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    OFF-MARKET
    Commercial real estate

    111 Broadway St, Wrenshall, MN 55797

    1,800 SF 1.32 ac lot Built 1987
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property at 111 Broadway Street, Wrenshall, MN presents a unique investment opportunity. The 1,800 square foot building boasts a solid brick exterior and has been meticulously maintained for over three decades, establishing itself as a community cornerstone. Currently operating as a restaurant, the property includes a fully equipped commercial kitchen and two spacious dining areas with seating for more than 80 patrons. All existing furniture, fixtures, and equipment are included in the sale price of $350,000. The substantial 1.32-acre lot provides ample parking for 25 vehicles, plus additional open space ripe with development potential. Imagine expanding with outdoor dining, live music venues, or even adding an apartment complex or laundromat. The prime location on Broadway Street, directly across from the high school, offers diverse possibilities, from a coffee shop to a daycare center, or a combination of uses. This property's versatility and established presence in Wrenshall, with convenient access to Carlton and Duluth, make it an ideal platform for a thriving new business venture. Don't miss this chance to acquire a well-maintained, established property with significant upside potential.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1987
    Total area 1,800 SF
    Lot 1.32 ac (57,499 SF)
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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