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    OFF-MARKET
    Retail properties & Spaces

    12168 County 15 Rd, Pomroy, MN 56661

    Built 1976
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 12168 County 15 Road in Northome, Minnesota, presents a unique investment opportunity. The asking price is $199,900 for this 7-acre parcel encompassing a thriving restaurant and supper club. Built in 1976, the establishment boasts a substantial 304,920 square foot lot, providing ample space for the existing business and potential expansion. The property includes a convenient outdoor gazebo with seating, adding to its appeal. Several campsites are also situated on the land, offering additional revenue streams or recreational opportunities. Strategically located on US Highway 71, this business enjoys high visibility and benefits from its position as the last food service establishment before the Canadian border, attracting a loyal local clientele and tourists alike. The property's reputation for excellent food ensures a consistent customer base. This turnkey operation is ready for a new owner to step in and continue its success. The property is zoned for commercial and restaurant use. This is a rare opportunity to acquire a well-established business with significant land holdings in a desirable location. The property's size and location offer considerable potential for future growth and development. All aspects of the business are in good standing.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1976
    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
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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