Prime Corner Location with
7 E Minnesota St, Saint Joseph, MN 56374
For Sale
Contact for pricing
Highly visible corner location in downtown Saint Joseph, Minnesota.
Property Size4,350 SF
Price / SF$298.85
Days on Market270
Property Features for 7 E Minnesota St
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Building Details
Year Built
Year Renovated
Stories
Tenancy
Listing Agency:
Collegeville Brokerage
Listed By:
Jon Petters · License MN 40134752.BROKER
Source:
Crexi
Added: Feb 16
Changed: Nov 7
Last Checked: Nov 10 at 9:03AM
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 Collegeville Brokerage
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in downtown Saint Joseph, Minnesota, this property features a highly visible corner location. The building includes residential lofts on the second floor. Currently operating as a pasta and steak restaurant, the property benefits from outdoor seating and a patio. The owner intends to retire at the end of 2026. The property size is 4350 square feet.
Key Highlights
- Prime corner location in downtown Saint Joseph with high visibility and outdoor seating.
- Established, successful pasta and steak restaurant business.
- Located in a destination location within a college town.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,281
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,620
$1.2M
Cap Rate 7%
$861,157
$861.2K
Cap Rate 9%
$669,789
$669.8K
Market Conditions
NOI Build-Up for 4,350 SF
Gross rent
$87.2K $20.04/SF
− Vacancy
−$6.8K −$1.56/SF
EGI
$80.4K $18.48/SF
− OpEx
−$20.1K −$4.62/SF
NOI
$60.3K $13.86/SF
Area
Stearns County, MN
Vacancy
7.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,620
Cap Rate 7%
$861,157
Cap Rate 9%
$669,789
Alternative Uses
Best Use
Specialty Retail
$861.2K
$753.5K – $1.00M
NOI $60,281 @ 7.0% cap · market cap 4.64%
Second Best
Retail
$833.4K
$729.2K – $972.3K
NOI $58,337 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$952.4K
$833.4K – $1.11M
NOI $66,671 @ 7.0% cap · market cap 5.13%
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
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
61k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 13%
Home Improvements & Furnishings 5%
Kwik Trip
Shops & Services
32,444 visits/mo
0.2 miles
Holiday Station Store
Shops & Services
9,628 visits/mo
0.2 miles
Dollar General
Shops & Services
8,355 visits/mo
0.5 miles
Taco John's
Dining
5,084 visits/mo
0.2 miles
Lee's Ace Hardware
Home Improvements & Furnishings
3,050 visits/mo
0.2 miles
Demographics for 56374, MN
9,943
Population
3,662
Households
2.7
Avg Household Size
33
Median Age
31%
College-Educated
91%
High-School Grad
66.4 sq mi
ZIP Area
150
Density / Sq Mi
$78,415
Median Household Income
$36,851
Median Earnings
$1,134
Median Rent
$281,300
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
Similar Off Market Nearby
- Daisy A Day Floral & Gift — 307 College Ave N, St Joseph, MN 56374
- All Occasion Floral and Gifts — 38 E Birch St, St Joseph, MN 56374
Frequently Asked Questions
What type of property is this?
Storefront property - Highly visible corner location in downtown Saint Joseph, Minnesota.
Where is this storefront property located?
The property is located at 7 E Minnesota St Saint Joseph, MN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime corner location in downtown Saint Joseph with high visibility and outdoor seating.; Established, successful pasta and steak restaurant business.; Located in a destination location within a college town.
