Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Turn key restaurants

    9563 Madison St, Garrison, MN 56450-2026

    3,672 SF 0.27 ac lot
    Entity Owned ~ Est. High Equity
    Property ID
    US46-0871052
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-established restaurant and ice cream shop ideally situated on Highway 169 in Garrison, Minnesota, directly across from Mille Lacs Lake. The Spotlite Cafe, boasting over 40 years of success, offers a diverse menu featuring made-from-scratch breakfast, lunch, and dinner options, including their renowned original pancake recipe. Recently expanded to include "The Ice Cream Spot," a delightful ice cream parlor and gift shop, the property also features a Mille Lacs Lake Gift Shop stocked with apparel and souvenirs. This thriving business benefits from high visibility and significant traffic volume due to its prime highway location. Adding to its appeal is a spacious upper-level apartment offering stunning views of Mille Lacs Lake. The building encompasses 5,440 square feet and sits on a 0.27-acre lot. This unique combination of a profitable, long-standing restaurant, a complementary ice cream and gift shop, and a desirable apartment presents a rare opportunity for a savvy investor seeking a turnkey operation with significant growth potential. The property is priced at $399,000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Total area 3,672 SF
    Lot 0.27 ac (11,745 SF)
    APN 24130607
    UPID US46-0871052
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ice Cream Spot & Gift Shop Grocery & Convenience Store Specialty Food Shop
    • Spotlite Cafe & Ice Cream Shop Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Its A Keeper Lakeside Cafe LLC
    Its A Keeper Lakeside Cafe LLC
    since 2026
    1 recorded transaction
    2026
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 9563 Madison St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message