Sale
$1,600,000
5920 Neal Avenue N, Stillwater, MN 55082
A catering facility combines a large prep kitchen, walk-in coolers, storage, dining space and an order window.
Property Size3,711 SF
Lot Size0.98 Acres
Price / SF$431.15
Days on Market5
Property Features for 5920 Neal Avenue N
General Information
Standard status
Active
Size
3,711 SF
Lot size
0.98 Acres
Zoning
Business/Commercial
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Additional Details
Business Included
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$16,324
Amenities
Natural Gas
No
8-10
Building
City Water/Connected
0.979
79x454x151x414
3711
Parking Lot
City Street
Building Details
Building Size
3,711 SF
Year Built
2004
Buildings
1
Listing Agency:
Edina Realty, Inc.
(612) 656-1200
Listed By:
Ryan Wedekind
Source:
Imetroproperty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:44PM
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 Edina Realty, Inc.
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Investment Insights
Based on property information with market context.
This standalone catering and restaurant property contains 3,711 square feet and was built in 2004. The interior includes a large food-preparation kitchen, walk-in coolers, storage and a dining area. A drive-through window and on-site parking are also part of the property. The sale offering includes the catering business, equipment and building.
The property has signage on Stillwater Boulevard and is near Stillwater High School, with access to Hwy 36.
The property has signage on Stillwater Boulevard and is near Stillwater High School, with access to Hwy 36.
Key Highlights
- 3,711‑square‑foot standalone building constructed in 2004
- Large kitchen, walk‑in coolers, storage and restaurant seating area
- Drive‑through window and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,211
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,220
$1.1M
Cap Rate 7%
$803,014
$803.0K
Cap Rate 9%
$624,567
$624.6K
Market Conditions
NOI Build-Up for 3,711 SF
Gross rent
$80.2K $21.60/SF
− Vacancy
−$5.2K −$1.40/SF
EGI
$74.9K $20.20/SF
− OpEx
−$18.7K −$5.05/SF
NOI
$56.2K $15.15/SF
Area
Washington County, MN
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,220
Cap Rate 7%
$803,014
Cap Rate 9%
$624,567
Alternative Uses
Best Use
Specialty Retail
$803.0K
$702.6K – $936.9K
NOI $56,211 @ 7.0% cap · market cap 3.51%
Second Best
Industrial
$575.9K
$503.9K – $671.9K
NOI $40,315 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$1.03M
$902.0K – $1.20M
NOI $72,156 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 55082, MN
36,441
Population
15,493
Households
2.4
Avg Household Size
46
Median Age
53%
College-Educated
97%
High-School Grad
79.2 sq mi
ZIP Area
460
Density / Sq Mi
$117,538
Median Household Income
$58,615
Median Earnings
$1,439
Median Rent
$459,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - A catering facility combines a large prep kitchen, walk-in coolers, storage, dining space and an order window.
Where is this commercial kitchen located?
The property is located at 5920 Neal Avenue N Stillwater, MN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 3,711‑square‑foot standalone building constructed in 2004; Large kitchen, walk‑in coolers, storage and restaurant seating area; Drive‑through window and on‑site parking
