Second-Generation Restaurant
711 W Main St Anoka, MN 55303
For Sale
Contact for pricing
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 Market78
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
(612) 419-4433
Listed By:
Todd Braufman
(612) 419-4433
Source:
Moodyscre
Added: May 12
Changed: Jul 25
Last Checked: Jul 27 at 2:13PM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $15.00 |
| − Vacancy | −$2.7k | −$1.05 |
| EGI | $36.2k | $13.95 |
| − OpEx | −$9.0k | −$3.49 |
| NOI | $27.1k | $10.46 |
2,592 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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.
