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    405 Main St Rice, MN 56367

    Sponsored
    For Sale
    $675,000

    Prime Hwy 10 location, 4400 sq ft, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This thriving restaurant and catering business, located at 405 East Main Street in Rice, Minnesota (zip code 56367), presents a unique investment opportunity. The property encompasses a substantial 1.4+ acre parcel, featuring a single-story, 4,400 square foot building with ample seating for over 140 patrons. Its prime location on the Highway 10 corridor between Saint Cloud and Brainerd ensures high visibility and convenient access for customers. The restaurant boasts numerous recent improvements, including a new point-of-sale system and a steel roof. The property offers significant potential for expansion, with ample space for building additions or the possibility of subdividing the land for additional commercial development. Neighboring businesses include Holiday, Westside Liquor, and Pine Country Bank, creating a strong commercial environment. The minimal competition in the immediate area makes this a rare opportunity to acquire a well-established, popular dining establishment. The current owner is willing to assist with the transition to a new owner. The asking price is $675,000, and seller financing may be available. This is an ideal acquisition for an experienced operator seeking to elevate a long-standing business to new heights.

    Property Features for 405 Main St

    General Information

    Property type
    Restaurants

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $675,000 asking price.
    • Established QSR/Fast Food restaurant and building for sale in Rice, MN.
    • 4,400 square foot building on a 1.4+ acre lot.
    • High visibility location on Highway 10 corridor.
    • Seats over 140 patrons.
    • Ample parking and room for expansion or additional development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Old Creamery Cafe Restaurant Creative Catering Caterer

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Rice
    County
    Benton
    State
    Minnesota
    Longitude
    -94.2161142
    Latitude
    45.7540848

    Nearby Comparable

    • $595,000
      4,400 SF

      Prime Rice, MN Restaurant Opportunity

      Established Eatery, 4,400 SF, 1.39 Acres
      405 Main St, Rice, MN 56367
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    • $275,000
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      Retail/Light Industrial Space Available

      High-visibility retail/light industrial space near Hwy 10.
      245 Main St E, Rice, MN 56367
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    • $275,000
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      Prime Rice Retail Investment

      Two-unit storefront, high visibility, Hwy 10 access.
      245 Main St, Rice, MN 56367
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    • $199,900
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      Commercial Land Near Highway 10

      3.5+/- acres of commercial land with highway access.
      Tbd Pne Rd NW, Rice, MN 56367
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    • $1,525,000
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      Industrial Property in Rice, MN

      Industrial property ideal for manufacturing, distribution, and warehousing.
      515 Division St N, Rice, MN 56367
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    Nearby Similar for Sale

    • $1,525,000
      17,023 SF

      Industrial Property in Rice, MN

      Industrial property ideal for manufacturing, distribution, and warehousing.
      515 Division St N, Rice, MN 56367
      View Details
    • $275,000
      4,256 SF

      Retail/Light Industrial Space Available

      High-visibility retail/light industrial space near Hwy 10.
      245 Main St E, Rice, MN 56367
      View Details
    • $595,000
      4,400 SF

      Prime Rice, MN Restaurant Opportunity

      Established Eatery, 4,400 SF, 1.39 Acres
      405 Main St, Rice, MN 56367
      View Details
    • $275,000
      4,256 SF

      Prime Rice Retail Investment

      Two-unit storefront, high visibility, Hwy 10 access.
      245 Main St, Rice, MN 56367
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Hwy 10 location, 4400 sq ft, high visibility.
    Where is this restaurant located?
    The property is located at 405 Main St Rice, MN.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: $675,000 asking price.; Established QSR/Fast Food restaurant and building for sale in Rice, MN.; 4,400 square foot building on a 1.4+ acre lot.
    Request Owner's contact information
    405 Main St Rice, MN 56367
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 Main St Rice, MN 56367
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