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    812 7Th Ave Two Harbors, MN 55616

    For Sale
    $749,000

    Turnkey Restaurant, High Visibility

    Property size:
    3,718 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional turnkey restaurant opportunity in Two Harbors, Minnesota, is ideally situated on a main thoroughfare, ensuring high visibility and ample foot traffic. The property, known as the "Vanilla Bean," boasts a total of 3,718 square feet, encompassing a 2,670 square foot interior dining area and an additional 805 square feet of outdoor patio seating, perfect for the busy summer and fall seasons. An adjacent 1,404 square foot retail building is currently leased, providing additional income potential. The property includes ample parking for patrons and staff. Built in 1903 and renovated in 1995, this single-story building sits on two parcels of land (APN: 23-7661-33010 / 23-7661-33010) and is offered at an asking price of $749,000 ($201.45 per square foot). 2022 property taxes totaled $9,654.58. This is a rare chance to acquire a well-established, profitable business in a desirable location. The property is available for purchase.

    Property Features for 812 7Th Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,718 SF

    Building Details

    Year Built/Renovated
    1903/1995
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Turnkey restaurant opportunity in Two Harbors, MN, on a main thoroughfare with high visibility and foot traffic.
    • 3,718 SF building with 2,670 SF interior dining area and 805 SF outdoor patio.
    • Includes a 1,404 SF leased retail building, providing additional income.
    • Ample parking.
    • Single‑story building on two parcels (APN: 23‑7661‑33010 / 23‑7661‑33010), built in 1903, renovated in 1995.
    • Asking price: $749,000 ($201.45/SF); 2022 property taxes: $9,654.58.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vanilla Bean - Two ... American Restaurant Agate Bay Outfitters ... Gift Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Two Harbors
    County
    Lake
    State
    Minnesota
    Longitude
    -91.6756368
    Latitude
    47.0254859

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      Turn-Key Restaurant Opportunity

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, High Visibility
    Where is this restaurant located?
    The property is located at 812 7Th Ave Two Harbors, MN.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Turnkey restaurant opportunity in Two Harbors, MN, on a main thoroughfare with high visibility and foot traffic.; 3,718 SF building with 2,670 SF interior dining area and 805 SF outdoor patio.; Includes a 1,404 SF leased retail building, providing additional income.
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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
    812 7Th Ave Two Harbors, MN 55616
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