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Prime Corner Location with Lofts

7 E Minnesota St, Saint Joseph, MN 56374

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For Sale

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Highly visible corner location in downtown Saint Joseph, Minnesota.

Type:Retail

Property size:

4,350 SF

Price / SF:

$275/SF

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.
Includes a beautiful building with residential lofts on the second floor.
Relatively new construction (built in 2008).
One hour from the Twin Cities.

We can help!

Contact an agent

Jon Petters

Learn more

For Sale

Contact for pricing

Highly visible corner location in downtown Saint Joseph, Minnesota.

Type:Retail

Property size:

4,350 SF

Price / SF:

$275/SF

Added:: Feb 16, 2026
Days on Market:: 131
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 7 E Minnesota St

General Information

Standard status: Active
Size: 4,350 SF
Property subtype: Retail

Building Details

Year Built: 2008

We can help!

Contact an agent

Jon Petters

Listing office Collegeville Brokerage

Listing date Feb 16, 2026

Source Crexi

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

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.
Includes a beautiful building with residential lofts on the second floor.
Relatively new construction (built in 2008).
One hour from the Twin Cities.

Overview

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.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$87.2k	$20.04
− Vacancy	−$6.8k	−$1.56
EGI	$80.4k	$18.48
− OpEx	−$20.1k	−$4.62
NOI	$60.3k	$13.86

4,350 SF · lease $20.04/SF/yr · vacancy 7.80% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$861.2K

$753.5K – $1.00M (±1% cap)

NOI $60,281 @ 7.0% cap · market cap 5.02%

Second Best

Retail

$833.4K

$729.2K – $972.3K (±1% cap)

NOI $58,337 @ 7.0% cap · market cap 4.86%

Theoretical Best

Office A

$952.4K

$833.4K – $1.11M (±1% cap)

NOI $66,671 @ 7.0% cap · market cap 5.56%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Similar Places 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

Location Insight

Map
Local Demand

City: Saint Joseph
County: Stearns
State: Minnesota
Longitude: -94.316818
Latitude: 45.56514

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For sale
Storefront properties
MN
Saint Joseph
56374
7 E Minnesota St

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 $1,200,000.

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.