Second-Generation Restaurant
For Sale
Contact for pricing
711 W Main St, Anoka, MN 55303
Second-generation restaurant space offered for sale with two outbuildings generating $1,000 monthly income.
Property Size2,592 SF
Price / SF$347.18
Days on Market170
Property Features for 711 W Main St
General Information
Standard status
Active
Size
2,592 SF
Property subtype
RETAIL
Listing Agency:
Latitude Real Estate Advisors
Listed By:
Todd Braufman
(612) 419-4433
Source:
Moodyscre
Added: May 12
Changed: Oct 26
Last Checked: Oct 26 at 3:26PM
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 Latitude Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-generation restaurant space is available for sale and is supported by two additional outbuildings. The outbuildings are approximately 500 square feet each and are described as producing $1,000 per month in income, providing added utility to the overall offering.
The property totals about 2,592 square feet and is presented as a restaurant use with existing improvements tailored to food service operations.
For buyers considering an owner-operator or a complementary income component, the combination of restaurant space and separately noted outbuilding income should be reviewed in the context of intended use and lease arrangements.
The property totals about 2,592 square feet and is presented as a restaurant use with existing improvements tailored to food service operations.
For buyers considering an owner-operator or a complementary income component, the combination of restaurant space and separately noted outbuilding income should be reviewed in the context of intended use and lease arrangements.
Key Highlights
- Second‑generation restaurant space for sale.
- Includes two additional approximately 500 SF outbuildings.
- Outbuildings generate $1,000 per month income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,119
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,380
$542.4K
Cap Rate 7%
$387,414
$387.4K
Cap Rate 9%
$301,322
$301.3K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$38.9K $15.00/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$36.2K $13.95/SF
− OpEx
−$9.0K −$3.49/SF
NOI
$27.1K $10.46/SF
Area
Anoka County, MN
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,380
Cap Rate 7%
$387,414
Cap Rate 9%
$301,322
Alternative Uses
Best Use
Specialty Retail
$387.4K
$339.0K – $452.0K
NOI $27,119 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.0K
$630.0K – $840.0K
NOI $50,398 @ 7.0% cap · market cap 5.60%
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
397
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 37%
Kwik Trip
Shops & Services
27,053 visits/mo
0.4 miles
McDonald's
Dining
16,625 visits/mo
0.1 miles
Culver's
Dining
16,602 visits/mo
0.1 miles
Taco Bell
Dining
9,368 visits/mo
0.1 miles
KFC
Dining
3,865 visits/mo
0.1 miles
Demographics for 55303, MN
51,480
Population
20,317
Households
2.5
Avg Household Size
38
Median Age
31%
College-Educated
96%
High-School Grad
64.4 sq mi
ZIP Area
799
Density / Sq Mi
$101,351
Median Household Income
$54,788
Median Earnings
$1,348
Median Rent
$338,700
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?
Conventional restaurant - Second-generation restaurant space offered for sale with two outbuildings generating $1,000 monthly income.
Where is this conventional restaurant located?
The property is located at 711 W Main St Anoka, MN.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Second‑generation restaurant space for sale.; Includes two additional approximately 500 SF outbuildings.; Outbuildings generate $1,000 per month income.
